Rothschild Asset Management Inc. cut its stake in Air Transport Services Group, Inc (NASDAQ:ATSG) by 11.8% during the second quarter, Holdings Channel reports. The firm owned 542,652 shares of the transportation company’s stock after selling 72,411 shares during the period. Rothschild Asset Management Inc.’s holdings in Air Transport Services Group were worth $11,819,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Victory Capital Management Inc. raised its stake in Air Transport Services Group by 18.2% in the first quarter. Victory Capital Management Inc. now owns 6,887 shares of the transportation company’s stock valued at $111,000 after buying an additional 1,058 shares during the period. Envestnet Asset Management Inc. raised its stake in Air Transport Services Group by 87.5% in the first quarter. Envestnet Asset Management Inc. now owns 11,136 shares of the transportation company’s stock valued at $180,000 after buying an additional 5,196 shares during the period. SG Americas Securities LLC raised its stake in Air Transport Services Group by 17.1% in the first quarter. SG Americas Securities LLC now owns 11,196 shares of the transportation company’s stock valued at $180,000 after buying an additional 1,632 shares during the period. Globeflex Capital L P raised its stake in Air Transport Services Group by 17,878.8% in the first quarter. Globeflex Capital L P now owns 11,866 shares of the transportation company’s stock valued at $190,000 after buying an additional 11,800 shares during the period. Finally, Intrust Bank NA purchased a new stake in Air Transport Services Group during the first quarter valued at $233,000. Institutional investors own 87.64% of the company’s stock.

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Several equities research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Air Transport Services Group from a “strong-buy” rating to a “hold” rating in a report on Monday, July 17th. Cowen and Company reiterated an “outperform” rating on shares of Air Transport Services Group in a report on Monday, May 15th. Imperial Capital increased their target price on shares of Air Transport Services Group from $18.00 to $23.00 and gave the stock an “in-line” rating in a report on Friday, May 5th. BidaskClub raised shares of Air Transport Services Group from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $20.00 price objective on shares of Air Transport Services Group in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $23.00.

In related news, insider W Joseph Payne sold 5,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $24.52, for a total transaction of $122,600.00. Following the transaction, the insider now owns 185,452 shares in the company, valued at approximately $4,547,283.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Willem Mesdag sold 4,377,330 shares of the business’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $22.42, for a total transaction of $98,139,738.60. The disclosure for this sale can be found here. Insiders have sold a total of 4,473,192 shares of company stock worth $100,349,450 in the last quarter. 2.20% of the stock is owned by corporate insiders.

About Air Transport Services Group

Air Transport Services Group, Inc (ATSG) is a holding company. The Company provides airline operations, aircraft leases, aircraft maintenance and other support services primarily to the cargo transportation and package delivery industries. It offers aircraft, crew, maintenance and insurance (ACMI) for specified cargo operations.

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

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