First Trust Advisors LP Boosts Holdings in Air Transport Services Group Inc. (ATSG)

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First Trust Advisors LP raised its holdings in shares of Air Transport Services Group Inc. (NASDAQ:ATSG) by 33.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 133,276 shares of the transportation company’s stock after purchasing an additional 33,477 shares during the period. First Trust Advisors LP owned 0.23% of Air Transport Services Group worth $3,011,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC purchased a new position in shares of Air Transport Services Group in the 1st quarter worth approximately $147,000. Amalgamated Bank purchased a new position in shares of Air Transport Services Group in the 2nd quarter worth approximately $202,000. Quantitative Systematic Strategies LLC purchased a new position in shares of Air Transport Services Group in the 1st quarter worth approximately $215,000. Cornerstone Wealth Management LLC purchased a new position in shares of Air Transport Services Group in the 2nd quarter worth approximately $226,000. Finally, Bluestein R H & Co. purchased a new position in shares of Air Transport Services Group in the 1st quarter worth approximately $233,000. 88.30% of the stock is currently owned by institutional investors and hedge funds.

ATSG has been the topic of a number of analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $24.00 price objective (down previously from $26.00) on shares of Air Transport Services Group in a research report on Wednesday, August 8th. Susquehanna Bancshares set a $23.00 price objective on shares of Air Transport Services Group and gave the stock a “hold” rating in a research report on Wednesday, August 8th. BidaskClub raised shares of Air Transport Services Group from a “sell” rating to a “hold” rating in a research report on Thursday, June 7th. Zacks Investment Research downgraded shares of Air Transport Services Group from a “buy” rating to a “hold” rating in a research report on Thursday, August 9th. Finally, ValuEngine raised shares of Air Transport Services Group from a “sell” rating to a “hold” rating in a research report on Wednesday, August 22nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $26.17.

NASDAQ:ATSG opened at $20.73 on Thursday. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 22.80 and a beta of 1.88. Air Transport Services Group Inc. has a twelve month low of $19.17 and a twelve month high of $27.67. The company has a current ratio of 1.06, a quick ratio of 0.91 and a debt-to-equity ratio of 1.16.

Air Transport Services Group (NASDAQ:ATSG) last released its earnings results on Monday, August 6th. The transportation company reported $0.28 earnings per share for the quarter, hitting the consensus estimate of $0.28. The company had revenue of $203.61 million for the quarter, compared to the consensus estimate of $208.24 million. Air Transport Services Group had a net margin of 10.44% and a return on equity of 20.53%. Air Transport Services Group’s revenue was down 19.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.21 EPS. equities research analysts expect that Air Transport Services Group Inc. will post 1.33 earnings per share for the current year.

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.

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

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