Alambic Investment Management L.P. Has $887,000 Stake in Air Transport Services Group Inc. (ATSG)

Alambic Investment Management L.P. lowered its stake in shares of Air Transport Services Group Inc. (NASDAQ:ATSG) by 34.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 38,022 shares of the transportation company’s stock after selling 20,042 shares during the quarter. Alambic Investment Management L.P. owned 0.06% of Air Transport Services Group worth $887,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Air Transport Services Group by 73.2% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,799 shares of the transportation company’s stock valued at $181,000 after purchasing an additional 3,295 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Air Transport Services Group by 8.9% during the 1st quarter. Wells Fargo & Company MN now owns 60,179 shares of the transportation company’s stock valued at $1,404,000 after purchasing an additional 4,926 shares during the last quarter. Guggenheim Capital LLC increased its position in shares of Air Transport Services Group by 35.7% during the 4th quarter. Guggenheim Capital LLC now owns 21,546 shares of the transportation company’s stock valued at $499,000 after purchasing an additional 5,673 shares during the last quarter. First Trust Advisors LP increased its position in shares of Air Transport Services Group by 5.4% during the 4th quarter. First Trust Advisors LP now owns 117,563 shares of the transportation company’s stock valued at $2,720,000 after purchasing an additional 5,997 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Air Transport Services Group during the 1st quarter valued at approximately $147,000. 86.39% of the stock is currently owned by hedge funds and other institutional investors.

In other Air Transport Services Group news, CFO Quint O. Turner sold 3,500 shares of the company’s stock in a transaction on Monday, April 9th. The stock was sold at an average price of $22.64, for a total value of $79,240.00. Following the completion of the sale, the chief financial officer now directly owns 243,874 shares in the company, valued at approximately $5,521,307.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Quint O. Turner sold 4,000 shares of the company’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $24.88, for a total value of $99,520.00. Following the completion of the sale, the chief financial officer now owns 253,124 shares of the company’s stock, valued at $6,297,725.12. The disclosure for this sale can be found here. Insiders sold a total of 30,739 shares of company stock worth $763,097 in the last ninety days. 2.10% of the stock is currently owned by corporate insiders.

Several brokerages have commented on ATSG. BidaskClub downgraded Air Transport Services Group from a “sell” rating to a “strong sell” rating in a research report on Saturday. Imperial Capital cut their price objective on Air Transport Services Group from $26.00 to $24.00 and set a “line” rating on the stock in a research report on Thursday. ValuEngine downgraded Air Transport Services Group from a “buy” rating to a “hold” rating in a research report on Wednesday, April 18th. Zacks Investment Research downgraded Air Transport Services Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 5th. Finally, Susquehanna Bancshares set a $27.00 price objective on Air Transport Services Group and gave the company a “hold” rating in a research report on Friday, March 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $27.00.

Shares of Air Transport Services Group stock opened at $21.38 on Monday. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of 23.76 and a beta of 1.85. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.99 and a current ratio of 1.12. Air Transport Services Group Inc. has a 52 week low of $19.17 and a 52 week high of $27.67.

Air Transport Services Group (NASDAQ:ATSG) last announced its quarterly earnings data on Tuesday, May 8th. The transportation company reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.13. The company had revenue of $257.40 million for the quarter, compared to the consensus estimate of $244.15 million. Air Transport Services Group had a return on equity of 21.26% and a net margin of 2.36%. Air Transport Services Group’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.17 EPS. equities analysts expect that Air Transport Services Group Inc. will post 1.26 EPS for the current fiscal year.

Air Transport Services Group announced that its Board of Directors has authorized a stock buyback program on Tuesday, February 27th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the transportation company to purchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

Air Transport Services Group Profile

Air Transport Services Group, Inc, through its subsidiaries, operates in the airfreight and logistics industry. The company owns and leases cargo aircraft to airlines and other customers. It also provides airline operations to delivery companies, airlines, freight forwarders, and the U.S. Military, as well as operates charter agreements.

Institutional Ownership by Quarter for Air Transport Services Group (NASDAQ:ATSG)

Receive News & Ratings for Air Transport Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Transport Services Group and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply