Air Transport Services Group, Inc. (NASDAQ:ATSG) Stock Position Reduced by First Eagle Investment Management LLC

First Eagle Investment Management LLC reduced its stake in Air Transport Services Group, Inc. (NASDAQ:ATSG - Free Report) by 21.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 409,126 shares of the transportation company's stock after selling 114,515 shares during the quarter. First Eagle Investment Management LLC owned about 0.62% of Air Transport Services Group worth $8,993,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in ATSG. Independence Bank of Kentucky purchased a new stake in shares of Air Transport Services Group in the fourth quarter valued at $33,000. AlphaQuest LLC increased its stake in Air Transport Services Group by 89.8% in the fourth quarter. AlphaQuest LLC now owns 2,634 shares of the transportation company's stock valued at $58,000 after purchasing an additional 1,246 shares during the last quarter. Meeder Asset Management Inc. increased its stake 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 purchasing an additional 3,471 shares during the last quarter. Intech Investment Management LLC acquired a new position in Air Transport Services Group in the third quarter valued at $197,000. Finally, Skandinaviska Enskilda Banken AB publ acquired a new position in Air Transport Services Group in the fourth quarter valued at $204,000. 91.81% of the stock is currently owned by hedge funds and other institutional investors.

Air Transport Services Group Stock Up 0.2 %

ATSG traded up $0.04 on Wednesday, reaching $22.35. The company's stock had a trading volume of 921,939 shares, compared to its average volume of 740,734. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of -558.61 and a beta of 0.79. Air Transport Services Group, Inc. has a 1 year low of $11.62 and a 1 year high of $22.38. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.81 and a quick ratio of 0.68. The business's 50 day moving average is $22.24 and its 200 day moving average is $20.12.

Remove Ads

Air Transport Services Group (NASDAQ:ATSG - Get Free Report) last released its earnings results on Monday, March 3rd. The transportation company reported $0.40 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $521.36 million. As a group, research analysts forecast that Air Transport Services Group, Inc. will post 0.83 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Air Transport Services Group in a research note on Thursday, March 13th. They issued 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 stock. Based on data from MarketBeat, Air Transport Services Group presently has an average rating of "Hold" and an average price target of $20.60.

Air Transport Services Group Company 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.