Arrowstreet Capital Limited Partnership Sells 259,335 Shares of Air Transport Services Group, Inc. (NASDAQ:ATSG)

Arrowstreet Capital Limited Partnership decreased its position in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG - Free Report) by 37.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 428,761 shares of the transportation company's stock after selling 259,335 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.65% of Air Transport Services Group worth $9,424,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of ATSG. Independence Bank of Kentucky acquired a new stake in Air Transport Services Group in the fourth quarter worth $33,000. AlphaQuest LLC increased its position in shares of Air Transport Services Group by 89.8% in the 4th quarter. AlphaQuest LLC now owns 2,634 shares of the transportation company's stock valued at $58,000 after buying an additional 1,246 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Air Transport Services Group during the 4th quarter worth $99,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in Air Transport Services Group during the 4th quarter worth $204,000. Finally, Peoples Bank OH bought a new position in Air Transport Services Group during the fourth quarter worth about $216,000. Institutional investors own 91.81% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Air Transport Services Group in a report on Sunday, April 6th. They issued a "hold" rating for the company. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, Air Transport Services Group has an average rating of "Hold" and an average price target of $20.60.

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Air Transport Services Group Stock Down 0.0 %

ATSG traded down $0.01 during trading on Friday, hitting $22.49. The company had a trading volume of 4,657,800 shares, compared to its average volume of 860,510. The company has a market capitalization of $1.48 billion, a PE ratio of -561.98 and a beta of 0.89. The company has a quick ratio of 0.68, a current ratio of 0.81 and a debt-to-equity ratio of 1.06. Air Transport Services Group, Inc. has a one year low of $11.69 and a one year high of $22.49. The firm's 50-day moving average price is $22.33 and its 200 day moving average price is $20.97.

Air Transport Services Group (NASDAQ:ATSG - Get Free Report) last issued 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 positive return on equity of 3.12% and a negative net margin of 0.12%. As a group, equities analysts expect that Air Transport Services Group, Inc. will post 0.83 earnings per share for the current year.

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.