NJ State Employees Deferred Compensation Plan Holds Stake in Air Transport Services Group, Inc (NASDAQ:ATSG)

NJ State Employees Deferred Compensation Plan held its position in Air Transport Services Group, Inc (NASDAQ:ATSG) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 10,000 shares of the transportation company’s stock at the end of the second quarter. NJ State Employees Deferred Compensation Plan’s holdings in Air Transport Services Group were worth $218,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Victory Capital Management Inc. raised its position in Air Transport Services Group by 18.2% in the first quarter. Victory Capital Management Inc. now owns 6,887 shares of the transportation company’s stock valued at $111,000 after buying an additional 1,058 shares during the period. Envestnet Asset Management Inc. raised its position in Air Transport Services Group by 87.5% in the first quarter. Envestnet Asset Management Inc. now owns 11,136 shares of the transportation company’s stock valued at $180,000 after buying an additional 5,196 shares during the period. SG Americas Securities LLC raised its position in Air Transport Services Group by 17.1% in the first quarter. SG Americas Securities LLC now owns 11,196 shares of the transportation company’s stock valued at $180,000 after buying an additional 1,632 shares during the period. Globeflex Capital L P raised its position in 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 period. Finally, Intrust Bank NA purchased a new position in Air Transport Services Group during the first quarter valued at $233,000. 87.64% of the stock is owned by hedge funds and other institutional investors.

Shares of Air Transport Services Group, Inc (ATSG) opened at 22.92 on Friday. The stock’s market cap is $1.36 billion. Air Transport Services Group, Inc has a one year low of $12.94 and a one year high of $25.75. The company has a 50-day moving average of $23.31 and a 200 day moving average of $19.87.

Air Transport Services Group (NASDAQ:ATSG) last released its quarterly earnings data on Monday, August 7th. The transportation company reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.02. The firm had revenue of $253.21 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.13 earnings per share. On average, equities analysts forecast that Air Transport Services Group, Inc will post $0.89 earnings per share for the current fiscal year.

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Several equities analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of 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 shares of Air Transport Services Group from a “b+” rating to a “c+” rating in a report on Monday. Imperial Capital boosted their price target on shares of 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 shares of 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, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $23.29.

In related news, insider Willem Mesdag sold 4,377,330 shares of Air Transport Services Group stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $22.42, for a total transaction of $98,139,738.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Richard Francis Corrado sold 20,000 shares of Air Transport Services Group stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $23.05, for a total value of $461,000.00. Following the sale, the insider now owns 112,839 shares of the company’s stock, valued at approximately $2,600,938.95. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,414,480 shares of company stock valued at $99,000,315. Company insiders own 2.20% of the company’s stock.

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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