EAM Investors LLC purchased a new position in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG – Get Rating) in the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 91,945 shares of the transportation company's stock, valued at approximately $3,076,000.
A number of other institutional investors have also recently bought and sold shares of the business. Advisor Group Holdings Inc. grew its stake in Air Transport Services Group by 4.7% during the fourth quarter. Advisor Group Holdings Inc. now owns 17,135 shares of the transportation company's stock valued at $503,000 after acquiring an additional 771 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new position in Air Transport Services Group in the 1st quarter worth approximately $45,000. Mercer Global Advisors Inc. ADV raised its holdings in Air Transport Services Group by 17.4% in the 1st quarter. Mercer Global Advisors Inc. ADV now owns 10,088 shares of the transportation company's stock worth $337,000 after acquiring an additional 1,496 shares during the last quarter. Rinkey Investments purchased a new stake in Air Transport Services Group during the 4th quarter valued at $42,000. Finally, Commonwealth Equity Services LLC increased its stake in shares of Air Transport Services Group by 6.7% in the 1st quarter. Commonwealth Equity Services LLC now owns 26,012 shares of the transportation company's stock worth $870,000 after purchasing an additional 1,633 shares in the last quarter. Institutional investors own 95.84% of the company's stock.
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Wall Street Analyst Weigh In
ATSG has been the topic of several 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. Cowen raised their price objective on Air Transport Services Group from $31.00 to $40.00 in a research note on Monday, May 9th. Finally, StockNews.com lowered shares of Air Transport Services Group from a "buy" rating to a "hold" rating in a research report on Saturday, June 18th.
Air Transport Services Group Stock Performance
Shares of Air Transport Services Group stock traded down $0.35 during trading hours on Tuesday, hitting $29.19. 1,893 shares of the company were exchanged, compared to its average volume of 222,578. The company has a current ratio of 1.19, a quick ratio of 1.02 and a debt-to-equity ratio of 0.96. Air Transport Services Group, Inc. has a 1 year low of $23.68 and a 1 year high of $34.54. The stock has a market capitalization of $2.17 billion, a price-to-earnings ratio of 11.23 and a beta of 0.56. The business has a 50-day moving average of $30.16 and a 200-day moving average of $30.50.
Air Transport Services Group (NASDAQ:ATSG – Get Rating) last announced its earnings results on Thursday, August 4th. The transportation company reported $0.59 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.09. Air Transport Services Group had a return on equity of 14.39% and a net margin of 11.01%. The firm had revenue of $510.00 million for the quarter, compared to analysts' expectations of $505.54 million. During the same quarter in the prior year, the firm earned $0.35 EPS. Air Transport Services Group's quarterly revenue was up 24.4% on a year-over-year basis. As a group, analysts expect 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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