Short-term interest in Air Transport Services Group, Inc. (NASDAQ:ATSG) has dropped significantly
In September, there was a significant reduction in the number of short positions held in Air Transport Services Group, Inc. (NASDAQ:ATSG). There were 2,080,000 shares available for short sale as of September 30. This represents an 18.1% decline from the volume of 2,540,000 shares traded the previous day. During the investigation, approximately 3.6% of the total number of shares issued by the company were sold short. Based on typical trading volume of 319,000 shares per day, there are currently 6.5 days of short interest. This figure has been calculated.
Recent events have resulted in several changes implemented by hedge funds regarding the interests they previously held in the company. First, TCW Group Inc. increased its stake in Air Transport Services Group by 7.8 percentage points in the second quarter of the current fiscal year. After purchasing an additional 36,124 shares during the month, TCW Group Inc. now owns 502,004 shares of the transportation company, currently valued at $14,422,000. These shares were acquired during the month. Qube Research and Technologies Ltd. made a new investment in the airline services group for the amount of $1,520,000 in the first three months of 2018. Third, RK Capital Management LLC spent approximately $3,345,000 in the first three months of 2018 to acquire a new Air Transport Poste from the transport services group. During the first three months of 2018, SummerHaven Investment Management LLC purchased an additional 4.6% of Air Transport Services Group shares, bringing the total amount of shares of that company it held to a total value of $48. SummerHaven Investment Management LLC now owns a total of 37,935 common shares of the transportation company after purchasing an additional 1,665 shares in the most recent period. The stock is currently valued at $1,269,000 and SummerHaven Investment Management LLC owns 37,935 shares.
Finally, Thompson Siegel & Walmsley LLC increased its stake in Air Transport Services Group by 16.1% during the second quarter. After making an additional purchase of 81,455 shares during the reporting period, Thompson Siegel & Walmsley LLC now has a total of 587,572 shares held by the transportation company. A total value of $16,881,000 is associated with these shares. The vast majority, 95.84%, of the company’s total number of shares is held by institutional investors and hedge funds.
On Friday, October 7, a major shareholder of Amazon.com, Inc. sold 250,000 shares of the company. This development is relevant to the discussion because it relates to the topic. 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. Direct ownership of 14,178,445 shares of the company, which has a current market value of $334,753,086.45, is held by insiders of the company. If you follow this link, you will be redirected to the filing submitted to the Securities and Exchange Commission, where the transaction was discussed. You can just ignore this link if you don’t want to follow it. Insiders of the company hold 1.70% of the total number of shares of the company.
In a separate report published on StockNews.com on Wednesday, it was announced that the website would now cover shares of Air Transport Services Group. They advised investors to “hold” the stock rather than sell it.
On Friday, the NASDAQ ATSG market opened at $27.44. The negotiation begins. Air Transport Services Group’s lowest price in the past year is $23.32, and the company’s all-time high was $34.54 in the same period. The company’s stock price is currently trading at a 50-day moving average of $28.40, while the company’s stock price moving 200 days is $29.67. The debt ratio is 0.96, the quick ratio 1.02, the current ratio 1.19 and the general liquidity ratio 0.96. The company’s price/earnings ratio is 10.70 and its beta value is 0.65. The company beta value is 0.65. The company is currently valued at $2.04 billion on the market.
Air Transport Services Group (NASDAQ:ATSG) released the findings of its latest quarterly financial report on August 4, 2018, making the announcement. Earnings per share reported by the transportation company for the period were $0.59, $0.08 higher than the consensus estimate of $0.51. The airline’s return on equity was 14.39% and the company’s net margin was 11.01%, respectively. 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. By comparison, the prior year’s results showed the company earned $0.35 per share in the same period. During the third fiscal quarter, Air Transport Services Group reported a year-over-year revenue increase of 24.4% above the prior year total. Sell-side analysts expect Air Transport Services Group to earn 2.2 cents per share in 2018.