Amazon Com Inc is selling 250,000 shares of Air Transport Services Group, Inc. (NASDAQ:ATSG).

Amazon.com, Inc., which has a large position in Air Transport Services Group, Inc. (NASDAQ:ATSG), disclosed on Friday (October 7) that it had sold 250,000 shares of the company. Amazon.com, Inc. has a significant stake in ATSG. The total amount received for the sale of the shares was $5,902,500.00. This equates to an average price of $23.61 per share for each share purchased. Following the completion of the transaction, the insider of the company now has a total of 14,178,445 shares of the company, which can be purchased for a total of 334,753,086.45 USD. Access to the legal filing which details the disclosure of the transaction can be obtained through the website of the Securities and Exchange Commission (SEC). This file is available on the site. Any transaction or purchase made by major shareholders who own 10% or more of the company’s stock must be reported to the Securities and Exchange Commission (SEC). This includes both sales and purchases.

On August 4, the results of Air Transport Services Group’s latest quarterly financial report were made public. The company’s stock symbol is NASDAQ:ATSG. The transportation company reported earnings per share for the quarter of $0.59, $0.08 higher than analysts’ consensus forecast of $0.51 per share. Thanks to the strong performance of the Airline Services group, the company achieved a return on equity of 14.39% and a net margin of 11.01%. The company’s sales for the quarter were $510.00 million, significantly higher than industry analysts’ forecast of $505.54 million for the company’s sales for the quarter. The company reported earnings per share of $0.35 for the same period in the prior year’s financial statements. Compared to the same quarter of the previous year, sales for this quarter grew by 24.4%. Stock market analysts believe Air Transport Services Group, Inc. could make 2.2 cents per share in earnings this year.
The number of hedge funds and other types of institutional investors have increased or decreased the percentage of their holdings invested in the company in recent months. The Airline Services Group increased the amount of equity it held in the Airline Services Group by 19.2% during the first quarter. The Vanguard Group Inc. now owns 6,379,988 shares of the transportation company, which are currently valued at $213,411,000 following the acquisition of 1,029,325 additional shares during the last quarter. At the end of the second quarter, FMR LLC held a percentage of shares in Air Transport Services Group that was 2.0% higher than at the beginning. FMR LLC now owns a full stake in the transportation company valued at $159,002,000 after purchasing an additional 108,581 shares in the last quarter. The total number of shares held by FMR LLC in the company is 5,534,391. Dimensional Fund Advisors LP increased its stake in Air Transport Services Group during the first quarter by 8.6%, bringing the total number of shares he owns in the transportation company at 2,771,809, worth $92,718,000. This follows the purchase of an additional 218,622 shares in the previous quarter, which led to this development. During the second quarter, Driehaus Capital Management LLC purchased an additional 14.9% of the available shares of Air Transport Services Group. This is an increase from the first quarter. Driehaus Capital Management LLC now owns 1,739,522 shares of the transportation company, which are worth $49,976,000 following the purchase of 225,309 additional shares during the last quarter. Driehaus Capital Management LLC purchased these shares. And finally, in the first three months of this year, JPMorgan Chase & Co. increased the number of Air Transport Services Group shares it held by 2.1%, making it the largest shareholder in this society. JPMorgan Chase & Co. now owns 1,515,720 shares held by the transportation company thanks to the acquisition of 30,789 additional shares during the last quarter. This number of shares is worth a total of $50,702,000. Institutional investors and hedge funds currently control 95.84% of the company’s outstanding shares.

The value of the symbol NASDAQ:ATSG increased by 0.25 points, bringing it to $27.01 at the end of trading on Tuesday at lunchtime. The company’s average daily trading volume is 412,951 shares, so the number of shares the company traded was significantly lower than that. At this point, the debt ratio stands at 0.96, the quick ratio at 1.02 and the current ratio at 1.19. Air Transport Services Group, Inc. recorded a low of $23.32 in the past year, while the company hit a high of $34.54 in the same period. The company’s price/earnings ratio, which is 10.38, and its beta value, which is 0.65, are very high. The company currently has a market capitalization of $2.01 billion. The company’s moving average stock price over the past fifty days is $28.75, and over the past two hundred days the stock’s moving average price has been $29.75.

Separately, in a research note published on June 18, StockNews.com changed its recommendation for Air Transport Services Group from “buy” to “hold,” indicating that the company should not be bought.

Air Transport Services Group, Inc. and its subsidiaries in the United States of America and other countries around the world provide aircraft leasing, air cargo transportation and other aviation-related services. In addition to fuel services for the aviation industry, various aircraft maintenance and modification services, including airframe modification and heavy maintenance, component repairs, engineering services and line maintenance of aircraft, are provided. We also offer aircraft, flight crew, maintenance, aviation fuel and insurance for aircraft hulls and liabilities in addition to these services.

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