FIL Ltd Invests $31.15 Million in Air Transport Services Group, Inc. (NASDAQ:ATSG)

FIL Ltd bought a new position in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,417,000 shares of the transportation company's stock, valued at approximately $31,146,000. FIL Ltd owned 2.15% of Air Transport Services Group as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ATSG. Independence Bank of Kentucky bought a new stake in shares of Air Transport Services Group during the 4th quarter worth $33,000. AlphaQuest LLC boosted its holdings in Air Transport Services Group by 89.8% during the fourth quarter. AlphaQuest LLC now owns 2,634 shares of the transportation company's stock valued at $58,000 after acquiring an additional 1,246 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of Air Transport Services Group in the fourth quarter valued at about $99,000. Meeder Asset Management Inc. increased its stake in shares of Air Transport Services Group by 29.4% in the fourth quarter. Meeder Asset Management Inc. now owns 8,724 shares of the transportation company's stock worth $192,000 after purchasing an additional 1,980 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ acquired a new position in shares of Air Transport Services Group during the 4th quarter worth about $204,000. Institutional investors and hedge funds own 91.81% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Air Transport Services Group in a report on Monday. They issued a "hold" rating on the stock. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, Air Transport Services Group currently has an average rating of "Hold" and an average target price of $20.60.

Air Transport Services Group Price Performance

Shares of NASDAQ ATSG remained flat at $22.48 during mid-day trading on Wednesday. The business's 50 day moving average is $22.35 and its 200 day moving average is $21.12. Air Transport Services Group, Inc. has a 52-week low of $11.69 and a 52-week high of $22.49. The company has a quick ratio of 0.68, a current ratio of 0.81 and a debt-to-equity ratio of 1.06. The stock has a market cap of $1.48 billion, a PE ratio of -561.86 and a beta of 0.89.

Air Transport Services Group (NASDAQ:ATSG - Get Free Report) last released its quarterly earnings data on Monday, March 3rd. The transportation company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.35 by $0.05. The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate 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, research analysts anticipate that Air Transport Services Group, Inc. will post 0.83 earnings per share for the current fiscal year.

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.