Tygh Capital Management Inc. Buys 80,526 Shares of Air Transport Services Group Inc. (ATSG)

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.

A number of research firms have recently commented on ATSG. Stifel Nicolaus set a $27.00 price objective on Air Transport Services Group and gave the company a “buy” rating in a research report on Monday, October 15th. Seaport Global Securities set a $30.00 price objective on Air Transport Services Group and gave the company a “buy” rating in a research report on Wednesday, January 2nd. Zacks Investment Research upgraded Air Transport Services Group from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Thursday, October 18th. ValuEngine cut Air Transport Services Group from a “sell” rating to a “strong sell” rating in a research report on Thursday, October 18th. Finally, BidaskClub upgraded Air Transport Services Group from a “sell” rating to a “hold” rating in a research report on Friday, December 21st. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Air Transport Services Group has an average rating of “Buy” and a consensus target price of $28.33.

WARNING: This article was first posted by Community Financial News and is the property of of Community Financial News. If you are viewing this article on another website, it was illegally copied and reposted in violation of U.S. & international copyright and trademark laws. The correct version of this article can be accessed at https://www.com-unik.info/2019/02/12/tygh-capital-management-inc-buys-80526-shares-of-air-transport-services-group-inc-atsg.html.

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.

Featured Article: Understanding Average Daily Trade Volume

Institutional Ownership by Quarter for Air Transport Services Group (NASDAQ:ATSG)

Receive News & Ratings for Air Transport Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Transport Services Group and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit