Commonwealth of Pennsylvania Public School Empls Retrmt SYS Takes Position in Air Transport Services Group, Inc. (NASDAQ:ATSG)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Air Transport Services Group, Inc. (NASDAQ:ATSG - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 40,000 shares of the transportation company's stock, valued at approximately $879,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned approximately 0.06% of Air Transport Services Group at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Alpine Associates Management Inc. purchased a new stake in shares of Air Transport Services Group in the 4th quarter valued at approximately $31,377,000. State Street Corp grew its stake in shares of Air Transport Services Group by 1.1% in the 3rd quarter. State Street Corp now owns 1,258,673 shares of the transportation company's stock valued at $20,378,000 after purchasing an additional 13,880 shares during the last quarter. Alberta Investment Management Corp acquired a new position in Air Transport Services Group in the 4th quarter valued at $10,990,000. Versor Investments LP purchased a new position in Air Transport Services Group during the fourth quarter worth about $6,760,000. Finally, Picton Mahoney Asset Management purchased a new position in shares of Air Transport Services Group during the 4th quarter worth approximately $6,045,000. 91.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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Air Transport Services Group Stock Down 0.0 %

NASDAQ:ATSG traded down $0.01 on Friday, reaching $22.43. The stock had a trading volume of 539,286 shares, compared to its average volume of 765,051. Air Transport Services Group, Inc. has a 12-month low of $11.69 and a 12-month high of $22.45. The stock has a market cap of $1.48 billion, a P/E ratio of -560.61 and a beta of 0.79. The company has a current ratio of 0.81, a quick ratio of 0.68 and a debt-to-equity ratio of 1.06. The company has a 50-day moving average of $22.28 and a 200 day moving average of $20.47.

Air Transport Services Group (NASDAQ:ATSG - Get Free Report) last announced its quarterly 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 positive return on equity of 3.12% and a negative net margin of 0.12%. The business had revenue of $1.96 billion for 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.

About Air Transport Services Group

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.