Envestnet Asset Management Inc. holds $1.17 million stake in Air Transport Services Group, Inc. (NASDAQ:ATSG)


Envestnet Asset Management Inc. reduced its position in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG – Get Rating) by 13.4% during the 1st quarter, according to its latest filing with the Securities and Exchange Commission . The institutional investor held 34,905 shares of the transportation company after selling 5,417 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Air Transport Services Group were worth $1,168,000 when it was last filed with the Securities and Exchange Commission.

Several other institutional investors have also recently changed their stake in the company. Summit Global Investments acquired a new stake in Air Transport Services Group in the fourth quarter valued at $517,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Air Transport Services Group in Q4 for a value of approximately $140,000. We Are One Seven LLC increased its position in shares of Air Transport Services Group by 3.6% during the 4th quarter. We Are One Seven LLC now owns 22,038 shares of the transportation company worth $647,000 after purchasing an additional 774 shares in the last quarter. Harbor Advisors LLC bought a new position in Air Transport Services Group during Q4 valued at approximately $212,000. Finally, Mountaineer Partners Management LLC increased its position in Air Transport Services Group by 4.8% in the fourth quarter. Mountaineer Partners Management LLC now owns 297,373 shares of the transportation company valued at $8,736,000 after buying 13,519 additional shares last quarter. Institutional investors and hedge funds own 93.34% of the company’s shares.

Airline Services Group Price Performance

Shares of Air Transport Services Group opened at $30.63 on Tuesday. The company has a current ratio of 1.19, a quick ratio of 1.02 and a debt ratio of 0.96. The stock has a market capitalization of $2.28 billion, a price-earnings ratio of 11.78 and a beta of 0.56. Air Transport Services Group, Inc. has a 1-year minimum of $23.68 and a 1-year maximum of $34.54. The company’s 50-day moving average price is $29.97 and its two-hundred-day moving average price is $30.38.

Air Transport Services Group (NASDAQ:ATSG – Get Rating) last released its quarterly results on Thursday, August 4. The transportation company reported EPS of $0.59 for the quarter, beating the consensus estimate of $0.50 by $0.09. Air Transport Services Group achieved a net margin of 11.01% and a return on equity of 14.39%. The company posted revenue of $510.00 million for the quarter, compared to $505.54 million expected by analysts. During the same period of the previous year, the company made earnings per share of $0.35. Airline Services Group revenues increased 24.4% compared to the same quarter last year. On average, stock analysts predict that Air Transport Services Group, Inc. will post earnings per share of 2.12 for the current fiscal year.

Analysts set new price targets

Several analysts have weighed in on the stock. Cowen raised its price target on shares of Air Transport Services Group from $31.00 to $40.00 in a Monday, May 9 research note. StockNews.com upgraded shares of Air Transport Services Group from a “buy” rating to a “hold” rating in a Saturday, June 18 research note. Finally, Cowen raised his price target on shares of Air Transport Services Group from $31.00 to $40.00 in a Monday, May 9 research note.

Airline Services Group Company 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 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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