Air Transport Services Group, Inc. (NASDAQ:ATSG) Shares Sold by LSV Asset Management

LSV Asset Management trimmed its stake in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG - Free Report) by 96.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,300 shares of the transportation company's stock after selling 152,070 shares during the quarter. LSV Asset Management's holdings in Air Transport Services Group were worth $116,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. American Century Companies Inc. raised its position in shares of Air Transport Services Group by 3.3% during the fourth quarter. American Century Companies Inc. now owns 2,283,944 shares of the transportation company's stock worth $50,201,000 after purchasing an additional 72,367 shares during the period. Alpine Associates Management Inc. purchased a new stake in shares of Air Transport Services Group during the 4th quarter worth approximately $31,377,000. FIL Ltd bought a new stake in shares of Air Transport Services Group in the fourth quarter valued at $31,146,000. State Street Corp raised its stake in Air Transport Services Group by 1.1% in the 3rd quarter. State Street Corp now owns 1,258,673 shares of the transportation company's stock valued at $20,378,000 after acquiring an additional 13,880 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC purchased a new position in Air Transport Services Group in the 4th quarter valued at approximately $16,720,000. 91.81% of the stock is owned by institutional investors and hedge funds.

Air Transport Services Group Price Performance

NASDAQ ATSG remained flat at $22.48 during trading hours on Monday. The firm has a market cap 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 business's 50 day moving average is $22.36 and its two-hundred day moving average is $21.31. Air Transport Services Group, Inc. has a 52-week low of $11.69 and a 52-week high of $22.49.

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

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Air Transport Services Group in a research note on Monday, April 14th. They issued a "hold" rating on the stock. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target 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.