The Manufacturers Life Insurance Company Cuts Stock Position in Air Transport Services Group, Inc. (NASDAQ:ATSG)

The Manufacturers Life Insurance Company trimmed its holdings in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) by 3.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,992 shares of the transportation company’s stock after selling 698 shares during the period. The Manufacturers Life Insurance Company’s holdings in Air Transport Services Group were worth $417,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its position in shares of Air Transport Services Group by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,571,391 shares of the transportation company’s stock worth $78,500,000 after buying an additional 15,250 shares during the period. American Century Companies Inc. boosted its holdings in Air Transport Services Group by 3.3% in the 4th quarter. American Century Companies Inc. now owns 2,283,944 shares of the transportation company’s stock worth $50,201,000 after acquiring an additional 72,367 shares during the period. Alpine Associates Management Inc. purchased a new position in Air Transport Services Group in the 4th quarter worth approximately $31,377,000. FIL Ltd acquired a new stake in Air Transport Services Group in the fourth quarter valued at approximately $31,146,000. Finally, Grantham Mayo Van Otterloo & Co. LLC purchased a new stake in shares of Air Transport Services Group during the fourth quarter valued at approximately $16,720,000. 91.81% of the stock is currently owned by institutional investors and hedge funds.

Air Transport Services Group Price Performance

ATSG stock opened at $22.48 on Friday. The stock’s 50 day moving average is $22.44 and its two-hundred day moving average is $22.15. Air Transport Services Group, Inc. has a 52-week low of $11.69 and a 52-week high of $22.49. The company has a market capitalization of $1.48 billion, a PE ratio of -561.86 and a beta of 0.89. The company has a quick ratio of 0.68, a current ratio of 0.81 and a debt-to-equity ratio of 1.06.

Air Transport Services Group (NASDAQ:ATSG) last posted its quarterly earnings results 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 firm had revenue of $1.96 billion for 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%. Analysts predict that Air Transport Services Group, Inc. will post 0.83 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Air Transport Services Group in a research note on Friday. They issued a “hold” rating for the company.

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.