Deutsche Bank AG Raises Stock Position in Air Transport Services Group, Inc. (NASDAQ:ATSG)

Deutsche Bank AG grew its holdings in Air Transport Services Group, Inc. (NASDAQ:ATSG) by 236.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 102,072 shares of the transportation company’s stock after acquiring an additional 71,715 shares during the period. Deutsche Bank AG owned about 0.16% of Air Transport Services Group worth $2,244,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. Alpine Associates Management Inc. purchased a new stake in shares of Air Transport Services Group during the fourth quarter worth about $31,377,000. FIL Ltd bought a new position in Air Transport Services Group in the 4th quarter worth approximately $31,146,000. TIG Advisors LLC purchased a new stake in Air Transport Services Group during the 4th quarter valued at approximately $29,290,000. Nexpoint Asset Management L.P. bought a new stake in shares of Air Transport Services Group during the fourth quarter valued at approximately $22,907,000. Finally, Grantham Mayo Van Otterloo & Co. LLC bought 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 hedge funds and other institutional investors.

Air Transport Services Group Price Performance

NASDAQ:ATSG opened at $22.48 on Friday. 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 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. The business’s 50-day moving average is $22.45 and its 200 day moving average is $22.23.

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

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen started coverage on shares of Air Transport Services Group in a research report on Friday, May 16th. They set a “hold” rating for the company.

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.