Triumph Capital Management Sells 12,000 Shares of Air Transport Services Group, Inc. (NASDAQ:ATSG)

Triumph Capital Management lessened its position in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) by 51.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,300 shares of the transportation company’s stock after selling 12,000 shares during the quarter. Triumph Capital Management’s holdings in Air Transport Services Group were worth $248,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of ATSG. Cetera Trust Company N.A raised its stake in shares of Air Transport Services Group by 6.6% during 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 in the last quarter. SG Americas Securities LLC raised its stake in shares of Air Transport Services Group by 27.1% during the 4th quarter. SG Americas Securities LLC now owns 16,863 shares of the transportation company’s stock worth $371,000 after acquiring an additional 3,597 shares in the last quarter. Independence Bank of Kentucky bought a new position in shares of Air Transport Services Group during the 4th quarter worth approximately $33,000. Entropy Technologies LP bought a new position in shares of Air Transport Services Group during the 4th quarter worth approximately $286,000. Finally, Rhumbline Advisers grew its position in Air Transport Services Group by 0.8% during the 4th quarter. Rhumbline Advisers now owns 83,623 shares of the transportation company’s stock worth $1,838,000 after purchasing an additional 686 shares during the last quarter. Institutional investors own 91.81% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Air Transport Services Group in a research report on Friday. They set a “hold” rating on the stock.

Air Transport Services Group Price Performance

NASDAQ:ATSG opened at $22.48 on Friday. The company has a market cap of $1.48 billion, a PE ratio of -561.86 and a beta of 0.89. Air Transport Services Group, Inc. has a twelve month low of $11.69 and a twelve month high of $22.49. 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 company’s 50 day moving average is $22.44 and its two-hundred day moving average is $22.15.

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 the consensus estimate of $0.35 by $0.05. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate 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 anticipate that Air Transport Services Group, Inc. will post 0.83 EPS for the current year.

About Air Transport Services Group

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.