River Road Asset Management LLC Sells 24,510 Shares of Air Transport Services Group Inc. (ATSG)

River Road Asset Management LLC reduced its holdings in shares of Air Transport Services Group Inc. (NASDAQ:ATSG) by 3.5% during the 4th quarter, HoldingsChannel reports. The fund owned 673,379 shares of the transportation company’s stock after selling 24,510 shares during the period. River Road Asset Management LLC’s holdings in Air Transport Services Group were worth $15,582,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Rice Hall James & Associates LLC raised its stake in shares of Air Transport Services Group by 41.1% in the fourth quarter. Rice Hall James & Associates LLC now owns 811,725 shares of the transportation company’s stock worth $18,783,000 after acquiring an additional 236,637 shares during the last quarter. Castleark Management LLC bought a new position in shares of Air Transport Services Group in the second quarter worth about $8,242,000. State Street Corp raised its stake in shares of Air Transport Services Group by 7.1% in the second quarter. State Street Corp now owns 1,000,779 shares of the transportation company’s stock worth $21,794,000 after acquiring an additional 66,711 shares during the last quarter. American International Group Inc. raised its stake in shares of Air Transport Services Group by 20.4% in the third quarter. American International Group Inc. now owns 38,868 shares of the transportation company’s stock worth $946,000 after acquiring an additional 6,586 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Air Transport Services Group by 189.3% in the second quarter. Goldman Sachs Group Inc. now owns 89,127 shares of the transportation company’s stock worth $1,941,000 after acquiring an additional 58,317 shares during the last quarter. Institutional investors and hedge funds own 91.17% of the company’s stock.

A number of equities analysts have weighed in on the stock. BidaskClub raised shares of Air Transport Services Group from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 25th. Stephens reissued an “overweight” rating and set a $29.00 price target (up from $27.00) on shares of Air Transport Services Group in a research note on Tuesday, November 7th. Stifel Nicolaus reissued a “hold” rating and set a $22.00 price target (up from $20.00) on shares of Air Transport Services Group in a research note on Tuesday, November 7th. Zacks Investment Research downgraded shares of Air Transport Services Group from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. Finally, Cowen set a $27.00 price target on shares of Air Transport Services Group and gave the stock a “buy” rating in a research note on Friday, October 13th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. Air Transport Services Group presently has an average rating of “Buy” and a consensus price target of $25.57.

In other news, Director Joseph Edward Roux sold 10,012 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $23.61, for a total value of $236,383.32. Following the completion of the transaction, the director now owns 27,862 shares in the company, valued at $657,821.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider W Joseph Payne sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $23.37, for a total transaction of $175,275.00. Following the completion of the transaction, the insider now owns 162,560 shares of the company’s stock, valued at approximately $3,799,027.20. The disclosure for this sale can be found here. Insiders sold 32,512 shares of company stock valued at $776,023 in the last ninety days. Insiders own 2.20% of the company’s stock.

Shares of Air Transport Services Group Inc. (ATSG) opened at $22.98 on Friday. Air Transport Services Group Inc. has a 12 month low of $15.34 and a 12 month high of $27.67. The company has a quick ratio of 0.87, a current ratio of 0.97 and a debt-to-equity ratio of 1.62. The company has a market cap of $1,391.12, a P/E ratio of 29.78 and a beta of 1.88.

Air Transport Services Group (NASDAQ:ATSG) last issued its earnings results on Monday, November 6th. The transportation company reported $0.22 EPS for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $254.10 million during the quarter, compared to the consensus estimate of $256.13 million. During the same quarter in the prior year, the firm earned $0.14 earnings per share. The business’s quarterly revenue was up 31.5% on a year-over-year basis. equities research analysts forecast that Air Transport Services Group Inc. will post 0.87 EPS for the current fiscal year.

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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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