Sei Investments Co. Reduces Holdings in Air Transport Services Group, Inc. (NASDAQ:ATSG)

Sei Investments Co. cut its stake in Air Transport Services Group, Inc. (NASDAQ:ATSG - Free Report) by 93.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,281 shares of the transportation company's stock after selling 188,530 shares during the quarter. Sei Investments Co.'s holdings in Air Transport Services Group were worth $292,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in ATSG. Independence Bank of Kentucky purchased a new position in shares of Air Transport Services Group during the 4th quarter valued at $33,000. AlphaQuest LLC grew its position in Air Transport Services Group by 89.8% during the fourth quarter. AlphaQuest LLC now owns 2,634 shares of the transportation company's stock worth $58,000 after buying an additional 1,246 shares in the last quarter. Skandinaviska Enskilda Banken AB publ bought a new position in Air Transport Services Group in the 4th quarter worth about $204,000. Peoples Bank OH purchased a new stake in shares of Air Transport Services Group in the 4th quarter valued at about $216,000. Finally, Cetera Trust Company N.A raised its holdings 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 acquiring an additional 725 shares in the last quarter. 91.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Air Transport Services Group in a research report on Monday. They set a "hold" rating on the stock. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $20.60.

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Air Transport Services Group Stock Performance

Shares of NASDAQ:ATSG remained flat at $22.48 on Tuesday. The company has a market cap of $1.48 billion, a price-to-earnings ratio of -561.86 and a beta of 0.89. The firm has a 50-day moving average of $22.34 and a 200 day moving average of $21.11. The company has a quick ratio of 0.68, a current ratio of 0.81 and a debt-to-equity ratio of 1.06. Air Transport Services Group, Inc. has a 12-month low of $11.69 and a 12-month high of $22.49.

Air Transport Services Group (NASDAQ:ATSG - Get Free Report) last announced its quarterly earnings results on Monday, March 3rd. The transportation company reported $0.40 EPS for the quarter, topping analysts' consensus estimates of $0.35 by $0.05. The business had revenue of $1.96 billion for 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%. Analysts expect that Air Transport Services Group, Inc. will post 0.83 earnings per share for the current year.

Air Transport Services Group 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.