Charles Schwab Investment Management Inc. Lowers Holdings in Air Transport Services Group, Inc. (NASDAQ:ATSG)

Charles Schwab Investment Management Inc. lowered its position in Air Transport Services Group, Inc. (NASDAQ:ATSG) by 21.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 584,824 shares of the transportation company’s stock after selling 156,312 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.89% of Air Transport Services Group worth $12,854,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Independence Bank of Kentucky acquired a new position in shares of Air Transport Services Group in the 4th quarter valued at $33,000. Intech Investment Management LLC acquired a new position in shares of Air Transport Services Group in the 3rd quarter valued at $197,000. Peoples Bank OH acquired a new position in shares of Air Transport Services Group in the 4th quarter valued at $216,000. Cetera Trust Company N.A increased its holdings in shares of Air Transport Services Group by 6.6% in the 4th quarter. Cetera Trust Company N.A now owns 11,635 shares of the transportation company’s stock valued at $256,000 after acquiring an additional 725 shares during the period. Finally, XTX Topco Ltd purchased a new position in Air Transport Services Group in the 3rd quarter valued at $269,000. Hedge funds and other institutional investors own 91.81% of the company’s stock.

Air Transport Services Group Stock Up 0.0 %

Shares of NASDAQ:ATSG opened at $22.33 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.68 and a debt-to-equity ratio of 1.06. The company has a fifty day simple moving average of $22.25 and a 200 day simple moving average of $20.19. The firm has a market cap of $1.47 billion, a PE ratio of -558.11 and a beta of 0.79. Air Transport Services Group, Inc. has a 12-month low of $11.69 and a 12-month high of $22.38.

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

Analyst Ratings Changes

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

Air Transport Services Group 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.