Bank of America Corp DE Has $2.37 Million Position in Air Transport Services Group, Inc (ATSG)

Bank of America Corp DE increased its stake in shares of Air Transport Services Group, Inc (NASDAQ:ATSG) by 460.9% during the first quarter, according to its most recent filing with the SEC. The fund owned 147,865 shares of the transportation company’s stock after buying an additional 121,502 shares during the period. Bank of America Corp DE owned approximately 0.25% of Air Transport Services Group worth $2,373,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in ATSG. Weiss Multi Strategy Advisers LLC acquired a new position in shares of Air Transport Services Group during the first quarter valued at approximately $467,000. Schwab Charles Investment Management Inc. raised its position in shares of Air Transport Services Group by 5.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 183,573 shares of the transportation company’s stock valued at $2,947,000 after buying an additional 9,900 shares during the last quarter. UBS Group AG raised its position in shares of Air Transport Services Group by 5.7% in the first quarter. UBS Group AG now owns 81,481 shares of the transportation company’s stock valued at $1,307,000 after buying an additional 4,374 shares during the last quarter. Globeflex Capital L P raised its position in shares of Air Transport Services Group by 17,878.8% in the first quarter. Globeflex Capital L P now owns 11,866 shares of the transportation company’s stock valued at $190,000 after buying an additional 11,800 shares during the last quarter. Finally, Axiom International Investors LLC DE raised its position in shares of Air Transport Services Group by 25.6% in the first quarter. Axiom International Investors LLC DE now owns 310,640 shares of the transportation company’s stock valued at $4,986,000 after buying an additional 63,403 shares during the last quarter. Hedge funds and other institutional investors own 87.64% of the company’s stock.

Air Transport Services Group, Inc (ATSG) traded down 1.75% during trading on Friday, reaching $22.52. The company’s stock had a trading volume of 112,643 shares. The firm’s 50-day moving average price is $23.31 and its 200 day moving average price is $19.87. The company’s market capitalization is $1.33 billion. Air Transport Services Group, Inc has a 12-month low of $12.94 and a 12-month high of $25.75.

Air Transport Services Group (NASDAQ:ATSG) last issued its earnings results on Monday, August 7th. The transportation company reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.02. The business had revenue of $253.21 million during the quarter, compared to analyst estimates of $235.69 million. Air Transport Services Group had a positive return on equity of 14.27% and a negative net margin of 4.42%. Air Transport Services Group’s revenue was up 43.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.13 EPS. On average, analysts predict that Air Transport Services Group, Inc will post $0.89 earnings per share for the current fiscal year.

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Several brokerages have recently commented on ATSG. Zacks Investment Research lowered Air Transport Services Group from a “strong-buy” rating to a “hold” rating in a report on Monday, July 17th. Cowen and Company reissued an “outperform” rating on shares of Air Transport Services Group in a report on Monday, May 15th. TheStreet lowered Air Transport Services Group from a “b+” rating to a “c+” rating in a report on Monday. Imperial Capital boosted their price objective on Air Transport Services Group from $18.00 to $23.00 and gave the stock an “in-line” rating in a report on Friday, May 5th. Finally, BidaskClub raised Air Transport Services Group from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. Air Transport Services Group currently has a consensus rating of “Hold” and a consensus price target of $23.29.

In other Air Transport Services Group news, VP Matthew E. Fedders sold 4,102 shares of Air Transport Services Group stock in a transaction on Friday, June 23rd. The stock was sold at an average price of $22.24, for a total transaction of $91,228.48. Following the completion of the sale, the vice president now directly owns 24,842 shares of the company’s stock, valued at approximately $552,486.08. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Quint O. Turner sold 8,048 shares of Air Transport Services Group stock in a transaction on Monday, May 15th. The shares were sold at an average price of $23.08, for a total value of $185,747.84. Following the sale, the chief financial officer now directly owns 271,175 shares of the company’s stock, valued at $6,258,719. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,414,480 shares of company stock valued at $99,000,315. 2.20% of the stock is currently owned by corporate insiders.

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.

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

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