Victory Capital Management Inc. holds $1.15 million stake in Air Transport Services Group, Inc. (NASDAQ:ATSG)


Victory Capital Management Inc. increased its holdings of shares of Air Transport Services Group, Inc. (NASDAQ:ATSG – Get Rating) by 67.6% in the first quarter, the company says in its latest Form 13F filing with the Securities & Exchange Commission. The fund held 36,818 shares of the transportation company after buying an additional 14,854 shares during the quarter. Victory Capital Management Inc.’s holdings in Air Transport Services Group were worth $1,152,000 when it last filed with the SEC.

A number of other large investors have also recently changed their holdings in ATSG. Dimensional Fund Advisors LP increased its stake in shares of Air Transport Services Group by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,553,187 shares of the transportation company valued at $75,010,000 after buying an additional 59,975 shares in the last quarter. Bernzott Capital Advisors increased its stake in shares of Air Transport Services Group by 0.4% in the first quarter. Bernzott Capital Advisors now owns 1,264,067 shares of the transportation company valued at $42,283,000 after buying an additional 5,406 shares last quarter. Geode Capital Management LLC increased its stake in shares of Air Transport Services Group by 7.3% in the fourth quarter. Geode Capital Management LLC now owns 1,085,895 shares of the transportation company valued at $31,903,000 after purchasing an additional 74,206 shares last quarter. Bank of America Corp DE increased its stake in shares of Air Transport Services Group by 7.7% in the fourth quarter. Bank of America Corp DE now owns 960,425 shares of the transportation company valued at $28,216,000 after buying an additional 69,048 shares last quarter. Finally, Private Capital Management LLC increased its stake in shares of Air Transport Services Group by 5.3% in the fourth quarter. Private Capital Management LLC now owns 803,160 shares of the transportation company valued at $23,597,000 after buying 40,253 additional shares last quarter. 93.34% of the shares are currently held by institutional investors and hedge funds.

Airline Services Group Price Performance

Shares of ATSG opened at $32.07 on Monday. The stock’s fifty-day moving average is $29.93 and its 200-day moving average is $30.18. The company has a debt ratio of 0.96, a quick ratio of 0.89 and a current ratio of 1.19. The stock has a market capitalization of $2.38 billion, a PE ratio of 12.33 and a beta of 0.56. Air Transport Services Group, Inc. has a 52-week low of $23.68 and a 52-week high of $34.54.

Air Transport Services Group (NASDAQ:ATSG – Get Rating) last announced its 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. The company posted revenue of $510.00 million for the quarter, compared to analysts’ expectations of $505.54 million. Air Transport Services Group achieved a return on equity of 14.39% and a net margin of 11.01%. The company’s revenue for the quarter increased 24.4% year over year. In the same quarter a year earlier, the company earned $0.35 per share. Equity research analysts expect Air Transport Services Group, Inc. to post EPS of 2.12 for the current fiscal year.

Analyst upgrades and downgrades

ATSG has been the subject of a number of recent research reports. StockNews.com downgraded Air Transport Services Group from a “buy” rating to a “hold” rating in a Saturday, June 18 research rating. Cowen raised its price target on Air Transport Services Group from $31.00 to $40.00 in a Monday, May 9 research report. Finally, Cowen raised its price target on Air Transport Services Group from $31.00 to $40.00 in a Monday, May 9 research report.

Airline Services Group Company Profile

(Get an assessment)

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.

Further reading

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



Receive daily news and reviews for Air Transport Services Group – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Air Transport Services Group and related companies with MarketBeat.com’s free daily email newsletter.

Comments are closed.