American Century Companies Inc. raised its position in Air Transport Services Group, Inc. (NASDAQ:ATSG – Get Rating) by 39.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 343,397 shares of the transportation company's stock after purchasing an additional 97,335 shares during the quarter. American Century Companies Inc. owned 0.46% of Air Transport Services Group worth $11,487,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ATSG. Rinkey Investments purchased a new stake in Air Transport Services Group in the fourth quarter valued at approximately $42,000. Catalyst Capital Advisors LLC purchased a new stake in Air Transport Services Group in the first quarter valued at approximately $45,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Air Transport Services Group in the first quarter valued at approximately $192,000. Aldebaran Financial Inc. purchased a new stake in Air Transport Services Group in the fourth quarter valued at approximately $207,000. Finally, Los Angeles Capital Management LLC purchased a new stake in Air Transport Services Group in the first quarter valued at approximately $207,000. Hedge funds and other institutional investors own 95.84% of the company's stock.
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Air Transport Services Group Stock Performance
NASDAQ:ATSG opened at $29.86 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.19 and a debt-to-equity ratio of 0.96. The company has a fifty day simple moving average of $30.16 and a two-hundred day simple moving average of $30.50. The company has a market cap of $2.22 billion, a price-to-earnings ratio of 11.48 and a beta of 0.56. Air Transport Services Group, Inc. has a 52 week low of $23.68 and a 52 week high of $34.54.
Air Transport Services Group (NASDAQ:ATSG – Get Rating) last issued its earnings results on Thursday, August 4th. The transportation company reported $0.59 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.09. The firm had revenue of $510.00 million during the quarter, compared to the consensus estimate of $505.54 million. Air Transport Services Group had a net
margin of 11.01% and a return on equity of 14.39%. The company's revenue was up 24.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.35 earnings per share. As a group, equities analysts anticipate that Air Transport Services Group, Inc. will post 2.17 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
ATSG has been the topic of a number of research analyst reports. Cowen boosted their target price on Air Transport Services Group from $31.00 to $40.00 in a research report on Monday, May 9th. StockNews.com downgraded shares of Air Transport Services Group from a "buy" rating to a "hold" rating in a research note on Saturday, June 18th. Finally, Cowen boosted their price target on shares of Air Transport Services Group from $31.00 to $40.00 in a research note on Monday, May 9th.
About Air Transport Services Group
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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. The company offers aircraft, flight crews, aircraft maintenance, 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.
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