Vanguard Group Inc. Reduces Position in Air Transport Services Group, Inc. (NASDAQ:ATSG)

Vanguard Group Inc. reduced its position in Air Transport Services Group, Inc. (NASDAQ:ATSG - Free Report) by 2.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,861,278 shares of the transportation company's stock after selling 136,494 shares during the period. Vanguard Group Inc. owned about 8.91% of Air Transport Services Group worth $128,831,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ATSG. Independence Bank of Kentucky purchased a new position in shares of Air Transport Services Group in the fourth quarter worth $33,000. AlphaQuest LLC raised its position in Air Transport Services Group by 89.8% in the 4th quarter. AlphaQuest LLC now owns 2,634 shares of the transportation company's stock worth $58,000 after buying an additional 1,246 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in Air Transport Services Group during the 4th quarter valued at about $99,000. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of Air Transport Services Group during the 4th quarter valued at about $204,000. Finally, Peoples Bank OH bought a new stake in shares of Air Transport Services Group in the fourth quarter worth approximately $216,000. 91.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Air Transport Services Group in a report on Sunday, April 6th. They set a "hold" rating on the stock. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from 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 Stock Performance

Shares of NASDAQ ATSG remained flat at $22.48 during midday trading on Friday. 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 fifty-two week low of $11.69 and a fifty-two week high of $22.49. The business has a 50-day moving average price of $22.34 and a 200-day moving average price of $21.06. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of -561.86 and a beta of 0.89.

Air Transport Services Group (NASDAQ:ATSG - Get Free Report) last released 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. The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate 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%. Sell-side analysts forecast that Air Transport Services Group, Inc. will post 0.83 EPS for the current fiscal year.

Air Transport Services Group Company 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.