Air Transport Services Group Inc. (NASDAQ:ATSG) Shares Bought by Nationwide Fund Advisors

Nationwide Fund Advisors boosted its holdings in shares of Air Transport Services Group Inc. (NASDAQ:ATSG) by 10.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 108,501 shares of the transportation company’s stock after buying an additional 10,046 shares during the period. Nationwide Fund Advisors owned approximately 0.18% of Air Transport Services Group worth $2,641,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Advisor Group Inc. boosted its stake in Air Transport Services Group by 21.4% during the 2nd quarter. Advisor Group Inc. now owns 6,895 shares of the transportation company’s stock valued at $150,000 after purchasing an additional 1,217 shares during the period. Pacad Investment Ltd. acquired a new position in Air Transport Services Group in the 2nd quarter valued at approximately $168,000. First Mercantile Trust Co. acquired a new position in Air Transport Services Group in the 2nd quarter valued at approximately $169,000. Bayesian Capital Management LP acquired a new position in Air Transport Services Group in the 2nd quarter valued at approximately $263,000. Finally, Legal & General Group Plc raised its holdings in Air Transport Services Group by 4.3% in the 2nd quarter. Legal & General Group Plc now owns 12,353 shares of the transportation company’s stock valued at $269,000 after acquiring an additional 510 shares in the last quarter. 90.47% of the stock is currently owned by hedge funds and other institutional investors.

Air Transport Services Group Inc. (NASDAQ:ATSG) traded up $0.62 during mid-day trading on Thursday, reaching $24.29. The company’s stock had a trading volume of 919,256 shares, compared to its average volume of 620,995. Air Transport Services Group Inc. has a 52-week low of $14.97 and a 52-week high of $26.75. The company has a market capitalization of $1,400.00, a price-to-earnings ratio of -19.28 and a beta of 1.97. The company has a current ratio of 0.97, a quick ratio of 0.87 and a debt-to-equity ratio of 1.62.

Air Transport Services Group (NASDAQ:ATSG) last released its quarterly earnings results on Monday, November 6th. The transportation company reported $0.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.01. Air Transport Services Group had a positive return on equity of 16.62% and a negative net margin of 7.77%. The firm had revenue of $254.10 million for the quarter, compared to the consensus estimate of $256.13 million. During the same quarter last year, the business posted $0.14 EPS. The company’s revenue for the quarter was up 31.5% on a year-over-year basis. sell-side analysts expect that Air Transport Services Group Inc. will post 0.86 earnings per share for the current year.

ATSG has been the subject of several recent research reports. Cowen set a $27.00 price target on Air Transport Services Group and gave the company a “buy” rating in a report on Friday, October 13th. Zacks Investment Research raised Air Transport Services Group from a “sell” rating to a “hold” rating in a report on Monday, October 16th. Stifel Nicolaus reaffirmed a “hold” rating and set a $22.00 price target (up from $20.00) on shares of Air Transport Services Group in a report on Tuesday, November 7th. Stephens reaffirmed an “overweight” rating and set a $29.00 price target (up from $27.00) on shares of Air Transport Services Group in a report on Tuesday, November 7th. Finally, ValuEngine lowered Air Transport Services Group from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Air Transport Services Group has an average rating of “Buy” and a consensus price target of $25.57.

In other news, CFO Quint O. Turner sold 6,750 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $23.98, for a total transaction of $161,865.00. Following the completion of the sale, the chief financial officer now owns 264,425 shares in the company, valued at $6,340,911.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Quint O. Turner sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $24.60, for a total value of $184,500.00. Following the sale, the chief financial officer now owns 247,573 shares of the company’s stock, valued at approximately $6,090,295.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,512 shares of company stock worth $776,023. 2.20% of the stock is owned by company insiders.

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Air Transport Services Group Company Profile

Air Transport Services Group, Inc (ATSG) is a holding company. The Company provides airline operations, aircraft leases, aircraft maintenance and other support services primarily to the cargo transportation and package delivery industries. It offers aircraft, crew, maintenance and insurance (ACMI) for specified cargo operations.

Institutional Ownership by Quarter for Air Transport Services Group (NASDAQ:ATSG)

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