Nationwide Fund Advisors Purchases 10,046 Shares of Air Transport Services Group, Inc (ATSG)

Nationwide Fund Advisors increased its position in Air Transport Services Group, Inc (NASDAQ:ATSG) by 10.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 108,501 shares of the transportation company’s stock after acquiring an additional 10,046 shares during the quarter. Nationwide Fund Advisors owned about 0.18% of Air Transport Services Group worth $2,641,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Victory Capital Management Inc. increased its holdings in 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 worth $24,857,000 after acquiring an additional 1,134,398 shares during the last quarter. Castleark Management LLC purchased a new stake in Air Transport Services Group in the 2nd quarter worth about $8,242,000. State Street Corp increased its holdings in Air Transport Services Group by 7.1% in the 2nd quarter. State Street Corp now owns 1,000,779 shares of the transportation company’s stock worth $21,794,000 after acquiring an additional 66,711 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Air Transport Services Group by 189.3% in the 2nd quarter. Goldman Sachs Group Inc. now owns 89,127 shares of the transportation company’s stock worth $1,941,000 after acquiring an additional 58,317 shares during the last quarter. Finally, Nicholas Investment Partners LP purchased a new stake in Air Transport Services Group in the 2nd quarter worth about $3,836,000. 90.47% of the stock is owned by institutional investors.

Several brokerages recently weighed in on ATSG. BidaskClub lowered Air Transport Services Group from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. ValuEngine downgraded Air Transport Services Group from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Zacks Investment Research downgraded Air Transport Services Group from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. Stephens restated an “overweight” rating and issued a $29.00 target price (up previously from $27.00) on shares of Air Transport Services Group in a research note on Tuesday, November 7th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $22.00 target price (up previously from $20.00) on shares of Air Transport Services Group in a research note on Tuesday, November 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $24.86.

Air Transport Services Group, Inc (ATSG) opened at $23.56 on Wednesday. Air Transport Services Group, Inc has a 12 month low of $14.97 and a 12 month high of $26.75. The company has a quick ratio of 0.87, a current ratio of 0.97 and a debt-to-equity ratio of 1.62. The company has a market capitalization of $1,424.23, a PE ratio of 30.49 and a beta of 1.96.

Air Transport Services Group (NASDAQ:ATSG) last issued its earnings results on Monday, November 6th. The transportation company reported $0.22 EPS for the quarter, topping the 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 business had revenue of $254.10 million during the quarter, compared to the consensus estimate of $256.13 million. During the same quarter last year, the company earned $0.14 EPS. The firm’s revenue was up 31.5% compared to the same quarter last year. equities analysts expect that Air Transport Services Group, Inc will post 0.86 earnings per share for the current year.

In other news, Director Joseph Edward Roux sold 10,012 shares of Air Transport Services Group stock in a transaction dated 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 sale, the director now owns 27,862 shares in the company, valued at approximately $657,821.82. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider W Joseph Payne sold 7,500 shares of Air Transport Services Group stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $24.20, for a total value of $181,500.00. Following the sale, the insider now owns 177,952 shares of the company’s stock, valued at approximately $4,306,438.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,012 shares of company stock valued at $597,748. Corporate insiders own 2.20% of the company’s stock.

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About Air Transport Services Group

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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