PNC Financial Services Group Inc. Has $194,000 Position in Air Transport Services Group, Inc. (NASDAQ:ATSG)

PNC Financial Services Group Inc. lessened its stake in Air Transport Services Group, Inc. (NASDAQ:ATSG) by 58.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,848 shares of the transportation company’s stock after selling 12,422 shares during the period. PNC Financial Services Group Inc.’s holdings in Air Transport Services Group were worth $194,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Independence Bank of Kentucky bought a new stake in shares of Air Transport Services Group in the 4th quarter worth approximately $33,000. Intech Investment Management LLC bought a new position in Air Transport Services Group in the third quarter worth $197,000. Peoples Bank OH acquired a new stake in Air Transport Services Group during the fourth quarter worth $216,000. Cetera Trust Company N.A boosted its stake in 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 worth $256,000 after buying an additional 725 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in Air Transport Services Group in the 3rd quarter valued at $269,000. 91.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Air Transport Services Group in a research report on Friday. They set 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $20.60.

Air Transport Services Group Price Performance

Shares of ATSG stock opened at $22.33 on Monday. The stock’s fifty day simple moving average is $22.25 and its 200 day simple moving average is $20.25. Air Transport Services Group, Inc. has a one year low of $11.69 and a one year high of $22.38. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of -558.11 and a beta of 0.79. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.81 and a quick ratio of 0.68.

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

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.