Dean Investment Associates LLC Sells 54,863 Shares of Air Transport Services Group, Inc. (NASDAQ:ATSG)

Dean Investment Associates LLC decreased its position in Air Transport Services Group, Inc. (NASDAQ:ATSG - Free Report) by 31.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 118,696 shares of the transportation company's stock after selling 54,863 shares during the period. Dean Investment Associates LLC owned 0.18% of Air Transport Services Group worth $2,609,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Gamco Investors INC. ET AL acquired a new position in Air Transport Services Group in the 4th quarter worth approximately $248,000. Barclays PLC raised its position in Air Transport Services Group by 40.4% in the fourth quarter. Barclays PLC now owns 102,396 shares of the transportation company's stock valued at $2,251,000 after purchasing an additional 29,462 shares during the period. Sterling Capital Management LLC boosted its position in shares of Air Transport Services Group by 797.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,642 shares of the transportation company's stock worth $36,000 after buying an additional 1,459 shares during the period. Quinn Opportunity Partners LLC acquired a new position in Air Transport Services Group during the 4th quarter worth $508,000. Finally, Covestor Ltd lifted its stake in Air Transport Services Group by 96.8% during the fourth 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. Institutional investors own 91.81% of the company's stock.

Air Transport Services Group Stock Performance

Shares of ATSG remained flat at $22.48 during mid-day trading on Wednesday. The company has a market capitalization of $1.48 billion, a PE ratio of -561.86 and a beta of 0.89. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.81 and a quick ratio of 0.68. The stock's 50-day moving average price is $22.37 and its two-hundred day moving average price is $21.37. Air Transport Services Group, Inc. has a 1-year low of $11.69 and a 1-year high of $22.49.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Air Transport Services Group in a research report on Tuesday. They set a "hold" rating on the stock. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $20.60.

Air Transport Services Group 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.