Air Transport Services Group, Inc. (NASDAQ:ATSG) Position Lessened by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC reduced its stake in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG – Get Rating) by 5.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,613 shares of the transportation company’s stock after selling 1,375 shares during the period. Commonwealth Equity Services LLC’s holdings in Air Transport Services Group were worth $665,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. CenterBook Partners LP bought a new stake in shares of Air Transport Services Group during the third quarter valued at approximately $378,000. Triumph Capital Management lifted its stake in shares of Air Transport Services Group by 6.6% during the fourth quarter. Triumph Capital Management now owns 24,300 shares of the transportation company’s stock valued at $631,000 after acquiring an additional 1,500 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. lifted its stake in shares of Air Transport Services Group by 0.5% during the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 476,588 shares of the transportation company’s stock valued at $12,382,000 after acquiring an additional 2,357 shares during the period. MQS Management LLC acquired a new position in shares of Air Transport Services Group during the third quarter valued at $287,000. Finally, Altshuler Shaham Ltd acquired a new position in shares of Air Transport Services Group during the third quarter valued at $38,000. 95.77% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Jeffrey J. Vorholt purchased 1,250 shares of the business’s stock in a transaction dated Friday, March 10th. The shares were purchased at an average price of $20.80 per share, for a total transaction of $26,000.00. Following the completion of the acquisition, the director now directly owns 33,700 shares in the company, valued at approximately $700,960. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Air Transport Services Group news, Director Jeffrey J. Vorholt purchased 1,250 shares of the firm’s stock in a transaction on Friday, March 10th. The shares were acquired at an average cost of $20.80 per share, for a total transaction of $26,000.00. Following the completion of the transaction, the director now owns 33,700 shares of the company’s stock, valued at $700,960. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Raymond E. Johns, Jr. purchased 2,200 shares of the firm’s stock in a transaction on Thursday, May 18th. The stock was acquired at an average price of $16.49 per share, for a total transaction of $36,278.00. Following the completion of the transaction, the director now directly owns 23,543 shares of the company’s stock, valued at approximately $388,224.07. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 14,075 shares of company stock worth $267,120. 1.70% of the stock is currently owned by company insiders.

Air Transport Services Group Stock Up 0.5 %

Air Transport Services Group stock opened at $17.31 on Thursday. The firm has a 50 day simple moving average of $19.17 and a 200 day simple moving average of $23.68. The company has a current ratio of 1.18, a quick ratio of 1.01 and a debt-to-equity ratio of 1.09. Air Transport Services Group, Inc. has a 1-year low of $14.39 and a 1-year high of $34.00. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 8.88 and a beta of 0.76.

Air Transport Services Group (NASDAQ:ATSG – Get Rating) last issued its earnings results on Friday, May 5th. The transportation company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.11). Air Transport Services Group had a return on equity of 12.66% and a net margin of 8.20%. The business had revenue of $501.10 million during the quarter, compared to analysts’ expectations of $510.80 million. During the same quarter in the previous year, the business earned $0.56 EPS. Air Transport Services Group’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, analysts predict that Air Transport Services Group, Inc. will post 1.62 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on ATSG. StockNews.com began coverage on Air Transport Services Group in a report on Thursday, May 18th. They set a “hold” rating for the company. Stifel Nicolaus decreased their price objective on shares of Air Transport Services Group from $27.00 to $26.00 in a research note on Monday, May 8th. Truist Financial lowered their target price on Air Transport Services Group from $22.00 to $17.00 in a research note on Monday, May 8th. TheStreet downgraded shares of Air Transport Services Group from a “b-” rating to a “c+” rating in a report on Friday, March 24th. Finally, Susquehanna lowered their price target on shares of Air Transport Services Group from $25.00 to $18.00 in a report on Tuesday, May 9th.

About Air Transport Services Group

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Air Transport Services Group, Inc engages in the provision of airline operations, aircraft leases, aircraft maintenance, and other support services primarily to the cargo transportation and package delivery industries. It operates through the CAM and ACMI Services segments. The CAM segment consists of the company’s aircraft leasing operations.