Trexquant Investment LP Takes Position in Air Transport Services Group Inc. (ATSG)

Trexquant Investment LP acquired a new stake in Air Transport Services Group Inc. (NASDAQ:ATSG) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 41,745 shares of the transportation company’s stock, valued at approximately $973,000. Trexquant Investment LP owned approximately 0.07% of Air Transport Services Group as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Air Transport Services Group by 0.8% in the 4th quarter. BlackRock Inc. now owns 3,331,539 shares of the transportation company’s stock valued at $77,091,000 after buying an additional 26,086 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Air Transport Services Group by 11.1% in the 4th quarter. Victory Capital Management Inc. now owns 2,422,271 shares of the transportation company’s stock valued at $56,051,000 after buying an additional 241,320 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Air Transport Services Group by 2,229.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,989,992 shares of the transportation company’s stock valued at $46,048,000 after buying an additional 1,904,566 shares in the last quarter. Hodges Capital Management Inc. increased its position in shares of Air Transport Services Group by 2.8% during the 4th quarter. Hodges Capital Management Inc. now owns 934,000 shares of the transportation company’s stock worth $21,613,000 after purchasing an additional 25,385 shares in the last quarter. Finally, Rice Hall James & Associates LLC increased its position in shares of Air Transport Services Group by 41.1% during the 4th quarter. Rice Hall James & Associates LLC now owns 811,725 shares of the transportation company’s stock worth $18,783,000 after purchasing an additional 236,637 shares in the last quarter. Institutional investors own 86.39% of the company’s stock.

A number of equities research analysts recently issued reports on ATSG shares. TheStreet upgraded shares of Air Transport Services Group from a “c” rating to a “b” rating in a research report on Wednesday, February 28th. ValuEngine upgraded shares of Air Transport Services Group from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Imperial Capital reiterated an “in-line” rating and set a $26.00 target price (up previously from $23.00) on shares of Air Transport Services Group in a research report on Thursday, March 1st. BidaskClub upgraded shares of Air Transport Services Group from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 25th. Finally, Cowen increased their target price on shares of Air Transport Services Group from $27.00 to $30.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 28th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $27.33.

Shares of NASDAQ:ATSG opened at $21.81 on Tuesday. Air Transport Services Group Inc. has a 12 month low of $21.67 and a 12 month high of $22.03. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.99 and a current ratio of 1.12. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 24.23 and a beta of 1.85.

Air Transport Services Group (NASDAQ:ATSG) last issued its quarterly earnings data on Tuesday, May 8th. The transportation company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.13. Air Transport Services Group had a net margin of 2.36% and a return on equity of 21.26%. The firm had revenue of $257.40 million for the quarter, compared to analyst estimates of $244.15 million. During the same quarter in the prior year, the firm earned $0.17 EPS. The company’s revenue was up 8.2% on a year-over-year basis. analysts expect that Air Transport Services Group Inc. will post 1.26 earnings per share for the current fiscal year.

Air Transport Services Group declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, February 27th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the transportation company to buy shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

In other news, insider W Joseph Payne sold 7,500 shares of the firm’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $26.09, for a total value of $195,675.00. Following the transaction, the insider now owns 155,060 shares of the company’s stock, valued at approximately $4,045,515.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Quint O. Turner sold 3,500 shares of the firm’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $24.68, for a total transaction of $86,380.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 30,739 shares of company stock worth $763,097. Insiders own 2.10% of the company’s stock.

Air Transport Services Group Company Profile

Air Transport Services Group, Inc, through its subsidiaries, operates in the airfreight and logistics industry. The company owns and leases cargo aircraft to airlines and other customers. It also provides airline operations to delivery companies, airlines, freight forwarders, and the U.S. Military, as well as operates charter agreements.

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

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