AlphaQuest LLC Buys 1,246 Shares of Air Transport Services Group, Inc. (NASDAQ:ATSG)

AlphaQuest LLC boosted its stake in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) by 89.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,634 shares of the transportation company’s stock after acquiring an additional 1,246 shares during the quarter. AlphaQuest LLC’s holdings in Air Transport Services Group were worth $58,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in ATSG. Independence Bank of Kentucky purchased a new position in shares of Air Transport Services Group during the fourth quarter valued at approximately $33,000. Meeder Asset Management Inc. boosted its position in shares of Air Transport Services Group by 106.0% during the third quarter. Meeder Asset Management Inc. now owns 6,744 shares of the transportation company’s stock valued at $109,000 after buying an additional 3,471 shares during the period. Peoples Bank OH purchased a new position in shares of Air Transport Services Group during the fourth quarter valued at approximately $216,000. Cetera Trust Company N.A boosted its position in shares of Air Transport Services Group by 6.6% during the fourth quarter. Cetera Trust Company N.A now owns 11,635 shares of the transportation company’s stock valued at $256,000 after buying an additional 725 shares during the period. Finally, Intech Investment Management LLC purchased a new position in shares of Air Transport Services Group during the third quarter valued at approximately $197,000. 91.81% of the stock is owned by institutional investors.

Air Transport Services Group Stock Down 0.1 %

Shares of NASDAQ ATSG opened at $22.32 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.68 and a current ratio of 0.81. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of -557.86 and a beta of 0.79. The stock has a 50 day moving average price of $22.25 and a 200 day moving average price of $20.15. Air Transport Services Group, Inc. has a 52-week low of $11.69 and a 52-week high of $22.38.

Air Transport Services Group (NASDAQ:ATSG) last announced its quarterly earnings results on Monday, March 3rd. The transportation company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. The firm had revenue of $1.96 billion during the quarter, compared to analyst estimates of $521.36 million. Air Transport Services Group had a positive return on equity of 3.12% and a negative net margin of 0.12%. Sell-side analysts expect that Air Transport Services Group, Inc. will post 0.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Air Transport Services Group in a research report on Friday. They set a “hold” rating for the company. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $20.60.

Air Transport Services Group Company Profile

Air Transport Services Group, Inc, together with its subsidiaries, provides aircraft leasing, and air cargo transportation and related services in the United States and internationally. It operates in two segments, Cargo Aircraft Management Inc (CAM) and ACMI Services. The company offers aircraft, flight crews, 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.