Kennedy Capital Management LLC Sells 143,371 Shares of Air Transport Services Group, Inc. (NASDAQ:ATSG)

Kennedy Capital Management LLC cut its holdings in Air Transport Services Group, Inc. (NASDAQ:ATSG - Free Report) by 39.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 224,478 shares of the transportation company's stock after selling 143,371 shares during the quarter. Kennedy Capital Management LLC owned approximately 0.34% of Air Transport Services Group worth $4,934,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ATSG. FMR LLC boosted its holdings in Air Transport Services Group by 74.9% in the third quarter. FMR LLC now owns 213,730 shares of the transportation company's stock valued at $3,460,000 after acquiring an additional 91,521 shares during the last quarter. State Street Corp boosted 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. XTX Topco Ltd acquired a new stake in shares of Air Transport Services Group during the 3rd quarter worth approximately $269,000. Barclays PLC raised its stake in shares of Air Transport Services Group by 247.7% during the third quarter. Barclays PLC now owns 72,934 shares of the transportation company's stock worth $1,180,000 after buying an additional 51,955 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in Air Transport Services Group by 31.2% in the third quarter. Franklin Resources Inc. now owns 26,645 shares of the transportation company's stock valued at $434,000 after buying an additional 6,334 shares during the period. Institutional investors and hedge funds own 91.81% of the company's stock.

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Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Air Transport Services Group in a research note on Monday. They set a "hold" rating for the company. 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 data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $20.60.

Air Transport Services Group Stock Performance

ATSG stock remained flat at $22.48 during midday trading on Tuesday. Air Transport Services Group, Inc. has a 52-week low of $11.69 and a 52-week high of $22.49. The firm's fifty day moving average is $22.34 and its two-hundred day moving average is $21.11. The stock has a market cap of $1.48 billion, a P/E ratio of -561.86 and a beta of 0.89. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.68 and a current ratio of 0.81.

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