Swiss National Bank lifted its holdings in Air Transport Services Group, Inc. (NASDAQ:ATSG – Get Rating) by 7.1% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 43,850 shares of the transportation company's stock after acquiring an additional 2,900 shares during the quarter. Swiss National Bank owned 0.06% of Air Transport Services Group worth $1,467,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in ATSG. Rinkey Investments bought a new stake in Air Transport Services Group in the fourth quarter worth $42,000. Los Angeles Capital Management LLC purchased a new stake in Air Transport Services Group during the 1st quarter valued at about $207,000. Aldebaran Financial Inc. bought a new position in Air Transport Services Group during the 4th quarter worth approximately $207,000. Harbor Advisors LLC purchased a new position in Air Transport Services Group in the 4th quarter worth approximately $212,000. Finally, Mutual Advisors LLC purchased a new position in Air Transport Services Group in the 1st quarter worth approximately $261,000. Hedge funds and other institutional investors own 95.84% of the company's stock.
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Air Transport Services Group Price Performance
Shares of Air Transport Services Group stock opened at $29.54 on Friday. The business has a 50 day moving average of $30.16 and a 200 day moving average of $30.50. Air Transport Services Group, Inc. has a 52 week low of $23.68 and a 52 week high of $34.54. The company has a market cap of $2.20 billion, a PE ratio of 11.36 and a beta of 0.56. The company has a quick ratio of 1.02, a current ratio of 1.19 and a debt-to-equity ratio of 0.96.
Air Transport Services Group (NASDAQ:ATSG – Get Rating) last issued its quarterly earnings data on Thursday, August 4th. The transportation company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.50 by $0.09. The business had revenue of $510.00 million during the quarter, compared to analyst estimates 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 for the quarter was up 24.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.35 EPS. As a group, equities research analysts forecast that Air Transport Services Group, Inc. will post 2.17 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the stock. Cowen raised their target price on shares of Air Transport Services Group from $31.00 to $40.00 in a report on Monday, May 9th. Cowen boosted their price objective on shares of Air Transport Services Group from $31.00 to $40.00 in a research report on Monday, May 9th. Finally, StockNews.com lowered shares of Air Transport Services Group from a "buy" rating to a "hold" rating in a report on Saturday, June 18th.
Air Transport Services Group Company Profile
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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.
Further Reading
- Get a free copy of the StockNews.com research report on Air Transport Services Group (ATSG)
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