Kennedy Capital Management LLC Has $4.93 Million Stock Holdings in Air Transport Services Group, Inc. (NASDAQ:ATSG)

Kennedy Capital Management LLC reduced its stake in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG - Free Report) by 39.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 224,478 shares of the transportation company's stock after selling 143,371 shares during the period. Kennedy Capital Management LLC owned approximately 0.34% of Air Transport Services Group worth $4,934,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of ATSG. Independence Bank of Kentucky acquired a new position in Air Transport Services Group in the 4th quarter worth $33,000. AlphaQuest LLC boosted its position in shares of 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 during the period. KLP Kapitalforvaltning AS bought a new position in shares of Air Transport Services Group during the fourth quarter worth about $99,000. Meeder Asset Management Inc. raised its position in Air Transport Services Group by 29.4% in the 4th quarter. Meeder Asset Management Inc. now owns 8,724 shares of the transportation company's stock valued at $192,000 after buying an additional 1,980 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ bought a new stake in Air Transport Services Group in the 4th quarter valued at approximately $204,000. Institutional investors own 91.81% of the company's stock.

Air Transport Services Group Stock Performance

NASDAQ ATSG remained flat at $22.48 during trading hours on Friday. The stock has a market cap 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 one year low of $11.69 and a one year high of $22.49. The company has a 50 day simple moving average of $22.36 and a 200 day simple moving average of $21.17. 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 released its earnings results 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 negative net margin of 0.12% and a positive return on equity of 3.12%. The business had revenue of $1.96 billion during the quarter, compared to analysts' expectations of $521.36 million. On average, sell-side analysts forecast that Air Transport Services Group, Inc. will post 0.83 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Air Transport Services Group in a report on Monday. They issued a "hold" rating on the stock. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target 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.