Tygh Capital Management Inc. boosted its stake in shares of Air Transport Services Group Inc. (NASDAQ:ATSG) by 26.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 381,793 shares of the transportation company’s stock after acquiring an additional 80,526 shares during the quarter. Air Transport Services Group accounts for 1.8% of Tygh Capital Management Inc.’s holdings, making the stock its 15th largest position. Tygh Capital Management Inc. owned approximately 0.65% of Air Transport Services Group worth $8,709,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. purchased a new position in Air Transport Services Group during the fourth quarter valued at approximately $30,000. Creative Planning purchased a new stake in shares of Air Transport Services Group in the third quarter valued at approximately $258,000. MetLife Investment Advisors LLC increased its position in shares of Air Transport Services Group by 55.2% in the third quarter. MetLife Investment Advisors LLC now owns 42,742 shares of the transportation company’s stock valued at $918,000 after buying an additional 15,204 shares in the last quarter. Equitable Trust Co. increased its position in shares of Air Transport Services Group by 65.7% in the third quarter. Equitable Trust Co. now owns 50,132 shares of the transportation company’s stock valued at $1,076,000 after buying an additional 19,882 shares in the last quarter. Finally, Commonwealth Equity Services LLC purchased a new stake in shares of Air Transport Services Group in the third quarter valued at approximately $1,242,000. Institutional investors own 88.45% of the company’s stock.
Shares of ATSG traded up $0.09 during trading hours on Tuesday, hitting $23.99. 925 shares of the stock were exchanged, compared to its average volume of 386,930. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.88 and a current ratio of 1.02. Air Transport Services Group Inc. has a 12-month low of $17.06 and a 12-month high of $26.91. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 26.63 and a beta of 0.96.
About Air Transport Services Group
Air Transport Services Group, Inc, through its subsidiaries, operates in the airfreight and logistics industry. The company owns and leases cargo aircraft to airlines and other customers. It also provides airline operations to delivery companies, airlines, freight forwarders, and the U.S. Military, as well as operates charter agreements.
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