Bluestein R H & Co. Invests $365,000 in Air Transport Services Group, Inc (ATSG)

Bluestein R H & Co. purchased a new stake in shares of Air Transport Services Group, Inc (NASDAQ:ATSG) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 15,000 shares of the transportation company’s stock, valued at approximately $365,000.

Several other institutional investors also recently bought and sold shares of ATSG. Victory Capital Management Inc. raised its stake in Air Transport Services Group by 16,471.6% in the second quarter. Victory Capital Management Inc. now owns 1,141,285 shares of the transportation company’s stock worth $24,857,000 after buying an additional 1,134,398 shares in the last quarter. Castleark Management LLC bought a new position in Air Transport Services Group in the second quarter worth approximately $8,242,000. State Street Corp raised its stake in Air Transport Services Group by 7.1% in the second quarter. State Street Corp now owns 1,000,779 shares of the transportation company’s stock worth $21,794,000 after buying an additional 66,711 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Air Transport Services Group by 189.3% in the second quarter. Goldman Sachs Group Inc. now owns 89,127 shares of the transportation company’s stock worth $1,941,000 after buying an additional 58,317 shares in the last quarter. Finally, Nicholas Investment Partners LP bought a new position in Air Transport Services Group in the second quarter worth approximately $3,836,000. 90.47% of the stock is owned by hedge funds and other institutional investors.

Air Transport Services Group, Inc (NASDAQ ATSG) opened at $24.24 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 0.97 and a debt-to-equity ratio of 1.62. Air Transport Services Group, Inc has a 1-year low of $14.97 and a 1-year high of $26.75. The stock has a market cap of $1,430.00, a price-to-earnings ratio of 30.75 and a beta of 1.96.

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, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.01. Air Transport Services Group had a negative net margin of 7.77% and a positive return on equity of 16.62%. The business had revenue of $254.10 million for the quarter, compared to analyst estimates of $256.13 million. During the same period in the previous year, the company earned $0.14 earnings per share. The business’s revenue for the quarter was up 31.5% on a year-over-year basis. sell-side analysts anticipate that Air Transport Services Group, Inc will post 0.86 EPS for the current fiscal year.

In other Air Transport Services Group news, insider W Joseph Payne sold 7,500 shares of Air Transport Services Group stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $24.20, for a total value of $181,500.00. Following the transaction, the insider now directly owns 177,952 shares of the company’s stock, valued at $4,306,438.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joseph Edward Roux sold 10,012 shares of Air Transport Services Group stock in a transaction on Monday, November 13th. The stock was sold at an average price of $23.61, for a total transaction of $236,383.32. Following the completion of the transaction, the director now directly owns 27,862 shares in the company, valued at $657,821.82. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by insiders.

A number of equities analysts recently commented on the stock. Cowen reissued an “outperform” rating and issued a $27.00 price objective (up previously from $25.00) on shares of Air Transport Services Group in a research note on Thursday, August 10th. ValuEngine downgraded shares of Air Transport Services Group from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. BidaskClub downgraded shares of Air Transport Services Group from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Zacks Investment Research raised shares of Air Transport Services Group from a “sell” rating to a “hold” rating in a research note on Monday, October 16th. Finally, Susquehanna Bancshares assumed coverage on shares of Air Transport Services Group in a research note on Thursday, August 17th. They issued a “neutral” rating and a $22.00 price objective for the company. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $24.86.

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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.

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

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