Proficio Capital Partners LLC Makes New $654,000 Investment in Air Transport Services Group, Inc. (NASDAQ:ATSG)

Proficio Capital Partners LLC bought a new stake in Air Transport Services Group, Inc. (NASDAQ:ATSG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 29,739 shares of the transportation company's stock, valued at approximately $654,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Independence Bank of Kentucky bought a new position in Air Transport Services Group during the fourth quarter worth $33,000. Peoples Bank OH bought a new position in shares of Air Transport Services Group during the 4th quarter worth about $216,000. Cetera Trust Company N.A grew its stake in shares of Air Transport Services Group by 6.6% in the 4th quarter. Cetera Trust Company N.A now owns 11,635 shares of the transportation company's stock valued at $256,000 after buying an additional 725 shares during the period. Intech Investment Management LLC bought a new stake in Air Transport Services Group in the 3rd quarter valued at about $197,000. Finally, Entropy Technologies LP acquired a new position in Air Transport Services Group during the 4th quarter worth approximately $286,000. 91.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Air Transport Services Group in a research note on Friday, March 21st. They issued a "hold" rating for the company. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $20.60.

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Air Transport Services Group Price Performance

NASDAQ ATSG traded up $0.10 during trading hours on Thursday, hitting $22.44. The company had a trading volume of 951,991 shares, compared to its average volume of 745,613. 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 firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of -560.86 and a beta of 0.79. Air Transport Services Group, Inc. has a 52 week low of $11.69 and a 52 week high of $22.45. The firm has a 50 day simple moving average of $22.26 and a 200 day simple moving average of $20.35.

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 EPS for the quarter, beating the consensus estimate 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 company had revenue of $1.96 billion during the quarter, compared to analysts' expectations of $521.36 million. Equities research analysts expect that Air Transport Services Group, Inc. will post 0.83 earnings per share 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.