Charles Schwab Investment Management Inc. Has $12.85 Million Stock Position in Air Transport Services Group, Inc. (NASDAQ:ATSG)

Charles Schwab Investment Management Inc. cut its stake in Air Transport Services Group, Inc. (NASDAQ:ATSG - Free Report) by 21.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 584,824 shares of the transportation company's stock after selling 156,312 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.89% of Air Transport Services Group worth $12,854,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rhumbline Advisers grew its stake in shares of Air Transport Services Group by 0.8% in the fourth quarter. Rhumbline Advisers now owns 83,623 shares of the transportation company's stock valued at $1,838,000 after buying an additional 686 shares in the last quarter. Cetera Trust Company N.A raised its stake in Air Transport Services Group by 6.6% during the fourth quarter. Cetera Trust Company N.A now owns 11,635 shares of the transportation company's stock valued at $256,000 after buying an additional 725 shares in the last quarter. Independence Bank of Kentucky acquired a new position in Air Transport Services Group in the fourth quarter worth $33,000. SG Americas Securities LLC lifted its holdings in Air Transport Services Group by 27.1% in the fourth quarter. SG Americas Securities LLC now owns 16,863 shares of the transportation company's stock worth $371,000 after acquiring an additional 3,597 shares during the last quarter. Finally, Oliver Luxxe Assets LLC boosted its position in Air Transport Services Group by 4.1% during the 4th quarter. Oliver Luxxe Assets LLC now owns 121,965 shares of the transportation company's stock valued at $2,681,000 after purchasing an additional 4,849 shares during the period. 91.81% of the stock is currently owned by institutional investors and hedge funds.

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Air Transport Services Group Price Performance

Air Transport Services Group stock remained flat at $22.34 during mid-day trading on Tuesday. 443,128 shares of the company's stock traded hands, compared to its average volume of 743,049. The firm's fifty day simple moving average is $22.26 and its two-hundred day simple moving average is $20.30. The firm has a market capitalization of $1.47 billion, a PE ratio of -558.36 and a beta of 0.79. 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 12-month low of $11.69 and a 12-month high of $22.38.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Air Transport Services Group in a research report on Friday. They issued a "hold" rating for the company. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, Air Transport Services Group presently has an average rating of "Hold" and a consensus price target of $20.60.

Air Transport Services Group 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.