760,692 Shares in Air Transport Services Group, Inc. (NASDAQ:ATSG) Purchased by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC bought a new position in Air Transport Services Group, Inc. (NASDAQ:ATSG - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 760,692 shares of the transportation company's stock, valued at approximately $16,720,000. Grantham Mayo Van Otterloo & Co. LLC owned about 1.16% of Air Transport Services Group as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Independence Bank of Kentucky purchased a new position in Air Transport Services Group in the 4th quarter worth approximately $33,000. AlphaQuest LLC raised its stake in shares of Air Transport Services Group by 89.8% in the fourth quarter. AlphaQuest LLC now owns 2,634 shares of the transportation company's stock worth $58,000 after purchasing an additional 1,246 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Air Transport Services Group in the fourth quarter worth approximately $99,000. Meeder Asset Management Inc. boosted its stake in shares of Air Transport Services Group by 29.4% in the 4th quarter. Meeder Asset Management Inc. now owns 8,724 shares of the transportation company's stock worth $192,000 after buying an additional 1,980 shares during the last quarter. Finally, Intech Investment Management LLC bought a new stake in shares of Air Transport Services Group during the 3rd quarter valued at about $197,000. Institutional investors own 91.81% of the company's stock.

Air Transport Services Group Stock Down 0.0 %

NASDAQ ATSG traded down $0.01 during trading on Friday, hitting $22.49. The company's stock had a trading volume of 4,657,877 shares, compared to its average volume of 858,387. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.81 and a quick ratio of 0.68. Air Transport Services Group, Inc. has a fifty-two week low of $11.69 and a fifty-two week high of $22.49. The company has a market cap of $1.48 billion, a PE ratio of -561.98 and a beta of 0.89. The business's 50 day simple moving average is $22.33 and its 200-day simple moving average is $20.97.

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Air Transport Services Group (NASDAQ:ATSG - Get Free Report) last issued its earnings results on Monday, March 3rd. The transportation company reported $0.40 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 firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $521.36 million. On average, equities analysts anticipate that Air Transport Services Group, Inc. will post 0.83 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Air Transport Services Group in a report on Sunday, April 6th. They issued a "hold" rating for the company. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, Air Transport Services Group has a consensus rating of "Hold" and an average 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.