Quinn Opportunity Partners LLC Purchases Shares of 23,106 Air Transport Services Group, Inc. (NASDAQ:ATSG)

Quinn Opportunity Partners LLC purchased a new stake in Air Transport Services Group, Inc. (NASDAQ:ATSG - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 23,106 shares of the transportation company's stock, valued at approximately $508,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Covestor Ltd raised its holdings in Air Transport Services Group by 96.8% during the 4th quarter. Covestor Ltd now owns 3,729 shares of the transportation company's stock worth $82,000 after purchasing an additional 1,834 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Air Transport Services Group during the fourth quarter valued at $5,356,000. Capula Management Ltd acquired a new stake in Air Transport Services Group during the 4th quarter worth about $10,618,000. FIL Ltd bought a new position in shares of Air Transport Services Group in the 4th quarter worth about $31,146,000. Finally, Bank of Montreal Can boosted its position in shares of Air Transport Services Group by 9.0% during the 4th quarter. Bank of Montreal Can now owns 123,682 shares of the transportation company's stock valued at $2,719,000 after purchasing an additional 10,200 shares in the last quarter. 91.81% of the stock is owned by institutional investors and hedge funds.

Air Transport Services Group Stock Performance

Shares of Air Transport Services Group stock remained flat at $22.48 on Thursday. The stock has a 50-day moving average price of $22.35 and a 200 day moving average price of $21.13. Air Transport Services Group, Inc. has a 52 week low of $11.69 and a 52 week high of $22.49. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of -561.86 and a beta of 0.89. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.68 and a current ratio of 0.81.

Air Transport Services Group (NASDAQ:ATSG - Get Free Report) last posted its earnings results on Monday, March 3rd. The transportation company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.05. Air Transport Services Group had a negative net margin of 0.12% and a positive return on equity of 3.12%. The firm had revenue of $1.96 billion during the quarter, compared to analyst estimates of $521.36 million. On average, equities analysts forecast that Air Transport Services Group, Inc. will post 0.83 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Air Transport Services Group in a report on Monday. They set a "hold" rating on the stock. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $20.60.

Air Transport Services Group Company Profile

Air Transport Services Group, Inc, together with its subsidiaries, provides aircraft leasing, and air cargo transportation and related services in the United States and internationally. It operates in two segments, Cargo Aircraft Management Inc (CAM) and ACMI Services. The company offers aircraft, flight crews, aircraft hull and liability insurance, and aviation fuel services; and aircraft maintenance and modification services, including airframe modification and heavy maintenance, component repairs, engineering services, and aircraft line maintenance.