ProShare Advisors LLC decreased its position in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG – Get Rating) by 14.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,067 shares of the transportation company's stock after selling 1,832 shares during the period. ProShare Advisors LLC's holdings in Air Transport Services Group were worth $370,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of ATSG. Advisor Group Holdings Inc. raised its position in Air Transport Services Group by 4.7% in the 4th quarter. Advisor Group Holdings Inc. now owns 17,135 shares of the transportation company's stock valued at $503,000 after purchasing an additional 771 shares in the last quarter. Victory Capital Management Inc. raised its position in Air Transport Services Group by 30.4% in the 4th quarter. Victory Capital Management Inc. now owns 21,964 shares of the transportation company's stock valued at $645,000 after purchasing an additional 5,116 shares in the last quarter. First Trust Advisors LP raised its position in Air Transport Services Group by 532.5% in the 4th quarter. First Trust Advisors LP now owns 139,930 shares of the transportation company's stock valued at $4,111,000 after purchasing an additional 117,806 shares in the last quarter. Bank of America Corp DE raised its position in Air Transport Services Group by 7.7% in the 4th quarter. Bank of America Corp DE now owns 960,425 shares of the transportation company's stock valued at $28,216,000 after purchasing an additional 69,048 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Air Transport Services Group by 2.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,553,187 shares of the transportation company's stock valued at $75,010,000 after purchasing an additional 59,975 shares in the last quarter. Institutional investors and hedge funds own 95.84% of the company's stock.
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Wall Street Analysts Forecast Growth
ATSG has been the topic of a number of analyst reports. StockNews.com lowered Air Transport Services Group from a "buy" rating to a "hold" rating in a research report on Saturday, June 18th. Cowen raised their target price on Air Transport Services Group from $31.00 to $40.00 in a research report on Monday, May 9th. Finally, Cowen raised their target price on Air Transport Services Group from $31.00 to $40.00 in a research report on Monday, May 9th.
Air Transport Services Group Price Performance
Shares of NASDAQ ATSG opened at $29.54 on Monday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.02 and a current ratio of 1.19. Air Transport Services Group, Inc. has a fifty-two week low of $23.68 and a fifty-two week high of $34.54. The firm has a market capitalization of $2.20 billion, a PE ratio of 11.36 and a beta of 0.56. The stock's 50-day simple moving average is $30.16 and its 200-day simple moving average is $30.50.
Air Transport Services Group (NASDAQ:ATSG – Get Rating) last released its quarterly earnings results on Thursday, August 4th. The transportation company reported $0.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.09. The firm had revenue of $510.00 million for the quarter, compared to the consensus estimate of $505.54 million. Air Transport Services Group had a return on equity of 14.39% and a net margin of 11.01%. The firm's quarterly revenue was up 24.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.35 EPS. As a group, equities research analysts forecast that Air Transport Services Group, Inc. will post 2.17 EPS for the current fiscal year.
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.
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