Air Transport Services Group, Inc. (NASDAQ:ATSG) Participation strengthened by Virginia Retirement Systems ET AL


Virginia Retirement Systems ET AL increased its stake in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG – Get Rating) by 25.3% in Q1, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund held 10,400 shares of the transportation company after buying an additional 2,100 shares during the quarter. Virginia Retirement Systems ET AL’s holdings in Air Transport Services Group were worth $348,000 when it last filed with the SEC.

Several other large investors have also recently bought and sold shares of ATSG. Rinkey Investments bought a new position in shares of Air Transport Services Group during the fourth quarter worth approximately $42,000. Allspring Global Investments Holdings LLC bought a new position in Air Transport Services Group in Q4 for a value of approximately $140,000. Emerald Advisers LLC bought a new position in Air Transport Services Group in Q4 for a value of approximately $143,000. Aldebaran Financial Inc. acquired a new position in Air Transport Services Group in Q4 for a value of approximately $207,000. Finally, Harbor Advisors LLC bought a new position in Air Transport Services Group in Q4 worth approximately $212,000. 93.34% of the shares are held by institutional investors.

A number of stock analysts have recently released reports on ATSG stocks. StockNews.com downgraded Air Transport Services Group from a “buy” rating to a “hold” rating in a Saturday, June 18 report. Cowen raised its price target on Air Transport Services Group from $31.00 to $40.00 in a Monday, May 9 report. Finally, Cowen raised its price target on Air Transport Services Group from $31.00 to $40.00 in a Monday, May 9 report.

Shares of the NASDAQ ATSG opened at $28.13 on Monday. The stock has a fifty-day moving average price of $29.93 and a two-hundred-day moving average price of $29.73. The company has a debt ratio of 0.94, a quick ratio of 0.89 and a current ratio of 1.04. The company has a market capitalization of $2.09 billion, a P/E ratio of 10.34 and a beta of 0.54. Air Transport Services Group, Inc. has a 1-year minimum of $21.50 and a 1-year maximum of $34.54.

Air Transport Services Group (NASDAQ:ATSG – Get Rating) last released its quarterly results on Thursday, May 5. The transportation company reported earnings per share (EPS) of $0.56 for the quarter, beating consensus analyst estimates of $0.45 by $0.11. The company posted revenue of $485.86 million in the quarter, compared to analyst estimates of $474.93 million. Air Transport Services Group achieved a return on equity of 13.30% and a net margin of 12.96%. The company’s quarterly revenue increased 29.2% year over year. During the same period last year, the company posted EPS of $0.19. On average, research analysts predict that Air Transport Services Group, Inc. will post earnings per share of 2.05 for the current fiscal year.

Airline Services Group Company Profile (Get a rating)

Air Transport Services Group, Inc, together with its subsidiaries, provides aircraft leasing and air cargo transportation and related services in the United States and abroad. The Company offers aircraft, flight crew, aircraft maintenance, aircraft hull and liability and aviation fuel insurance; and aircraft maintenance and modification services, including airframe modification and heavy maintenance, component repairs, engineering services and aircraft line maintenance.

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Institutional ownership by quarter for Air Transport Services Group (NASDAQ:ATSG)



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