Sei Investments Co. Cuts Stock Position in Air Transport Services Group, Inc. (NASDAQ:ATSG)

Sei Investments Co. lowered its holdings in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG - Free Report) by 93.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,281 shares of the transportation company's stock after selling 188,530 shares during the quarter. Sei Investments Co.'s holdings in Air Transport Services Group were worth $292,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of ATSG. Rhumbline Advisers increased its stake in shares of Air Transport Services Group by 0.8% during the fourth quarter. Rhumbline Advisers now owns 83,623 shares of the transportation company's stock valued at $1,838,000 after buying an additional 686 shares during the period. Cetera Trust Company N.A boosted its stake in shares of Air Transport Services Group by 6.6% during the fourth quarter. Cetera Trust Company N.A now owns 11,635 shares of the transportation company's stock valued at $256,000 after purchasing an additional 725 shares in the last quarter. AlphaQuest LLC raised its stake in Air Transport Services Group by 89.8% in 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. Independence Bank of Kentucky bought a new stake in Air Transport Services Group during the 4th quarter valued at $33,000. Finally, SG Americas Securities LLC increased its holdings in shares of Air Transport Services Group by 27.1% in the 4th quarter. SG Americas Securities LLC now owns 16,863 shares of the transportation company's stock valued at $371,000 after acquiring an additional 3,597 shares during the period. Institutional investors own 91.81% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Air Transport Services Group in a research note on Monday. They issued a "hold" rating on the stock. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $20.60.

Air Transport Services Group Stock Performance

Shares of ATSG remained flat at $22.48 during trading hours on Wednesday. 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 current ratio of 0.81 and a quick ratio of 0.68. The company has a 50-day moving average price of $22.35 and a 200 day moving average price of $21.12. 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 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. Air Transport Services Group had a positive return on equity of 3.12% and a negative net margin of 0.12%. The firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $521.36 million. On average, sell-side analysts predict that Air Transport Services Group, Inc. will post 0.83 earnings per share for the current fiscal year.

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.