Air Transport Services Group, Inc (ATSG) Shares Bought by Lyon Street Capital LLC

Lyon Street Capital LLC increased its stake in shares of Air Transport Services Group, Inc (NASDAQ:ATSG) by 30.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 291,894 shares of the transportation company’s stock after purchasing an additional 67,378 shares during the period. Air Transport Services Group accounts for approximately 2.7% of Lyon Street Capital LLC’s investment portfolio, making the stock its 11th biggest position. Lyon Street Capital LLC owned approximately 0.49% of Air Transport Services Group worth $7,105,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of Air Transport Services Group by 6.1% during the 2nd quarter. Vanguard Group Inc. now owns 4,295,754 shares of the transportation company’s stock worth $93,562,000 after purchasing an additional 245,120 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Air Transport Services Group by 91.1% during the 3rd quarter. Victory Capital Management Inc. now owns 2,180,951 shares of the transportation company’s stock worth $53,084,000 after purchasing an additional 1,039,666 shares during the last quarter. State Street Corp raised its position in shares of Air Transport Services Group by 7.1% during the 2nd quarter. State Street Corp now owns 1,000,779 shares of the transportation company’s stock worth $21,794,000 after purchasing an additional 66,711 shares during the last quarter. Hodges Capital Management Inc. raised its position in shares of Air Transport Services Group by 36.5% during the 3rd quarter. Hodges Capital Management Inc. now owns 908,615 shares of the transportation company’s stock worth $22,116,000 after purchasing an additional 243,022 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Air Transport Services Group by 14.7% during the 2nd quarter. Northern Trust Corp now owns 683,458 shares of the transportation company’s stock worth $14,885,000 after purchasing an additional 87,537 shares during the last quarter. Hedge funds and other institutional investors own 90.47% of the company’s stock.

In related news, insider W Joseph Payne sold 7,500 shares of the company’s 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 completion of the sale, the insider now owns 177,952 shares of the company’s stock, valued at approximately $4,306,438.40. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Joseph Edward Roux sold 10,012 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $23.61, for a total transaction of $236,383.32. Following the sale, the director now directly owns 27,862 shares of the company’s stock, valued at approximately $657,821.82. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by corporate insiders.

Shares of Air Transport Services Group, Inc (ATSG) opened at $24.24 on Wednesday. Air Transport Services Group, Inc has a one year low of $14.97 and a one year high of $26.75. The stock has a market cap of $1,430.00, a PE ratio of 30.75 and a beta of 1.96. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.87 and a current ratio of 0.97.

Air Transport Services Group (NASDAQ:ATSG) last announced its quarterly earnings data on Monday, November 6th. The transportation company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.01. Air Transport Services Group had a negative net margin of 7.77% and a positive return on equity of 16.62%. The company had revenue of $254.10 million during the quarter, compared to analysts’ expectations of $256.13 million. During the same quarter in the prior year, the company earned $0.14 EPS. Air Transport Services Group’s revenue was up 31.5% compared to the same quarter last year. equities analysts expect that Air Transport Services Group, Inc will post 0.86 earnings per share for the current year.

Several research analysts recently weighed in on ATSG shares. Zacks Investment Research downgraded shares of Air Transport Services Group from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Cowen restated an “outperform” rating and set a $27.00 price target (up previously from $25.00) on shares of Air Transport Services Group in a research report on Thursday, August 10th. BidaskClub downgraded shares of Air Transport Services Group from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Susquehanna Bancshares started coverage on shares of Air Transport Services Group in a research report on Thursday, August 17th. They set a “neutral” rating and a $22.00 price target for the company. Finally, Stifel Nicolaus restated a “hold” rating and set a $20.00 price target on shares of Air Transport Services Group in a research report on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $24.86.

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About Air Transport Services Group

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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