UBS Asset Management Americas Inc. Has $296,000 Holdings in Air Transport Services Group, Inc (ATSG)

UBS Asset Management Americas Inc. held its stake in shares of Air Transport Services Group, Inc (NASDAQ:ATSG) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,600 shares of the transportation company’s stock at the close of the 2nd quarter. UBS Asset Management Americas Inc.’s holdings in Air Transport Services Group were worth $296,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. Nicholas Investment Partners LP acquired a new stake in Air Transport Services Group during the 2nd quarter worth $3,836,000. New York State Common Retirement Fund raised its stake in Air Transport Services Group by 40.1% during the 2nd quarter. New York State Common Retirement Fund now owns 71,171 shares of the transportation company’s stock worth $1,550,000 after buying an additional 20,370 shares during the period. Laurion Capital Management LP acquired a new stake in Air Transport Services Group during the 2nd quarter worth $2,004,000. Nationwide Fund Advisors raised its stake in Air Transport Services Group by 125.3% during the 2nd quarter. Nationwide Fund Advisors now owns 98,455 shares of the transportation company’s stock worth $2,144,000 after buying an additional 54,762 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in Air Transport Services Group by 9.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 209,748 shares of the transportation company’s stock worth $4,569,000 after buying an additional 17,598 shares during the period. 88.11% of the stock is currently owned by institutional investors and hedge funds.

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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 Zacks’ consensus estimate of $0.19 by $0.02. The company had revenue of $253.21 million for the quarter, compared to analysts’ expectations of $235.69 million. Air Transport Services Group had a negative net margin of 4.42% and a positive return on equity of 14.27%. The business’s revenue was up 43.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.13 EPS.

In other news, insider W Joseph Payne sold 7,500 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $24.20, for a total transaction of $181,500.00. Following the transaction, the insider now owns 177,952 shares of the company’s stock, valued at approximately $4,306,438.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard M. Baudouin sold 8,100 shares of the stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $21.71, for a total transaction of $175,851.00. The disclosure for this sale can be found here. 2.20% of the stock is owned by corporate insiders.

Several analysts recently commented on the company. Stifel Nicolaus reaffirmed a “hold” rating and set 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 target on Air Transport Services Group and gave the company a “buy” rating in a research note on Friday, October 13th. Finally, TheStreet downgraded Air Transport Services Group from a “b+” rating to a “c+” rating in a research note on Monday, August 7th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $23.13.

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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