Sei Investments Co. Reduces Stake in Air Transport Services Group, Inc. (NASDAQ:ATSG)

Sei Investments Co. reduced its stake in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) by 93.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,281 shares of the transportation company’s stock after selling 188,530 shares during the quarter. Sei Investments Co.’s holdings in Air Transport Services Group were worth $292,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Independence Bank of Kentucky bought a new position in shares of Air Transport Services Group during the 4th quarter valued at approximately $33,000. AlphaQuest LLC boosted its stake in Air Transport Services Group by 89.8% during the fourth quarter. AlphaQuest LLC now owns 2,634 shares of the transportation company’s stock worth $58,000 after buying an additional 1,246 shares during the period. Skandinaviska Enskilda Banken AB publ bought a new position in Air Transport Services Group during the fourth quarter valued at $204,000. Peoples Bank OH purchased a new stake in shares of Air Transport Services Group in the fourth quarter valued at $216,000. Finally, Cetera Trust Company N.A lifted its holdings in shares of Air Transport Services Group by 6.6% in the 4th quarter. Cetera Trust Company N.A now owns 11,635 shares of the transportation company’s stock worth $256,000 after acquiring an additional 725 shares during the last quarter. 91.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Air Transport Services Group in a report on Sunday, April 6th. They set a “hold” rating on the stock. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $20.60.

Air Transport Services Group Stock Down 0.0 %

Shares of ATSG opened at $22.48 on Friday. The firm has a fifty day moving average price of $22.33 and a 200-day moving average price of $20.97. The company has a current ratio of 0.81, a quick ratio of 0.68 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $1.48 billion, a P/E ratio of -561.86 and a beta of 0.89. Air Transport Services Group, Inc. has a 12-month low of $11.69 and a 12-month high of $22.49.

Air Transport Services Group (NASDAQ:ATSG) last released its quarterly earnings data on Monday, March 3rd. The transportation company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.05. The company had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $521.36 million. Air Transport Services Group had a negative net margin of 0.12% and a positive return on equity of 3.12%. Equities research analysts expect that Air Transport Services Group, Inc. will post 0.83 earnings per share for the current year.

Air Transport Services Group Profile

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. It operates in two segments, Cargo Aircraft Management Inc (CAM) and ACMI Services. The company offers aircraft, flight crews, 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.