New York State Common Retirement Fund Sells 62,925 Shares of Air Transport Services Group, Inc. (NASDAQ:ATSG)

New York State Common Retirement Fund decreased its holdings in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG - Free Report) by 80.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,934 shares of the transportation company's stock after selling 62,925 shares during the quarter. New York State Common Retirement Fund's holdings in Air Transport Services Group were worth $328,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Rhumbline Advisers increased its stake in shares of Air Transport Services Group by 0.8% during the 4th quarter. Rhumbline Advisers now owns 83,623 shares of the transportation company's stock worth $1,838,000 after purchasing an additional 686 shares during the last quarter. Cetera Trust Company N.A increased its stake in shares of Air Transport Services Group by 6.6% during the 4th quarter. Cetera Trust Company N.A now owns 11,635 shares of the transportation company's stock worth $256,000 after purchasing an additional 725 shares during the last quarter. Independence Bank of Kentucky acquired a new position in Air Transport Services Group in the 4th quarter valued at $33,000. Creative Planning grew its stake in Air Transport Services Group by 33.2% in the 3rd quarter. Creative Planning now owns 13,384 shares of the transportation company's stock valued at $217,000 after buying an additional 3,338 shares during the last quarter. Finally, Meeder Asset Management Inc. grew its stake in Air Transport Services Group by 106.0% in the 3rd quarter. Meeder Asset Management Inc. now owns 6,744 shares of the transportation company's stock valued at $109,000 after buying an additional 3,471 shares during the last quarter. Institutional investors and hedge funds own 91.81% of the company's stock.

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Air Transport Services Group Price Performance

Air Transport Services Group stock remained flat at $22.29 during mid-day trading on Friday. 736,334 shares of the company's stock were exchanged, compared to its average volume of 945,898. The company has a current ratio of 0.81, a quick ratio of 0.68 and a debt-to-equity ratio of 1.06. Air Transport Services Group, Inc. has a 12-month low of $11.62 and a 12-month high of $22.38. The stock's 50 day simple moving average is $22.19 and its 200 day simple moving average is $19.76. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of -557.11 and a beta of 0.84.

Air Transport Services Group (NASDAQ:ATSG - Get Free Report) last issued its quarterly earnings results on Monday, March 3rd. The transportation company reported $0.40 earnings per share for the quarter, beating analysts' consensus estimates of $0.35 by $0.05. Air Transport Services Group had a negative net margin of 0.12% and a positive return on equity of 3.12%. The firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $521.36 million. On average, analysts predict that Air Transport Services Group, Inc. will post 0.83 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Air Transport Services Group in a research note on Wednesday. They issued a "hold" rating on the stock. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Air Transport Services Group currently has an average rating of "Hold" and a consensus 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.