13,066 Shares in Air Transport Services Group, Inc. (NASDAQ:ATSG) Acquired by Norges Bank

Norges Bank purchased a new position in shares of 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 firm purchased 13,066 shares of the transportation company's stock, valued at approximately $287,000.

Other institutional investors also recently bought and sold shares of the company. KLP Kapitalforvaltning AS purchased a new position in shares of Air Transport Services Group during the 4th quarter worth approximately $99,000. American Century Companies Inc. lifted its holdings in Air Transport Services Group by 3.3% in the fourth quarter. American Century Companies Inc. now owns 2,283,944 shares of the transportation company's stock valued at $50,201,000 after acquiring an additional 72,367 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Air Transport Services Group during the 4th quarter worth $879,000. Intech Investment Management LLC increased its holdings in shares of Air Transport Services Group by 60.6% in the 4th quarter. Intech Investment Management LLC now owns 19,504 shares of the transportation company's stock valued at $429,000 after purchasing an additional 7,359 shares in the last quarter. Finally, Picton Mahoney Asset Management acquired a new stake in shares of Air Transport Services Group in the fourth quarter valued at about $6,045,000. 91.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Air Transport Services Group in a report on Monday. They issued a "hold" rating for the company. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Air Transport Services Group presently has an average rating of "Hold" and an average price target of $20.60.

Air Transport Services Group Price Performance

ATSG remained flat at $22.48 during midday trading on Thursday. Air Transport Services Group, Inc. has a 12-month low of $11.69 and a 12-month high of $22.49. The company has a market cap of $1.48 billion, a PE 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. The company's fifty day simple moving average is $22.35 and its two-hundred day simple moving average is $21.13.

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, topping the consensus estimate of $0.35 by $0.05. The firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate 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%. On average, analysts anticipate that Air Transport Services Group, Inc. will post 0.83 EPS 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.