Alliancebernstein L.P. Reduces Stock Holdings in Air Transport Services Group, Inc. (NASDAQ:ATSG)

Alliancebernstein L.P. lessened its holdings in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) by 14.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,930 shares of the transportation company’s stock after selling 9,210 shares during the period. Alliancebernstein L.P. owned approximately 0.08% of Air Transport Services Group worth $1,207,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ATSG. Independence Bank of Kentucky acquired a new position in shares of Air Transport Services Group in the 4th quarter valued at about $33,000. AlphaQuest LLC lifted its holdings in Air Transport Services Group by 89.8% in the fourth quarter. AlphaQuest LLC now owns 2,634 shares of the transportation company’s stock valued at $58,000 after acquiring an additional 1,246 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in Air Transport Services Group in the 4th quarter worth approximately $99,000. Meeder Asset Management Inc. grew its stake in shares of Air Transport Services Group by 29.4% during the 4th quarter. Meeder Asset Management Inc. now owns 8,724 shares of the transportation company’s stock worth $192,000 after purchasing an additional 1,980 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Air Transport Services Group during the 4th quarter valued at approximately $204,000. 91.81% of the stock is currently owned by institutional investors and hedge funds.

Air Transport Services Group Price Performance

Shares of ATSG opened at $22.48 on Friday. The stock has a 50 day moving average price of $22.36 and a 200 day moving average price of $21.17. Air Transport Services Group, Inc. has a one year low of $11.69 and a one year high of $22.49. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.68 and a current ratio of 0.81. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of -561.86 and a beta of 0.89.

Air Transport Services Group (NASDAQ:ATSG) last released its earnings results on Monday, March 3rd. The transportation company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates 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 forecast that Air Transport Services Group, Inc. will post 0.83 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Air Transport Services Group in a report on Monday, April 14th. They issued a “hold” rating for the company. Four research 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 stock presently has an average rating of “Hold” and an average target price of $20.60.

Air Transport Services Group Company 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.