Proficio Capital Partners LLC Acquires New Position in Air Transport Services Group, Inc. (NASDAQ:ATSG)

Proficio Capital Partners LLC bought a new position in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 29,739 shares of the transportation company's stock, valued at approximately $654,000.

A number of other large investors have also modified their holdings of ATSG. State Street Corp boosted its position in 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 acquiring an additional 13,880 shares during the last quarter. Alberta Investment Management Corp acquired a new position in shares of Air Transport Services Group during the 4th quarter worth approximately $10,990,000. Versor Investments LP acquired a new position in shares of Air Transport Services Group during the 4th quarter worth approximately $6,760,000. New York Life Investment Management LLC purchased a new stake in shares of Air Transport Services Group in the fourth quarter valued at approximately $5,305,000. Finally, FMR LLC increased its holdings in shares of 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 purchasing an additional 91,521 shares during the last quarter. Hedge funds and other institutional investors own 91.81% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Air Transport Services Group in a report on Friday. They issued a "hold" rating for the company. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $20.60.

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Air Transport Services Group Trading Up 0.0 %

Air Transport Services Group stock traded up $0.01 during mid-day trading on Tuesday, hitting $22.35. The company's stock had a trading volume of 54,735 shares, compared to its average volume of 743,049. The stock's fifty day moving average is $22.26 and its two-hundred day moving average is $20.30. 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 firm has a market capitalization of $1.47 billion, a PE ratio of -558.49 and a beta of 0.79. Air Transport Services Group, Inc. has a 1 year low of $11.69 and a 1 year high of $22.38.

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, topping analysts' consensus estimates of $0.35 by $0.05. The business had revenue of $1.96 billion during the quarter, compared to analysts' expectations 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 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.