Burren Capital Advisors Ltd purchased a new stake in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 53,768 shares of the transportation company's stock, valued at approximately $1,182,000. Air Transport Services Group makes up about 5.7% of Burren Capital Advisors Ltd's investment portfolio, making the stock its 9th biggest position. Burren Capital Advisors Ltd owned approximately 0.08% of Air Transport Services Group as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Independence Bank of Kentucky acquired a new position in Air Transport Services Group during the 4th quarter worth about $33,000. Meeder Asset Management Inc. boosted its holdings in Air Transport Services Group by 106.0% in the third quarter. Meeder Asset Management Inc. now owns 6,744 shares of the transportation company's stock valued at $109,000 after acquiring an additional 3,471 shares during the last quarter. Intech Investment Management LLC acquired a new stake in Air Transport Services Group during the 3rd quarter valued at approximately $197,000. Peoples Bank OH bought a new position in Air Transport Services Group during the 4th quarter worth approximately $216,000. Finally, Creative Planning lifted its position in shares of Air Transport Services Group by 33.2% in the 3rd quarter. Creative Planning now owns 13,384 shares of the transportation company's stock worth $217,000 after purchasing an additional 3,338 shares during the period. 91.81% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Separately, StockNews.com began coverage on shares of Air Transport Services Group in a research report on Wednesday, March 5th. They set a "hold" rating for the company. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $20.60.
Check Out Our Latest Report on ATSG
Air Transport Services Group Trading Up 0.1 %
Shares of Air Transport Services Group stock traded up $0.02 on Wednesday, reaching $22.31. 1,030,345 shares of the company's stock were exchanged, compared to its average volume of 957,101. The company has a market capitalization of $1.47 billion, a P/E ratio of -557.61 and a beta of 0.79. Air Transport Services Group, Inc. has a 52 week low of $11.62 and a 52 week high of $22.38. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.68 and a current ratio of 0.81. The firm's 50-day moving average is $22.20 and its two-hundred day moving average is $19.91.
Air Transport Services Group (NASDAQ:ATSG - Get Free Report) last issued its earnings results on Monday, March 3rd. The transportation company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.05. Air Transport Services Group had a negative net margin of 0.12% and a positive return on equity of 3.12%. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $521.36 million. Sell-side analysts predict that Air Transport Services Group, Inc. will post 0.83 EPS for the current fiscal year.
About Air Transport Services Group
(
Free Report)
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.
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