IPG Investment Advisors LLC Has $5.70 Million Position in Air Transport Services Group, Inc. (NASDAQ:ATSG)

IPG Investment Advisors LLC decreased its stake in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG - Free Report) by 82.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 259,302 shares of the transportation company's stock after selling 1,231,422 shares during the quarter. Air Transport Services Group accounts for about 1.3% of IPG Investment Advisors LLC's investment portfolio, making the stock its 22nd biggest position. IPG Investment Advisors LLC owned about 0.39% of Air Transport Services Group worth $5,699,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its stake in shares of Air Transport Services Group by 3.3% in the 4th quarter. American Century Companies Inc. now owns 2,283,944 shares of the transportation company's stock valued at $50,201,000 after purchasing an additional 72,367 shares in the last quarter. Alpine Associates Management Inc. bought a new stake in Air Transport Services Group during the fourth quarter worth about $31,377,000. State Street Corp increased its holdings in shares of Air Transport Services Group by 1.1% during the third quarter. State Street Corp now owns 1,258,673 shares of the transportation company's stock worth $20,378,000 after buying an additional 13,880 shares in the last quarter. Alberta Investment Management Corp bought a new position in shares of Air Transport Services Group in the fourth quarter valued at approximately $10,990,000. Finally, Versor Investments LP acquired a new position in shares of Air Transport Services Group in the 4th quarter worth approximately $6,760,000. Institutional investors and hedge funds own 91.81% of the company's stock.

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Analyst Ratings Changes

Separately, StockNews.com started coverage on Air Transport Services Group in a research report on Saturday, March 29th. They issued a "hold" rating on the stock. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $20.60.

Air Transport Services Group Stock Down 0.1 %

Shares of NASDAQ:ATSG traded down $0.03 during trading on Thursday, hitting $22.41. 1,334,181 shares of the company's stock traded hands, compared to its average volume of 771,709. 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 price of $22.30 and a 200-day moving average price of $20.63. Air Transport Services Group, Inc. has a 52 week low of $11.69 and a 52 week high of $22.85. The company has a market cap of $1.48 billion, a price-to-earnings ratio of -560.11 and a beta of 0.88.

Air Transport Services Group (NASDAQ:ATSG - Get Free Report) last released its quarterly earnings results on Monday, March 3rd. The transportation company reported $0.40 earnings per share 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 analysts' expectations of $521.36 million. Air Transport Services Group had a negative net margin of 0.12% and a positive return on equity of 3.12%. As a group, research analysts forecast that Air Transport Services Group, Inc. will post 0.83 EPS for the current fiscal year.

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.