Air Transport Services Group, Inc (ATSG) Stake Boosted by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. lifted its holdings in Air Transport Services Group, Inc (NASDAQ:ATSG) by 189.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 89,127 shares of the transportation company’s stock after acquiring an additional 58,317 shares during the period. Goldman Sachs Group Inc. owned 0.15% of Air Transport Services Group worth $1,941,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ATSG. SG Americas Securities LLC boosted its stake in shares of 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 worth $180,000 after acquiring an additional 1,632 shares during the period. Victory Capital Management Inc. boosted its stake in shares of 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 worth $111,000 after acquiring an additional 1,058 shares during the period. FMR LLC boosted its stake in shares of Air Transport Services Group by 79.2% in the first quarter. FMR LLC now owns 3,135,356 shares of the transportation company’s stock worth $50,323,000 after acquiring an additional 1,386,101 shares during the period. Vanguard Group Inc. boosted its stake in shares of Air Transport Services Group by 5.5% in the first quarter. Vanguard Group Inc. now owns 4,050,634 shares of the transportation company’s stock worth $65,013,000 after acquiring an additional 211,204 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Air Transport Services Group by 3.6% in the first quarter. Geode Capital Management LLC now owns 429,566 shares of the transportation company’s stock worth $6,894,000 after acquiring an additional 14,774 shares during the period. 88.11% of the stock is owned by hedge funds and other institutional investors.

In related news, insider W Joseph Payne sold 7,500 shares of Air Transport Services Group stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $24.20, for a total value of $181,500.00. Following the sale, the insider now directly owns 177,952 shares in the company, valued at approximately $4,306,438.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard M. Baudouin sold 8,100 shares of Air Transport Services Group stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $21.71, for a total value of $175,851.00. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.

A number of equities analysts have recently weighed in on the company. Stifel Nicolaus reaffirmed a “hold” rating and issued a $20.00 price objective on shares of Air Transport Services Group in a research note on Friday, August 4th. Zacks Investment Research raised Air Transport Services Group from a “sell” rating to a “hold” rating in a research note on Monday, October 16th. BidaskClub raised Air Transport Services Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Cowen and Company set a $27.00 price objective on Air Transport Services Group and gave the stock a “buy” rating in a research note on Friday, October 13th. Finally, TheStreet lowered Air Transport Services Group from a “b+” rating to a “c+” rating in a research note on Monday, August 7th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $23.13.

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Air Transport Services Group, Inc (NASDAQ:ATSG) opened at 24.20 on Wednesday. The stock has a 50 day moving average price of $24.25 and a 200-day moving average price of $22.84. The company’s market cap is $1.43 billion. Air Transport Services Group, Inc has a 1-year low of $12.94 and a 1-year high of $25.91.

Air Transport Services Group (NASDAQ:ATSG) last posted 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. Air Transport Services Group had a positive return on equity of 14.27% and a negative net margin of 4.42%. The company had revenue of $253.21 million for the quarter, compared to analysts’ expectations of $235.69 million. During the same period in the previous year, the firm posted $0.13 EPS. Air Transport Services Group’s revenue was up 43.4% compared to the same quarter last year. On average, equities research analysts forecast that Air Transport Services Group, Inc will post $0.86 EPS for the current year.

Air Transport Services Group 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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