Air Transport Services Group Inc. (NASDAQ:ATSG) Shares Bought by Deroy & Devereaux Private Investment Counsel Inc.

Deroy & Devereaux Private Investment Counsel Inc. lifted its holdings in shares of Air Transport Services Group Inc. (NASDAQ:ATSG) by 6.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 635,042 shares of the transportation company’s stock after purchasing an additional 38,778 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. owned about 1.07% of Air Transport Services Group worth $14,695,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ATSG. Advisor Group Inc. boosted its holdings in shares of Air Transport Services Group by 21.4% in 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 last quarter. SG Americas Securities LLC acquired a new position in shares of Air Transport Services Group during the 3rd quarter valued at $258,000. Prudential Financial Inc. acquired a new position in shares of Air Transport Services Group during the 3rd quarter valued at $262,000. Bayesian Capital Management LP acquired a new position in shares of Air Transport Services Group during the 2nd quarter valued at $263,000. Finally, Legal & General Group Plc lifted its holdings in shares of Air Transport Services Group by 4.3% during 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. 91.70% of the stock is owned by institutional investors and hedge funds.

Air Transport Services Group Inc. (ATSG) traded down $0.72 during midday trading on Wednesday, hitting $23.69. 334,316 shares of the company traded hands, compared to its average volume of 524,086. The company has a current ratio of 0.97, a quick ratio of 0.87 and a debt-to-equity ratio of 1.62. The company has a market cap of $1,489.26, a P/E ratio of -18.08 and a beta of 1.88. Air Transport Services Group Inc. has a fifty-two week low of $15.34 and a fifty-two week high of $27.67.

In related news, insider W Joseph Payne sold 7,500 shares of Air Transport Services Group stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $23.37, for a total transaction of $175,275.00. Following the transaction, the insider now owns 162,560 shares of the company’s stock, valued at approximately $3,799,027.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Quint O. Turner sold 6,750 shares of Air Transport Services Group 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 transaction, the chief financial officer now directly owns 264,425 shares in the company, valued at approximately $6,340,911.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,400 shares of company stock valued at $654,006. Insiders own 2.20% of the company’s stock.

ATSG has been the topic of several analyst reports. Zacks Investment Research raised shares of Air Transport Services Group from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Tuesday, January 9th. BidaskClub raised shares of Air Transport Services Group from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 25th. Stifel Nicolaus reaffirmed a “hold” rating and set a $22.00 price objective (up previously from $20.00) on shares of Air Transport Services Group in a research report on Tuesday, November 7th. Stephens reissued an “overweight” rating and set a $29.00 target price (up from $27.00) on shares of Air Transport Services Group in a research note on Tuesday, November 7th. Finally, ValuEngine lowered shares of Air Transport Services Group from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Air Transport Services Group has an average rating of “Buy” and an average target price of $25.57.

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Air Transport Services Group 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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