Raymond James Financial Inc. Invests $5.36 Million in Air Transport Services Group, Inc. (NASDAQ:ATSG)

Raymond James Financial Inc. acquired a new stake in shares of 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 & Exchange Commission. The institutional investor acquired 243,678 shares of the transportation company's stock, valued at approximately $5,356,000. Raymond James Financial Inc. owned approximately 0.37% of Air Transport Services Group as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Independence Bank of Kentucky acquired a new stake in shares of Air Transport Services Group during the 4th quarter valued at approximately $33,000. Peoples Bank OH acquired a new stake in shares of Air Transport Services Group during the fourth quarter worth $216,000. Cetera Trust Company N.A raised its holdings in shares of Air Transport Services Group by 6.6% during the fourth 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 period. Intech Investment Management LLC bought a new position in shares of Air Transport Services Group in the 3rd quarter worth about $197,000. Finally, Entropy Technologies LP acquired a new position in shares of Air Transport Services Group in the 4th quarter valued at about $286,000. Institutional investors own 91.81% of the company's stock.

Air Transport Services Group Stock Performance

Shares of Air Transport Services Group stock traded down $0.01 during trading on Friday, hitting $22.43. 539,286 shares of the stock were exchanged, compared to its average volume of 765,051. 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, Inc. has a 12 month low of $11.69 and a 12 month high of $22.45. The stock's fifty day moving average is $22.28 and its 200 day moving average is $20.47. The stock has a market cap of $1.48 billion, a PE ratio of -560.61 and a beta of 0.79.

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Air Transport Services Group (NASDAQ:ATSG - Get Free Report) last posted its earnings results on Monday, March 3rd. The transportation company reported $0.40 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 analysts' expectations of $521.36 million. Air Transport Services Group had a negative net margin of 0.12% and a positive return on equity of 3.12%. As a group, sell-side analysts anticipate that Air Transport Services Group, Inc. will post 0.83 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Air Transport Services Group in a report on Saturday. 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's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $20.60.

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.