JPMorgan Chase & Co. Decreases Stock Holdings in Air Transport Services Group, Inc. (NASDAQ:ATSG)

JPMorgan Chase & Co. lessened its holdings in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG - Free Report) by 76.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 359,529 shares of the transportation company's stock after selling 1,137,732 shares during the period. JPMorgan Chase & Co. owned approximately 0.55% of Air Transport Services Group worth $7,902,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Independence Bank of Kentucky acquired a new stake in shares of Air Transport Services Group during the 4th quarter worth approximately $33,000. AlphaQuest LLC boosted its holdings in Air Transport Services Group by 89.8% during the fourth quarter. AlphaQuest LLC now owns 2,634 shares of the transportation company's stock worth $58,000 after buying an additional 1,246 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Air Transport Services Group during the fourth quarter valued at $99,000. Skandinaviska Enskilda Banken AB publ purchased a new position in Air Transport Services Group in the fourth quarter valued at $204,000. Finally, Peoples Bank OH acquired a new position in shares of Air Transport Services Group in the fourth quarter worth about $216,000. 91.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Air Transport Services Group Stock Performance

Shares of ATSG remained flat at $22.48 during mid-day trading on Tuesday. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of -561.86 and a beta of 0.89. Air Transport Services Group, Inc. has a 1 year low of $11.69 and a 1 year high of $22.49. The firm's 50 day simple moving average is $22.37 and its 200 day simple moving average is $21.36. The company has a quick ratio of 0.68, a current ratio of 0.81 and a debt-to-equity ratio of 1.06.

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

About Air Transport Services Group

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.