Tudor Investment Corp ET AL Buys 206 Shares of Air Transport Services Group, Inc (ATSG)

Tudor Investment Corp ET AL increased its stake in Air Transport Services Group, Inc (NASDAQ:ATSG) by 1.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,208 shares of the transportation company’s stock after acquiring an additional 206 shares during the period. Tudor Investment Corp ET AL’s holdings in Air Transport Services Group were worth $397,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ATSG. FMR LLC lifted its stake in shares of Air Transport Services Group by 79.2% in the 1st quarter. FMR LLC now owns 3,135,356 shares of the transportation company’s stock valued at $50,323,000 after acquiring an additional 1,386,101 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Air Transport Services Group by 16,471.6% in the 2nd quarter. Victory Capital Management Inc. now owns 1,141,285 shares of the transportation company’s stock valued at $24,857,000 after acquiring an additional 1,134,398 shares during the last quarter. Hodges Capital Management Inc. bought a new stake in shares of Air Transport Services Group in the 2nd quarter valued at about $14,497,000. Vanguard Group Inc. lifted its stake in shares of Air Transport Services Group by 6.1% in the 2nd quarter. Vanguard Group Inc. now owns 4,295,754 shares of the transportation company’s stock valued at $93,562,000 after acquiring an additional 245,120 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Air Transport Services Group by 68.4% in the 1st quarter. Bank of New York Mellon Corp now owns 551,768 shares of the transportation company’s stock valued at $8,856,000 after acquiring an additional 224,067 shares during the last quarter. 88.07% of the stock is owned by institutional investors.

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Air Transport Services Group (NASDAQ:ATSG) last issued its earnings results on Monday, August 7th. The transportation company reported $0.21 EPS for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.02. The business had revenue of $253.21 million for the quarter, compared to analyst estimates of $235.69 million. Air Transport Services Group had a negative net margin of 4.42% and a positive return on equity of 14.27%. The company’s quarterly revenue was up 43.4% compared to the same quarter last year. During the same period last year, the company posted $0.13 earnings per share.

ATSG has been the subject of a number of recent research reports. Zacks Investment Research lowered Air Transport Services Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 17th. Stifel Nicolaus reissued a “hold” rating and issued a $20.00 target price on shares of Air Transport Services Group in a research note on Friday, August 4th. Cowen and Company reissued an “outperform” rating and issued a $27.00 target price (up previously from $25.00) on shares of Air Transport Services Group in a research note on Thursday, August 10th. BidaskClub lowered Air Transport Services Group from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Finally, TheStreet lowered Air Transport Services Group from a “b+” rating to a “c+” rating in a research note on Monday, August 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $23.13.

In other news, Director Richard M. Baudouin sold 8,100 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $21.71, for a total transaction of $175,851.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider W Joseph Payne sold 7,500 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $24.20, for a total transaction of $181,500.00. Following the transaction, the insider now directly owns 177,952 shares in the company, valued at $4,306,438.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,600 shares of company stock worth $479,951. Corporate insiders own 2.20% of the company’s stock.

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.

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

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