American Century Companies Inc. Acquires 72,367 Shares of Air Transport Services Group, Inc. (NASDAQ:ATSG)

American Century Companies Inc. raised its holdings in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG - Free Report) by 3.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,283,944 shares of the transportation company's stock after acquiring an additional 72,367 shares during the quarter. American Century Companies Inc. owned approximately 3.47% of Air Transport Services Group worth $50,201,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Independence Bank of Kentucky purchased a new position in shares of Air Transport Services Group during the 4th quarter valued at $33,000. AlphaQuest LLC grew its stake in Air Transport Services Group by 89.8% in the fourth quarter. AlphaQuest LLC now owns 2,634 shares of the transportation company's stock valued at $58,000 after purchasing an additional 1,246 shares in the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new position in Air Transport Services Group in the 4th quarter worth about $204,000. Peoples Bank OH purchased a new stake in shares of Air Transport Services Group during the 4th quarter worth about $216,000. Finally, Cetera Trust Company N.A raised its stake in shares of Air Transport Services Group by 6.6% during the 4th quarter. Cetera Trust Company N.A now owns 11,635 shares of the transportation company's stock worth $256,000 after purchasing an additional 725 shares in the last quarter. Institutional investors and hedge funds own 91.81% of the company's stock.

Air Transport Services Group Stock Performance

Shares of ATSG stock traded down $0.01 during trading on Friday, reaching $22.43. The company had a trading volume of 539,286 shares, compared to its average volume of 765,051. The firm's 50 day simple moving average is $22.28 and its two-hundred day simple moving average is $20.47. Air Transport Services Group, Inc. has a one year low of $11.69 and a one year high of $22.45. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.81 and a quick ratio of 0.68. The company has a market capitalization of $1.48 billion, a PE ratio of -560.61 and a beta of 0.79.

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Air Transport Services Group (NASDAQ:ATSG - Get Free Report) last released its quarterly earnings results on Monday, March 3rd. The transportation company reported $0.40 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.05. The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $521.36 million. Air Transport Services Group had a negative net margin of 0.12% and a positive return on equity of 3.12%. Sell-side analysts forecast that Air Transport Services Group, Inc. will post 0.83 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Air Transport Services Group in a report on Saturday. They issued a "hold" rating on the stock. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $20.60.

Air Transport Services Group Company Profile

Air Transport Services Group, Inc, together with its subsidiaries, provides aircraft leasing, and air cargo transportation and related services in the United States and internationally. It operates in two segments, Cargo Aircraft Management Inc (CAM) and ACMI Services. The company offers aircraft, flight crews, aircraft hull and liability insurance, and aviation fuel services; and aircraft maintenance and modification services, including airframe modification and heavy maintenance, component repairs, engineering services, and aircraft line maintenance.