Comerica Bank holds a $4.97 million stake in Air Transport Services Group, Inc. (NASDAQ:ATSG)


Comerica Bank reduced its stake in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG – Get Rating) by 2.5% in the first quarter, according to its latest 13F filing with the SEC. The fund held 154,077 shares of the transportation company after selling 3,974 shares during the period. Comerica Bank owned approximately 0.21% of Air Transport Services Group worth $4,974,000 when it last filed with the SEC.

A number of other hedge funds have also increased or reduced their stakes in ATSG. Hillcrest Asset Management LLC acquired a new position in Air Transport Services Group during Q4, valued at approximately $12,678,000. Prescott Group Capital Management LLC increased its stake in shares of Air Transport Services Group by 126.1% in the 4th quarter. Prescott Group Capital Management LLC now owns 279,819 shares of the transportation company worth $8,221,000 after purchasing an additional 156,060 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Air Transport Services Group by 532.5% in the fourth quarter. First Trust Advisors LP now owns 139,930 shares of the transportation company worth $4,111,000 after buying an additional 117,806 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Air Transport Services Group by 83.0% in the 4th quarter. American Century Companies Inc. now owns 246,062 shares of the transportation company worth $7,229,000 after purchasing an additional 111,616 shares in the last quarter. Finally, Waypoint Capital Advisors LLC bought a new position in shares of Air Transport Services Group in Q1 for a value of approximately $3,077,000. Institutional investors and hedge funds own 93.34% of the company’s shares.

Airline Services Group trades up 1.4%

NASDAQ:ATSG opened at $28.26 on Monday. The company has a current ratio of 1.04, a quick ratio of 0.89 and a debt ratio of 0.94. The stock has a market capitalization of $2.10 billion, a PE ratio of 10.39 and a beta of 0.54. The company’s 50-day moving average is $29.59 and its 200-day moving average is $29.69. Air Transport Services Group, Inc. has a 12-month low of $21.50 and a 12-month high of $34.54.

Air Transport Services Group (NASDAQ:ATSG – Get Rating) last released its quarterly results on Thursday, May 5. The transportation company reported EPS of $0.56 for the quarter, beating analyst consensus estimates of $0.45 by $0.11. The company posted revenue of $485.86 million for the quarter, compared to $474.93 million expected by analysts. Air Transport Services Group achieved a net margin of 12.96% and a return on equity of 13.30%. Airline Services Group revenue increased 29.2% year-over-year. In the same quarter a year earlier, the company posted EPS of $0.19. Sell-side analysts expect Air Transport Services Group, Inc. to post earnings per share of 2.04 for the current year.

Wall Street analysts predict growth

A number of equity analysts have weighed in on ATSG shares recently. Cowen raised his target price on Air Transport Services Group from $31.00 to $40.00 in a Monday, May 9 research note. Cowen raised his target price on Air Transport Services Group from $31.00 to $40.00 in a Monday, May 9 research note. Finally, StockNews.com downgraded Air Transport Services Group from a “buy” rating to a “hold” rating in a Saturday, June 18 research rating.

Airline Services Group Profile

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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 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.

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



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