Metropolitan Life Insurance Co. NY held its position in shares of Air Transport Services Group, Inc (NASDAQ:ATSG) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,676 shares of the transportation company’s stock at the end of the first quarter. Metropolitan Life Insurance Co. NY’s holdings in Air Transport Services Group were worth $573,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nationwide Fund Advisors raised its position in shares of Air Transport Services Group by 0.4% in the first quarter. Nationwide Fund Advisors now owns 43,693 shares of the transportation company’s stock valued at $701,000 after buying an additional 189 shares in the last quarter. Victory Capital Management Inc. raised its position 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. SG Americas Securities LLC raised its position 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. LSV Asset Management raised its position in Air Transport Services Group by 0.7% in the first quarter. LSV Asset Management now owns 382,000 shares of the transportation company’s stock valued at $6,131,000 after buying an additional 2,500 shares during the period. Finally, UBS Group AG raised its position in Air Transport Services Group by 5.7% in the first quarter. UBS Group AG now owns 81,481 shares of the transportation company’s stock valued at $1,307,000 after buying an additional 4,374 shares during the period. 87.64% of the stock is owned by institutional investors.

Air Transport Services Group, Inc (ATSG) traded down 0.55% on Wednesday, hitting $23.53. 190,121 shares of the stock traded hands. Air Transport Services Group, Inc has a 12-month low of $12.94 and a 12-month high of $25.62. The stock has a 50-day moving average of $23.13 and a 200-day moving average of $19.63. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 63.94 and a beta of 2.01.

Air Transport Services Group (NASDAQ:ATSG) last posted its earnings results on Monday, August 7th. The transportation company reported $0.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.02. Air Transport Services Group had a negative net margin of 4.42% and a positive return on equity of 13.71%. The business had revenue of $253.21 million for the quarter, compared to analyst estimates of $235.69 million. During the same quarter in the prior year, the firm earned $0.13 EPS. The firm’s quarterly revenue was up 43.4% compared to the same quarter last year. Analysts forecast that Air Transport Services Group, Inc will post $0.92 earnings per share for the current year.

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Several research analysts have recently commented on the stock. TheStreet lowered shares of Air Transport Services Group from a “b+” rating to a “c+” rating in a report on Monday. Zacks Investment Research raised shares of Air Transport Services Group from a “hold” rating to a “strong-buy” rating and set a $25.00 price target for the company in a report on Tuesday, July 4th. BidaskClub lowered shares of Air Transport Services Group from a “buy” rating to a “hold” rating in a report on Friday, June 16th. Cowen and Company reaffirmed an “outperform” rating on shares of Air Transport Services Group in a report on Monday, May 15th. Finally, Imperial Capital lifted their price target on shares of Air Transport Services Group from $18.00 to $23.00 and gave the company an “in-line” rating in a report on Monday, May 15th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $23.00.

In other news, insider W Joseph Payne sold 5,000 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $24.52, for a total value of $122,600.00. Following the sale, the insider now owns 185,452 shares of the company’s stock, valued at approximately $4,547,283.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Matthew E. Fedders sold 4,102 shares of the company’s stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $22.24, for a total transaction of $91,228.48. Following the completion of the sale, the vice president now directly owns 24,842 shares in the company, valued at approximately $552,486.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,464,480 shares of company stock worth $100,146,815. 2.20% of the stock is owned by 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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