Capula Management Ltd purchased a new stake in Air Transport Services Group, Inc. (NASDAQ:ATSG - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 483,068 shares of the transportation company's stock, valued at approximately $10,618,000. Air Transport Services Group makes up approximately 0.1% of Capula Management Ltd's investment portfolio, making the stock its 19th biggest holding. Capula Management Ltd owned approximately 0.73% of Air Transport Services Group at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. American Century Companies Inc. grew its stake in shares of Air Transport Services Group by 3.3% in the fourth quarter. American Century Companies Inc. now owns 2,283,944 shares of the transportation company's stock valued at $50,201,000 after buying an additional 72,367 shares in the last quarter. Alpine Associates Management Inc. bought a new position in shares of Air Transport Services Group in the 4th quarter valued at about $31,377,000. FIL Ltd bought a new position in shares of Air Transport Services Group in the 4th quarter valued at about $31,146,000. State Street Corp increased its stake in shares of Air Transport Services Group by 1.1% during the 3rd quarter. State Street Corp now owns 1,258,673 shares of the transportation company's stock worth $20,378,000 after purchasing an additional 13,880 shares during the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC bought a new stake in shares of Air Transport Services Group in the 4th quarter valued at about $16,720,000. Institutional investors and hedge funds own 91.81% of the company's stock.
Air Transport Services Group Price Performance
Shares of NASDAQ ATSG remained flat at $22.48 during mid-day trading on Friday. The stock has a market cap of $1.48 billion, a P/E ratio of -561.86 and a beta of 0.89. 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 simple moving average is $22.34 and its 200 day simple moving average is $21.06. Air Transport Services Group, Inc. has a 12-month low of $11.69 and a 12-month high of $22.49.
Air Transport Services Group (NASDAQ:ATSG - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $521.36 million. On average, research analysts predict that Air Transport Services Group, Inc. will post 0.83 earnings per share for the current year.
Analysts Set New Price Targets
Separately, StockNews.com initiated coverage on Air Transport Services Group in a report on Sunday, April 6th. They set a "hold" rating for the company. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Air Transport Services Group currently has an average rating of "Hold" and an average price target of $20.60.
Read Our Latest Stock Analysis on ATSG
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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