Legal & General Group Plc cut its stake in shares of Air Transport Services Group, Inc (NASDAQ:ATSG) by 1.5% during the first quarter, Holdings Channel reports. The firm owned 11,843 shares of the transportation company’s stock after selling 182 shares during the period. Legal & General Group Plc’s holdings in Air Transport Services Group were worth $190,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ATSG. Victory Capital Management Inc. increased 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. increased 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 increased 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. Intrust Bank NA purchased a new stake in Air Transport Services Group during the first quarter valued at about $233,000. Finally, Fox Run Management L.L.C. purchased a new stake in Air Transport Services Group during the first quarter valued at about $385,000. Institutional investors and hedge funds own 87.64% of the company’s stock.

Shares of Air Transport Services Group, Inc (NASDAQ:ATSG) traded down 0.96% during trading on Friday, reaching $22.70. The company’s stock had a trading volume of 483,566 shares. Air Transport Services Group, Inc has a 52-week low of $12.94 and a 52-week high of $25.75. The stock’s market cap is $1.34 billion. The stock has a 50-day moving average of $23.32 and a 200-day moving average of $19.92.

Air Transport Services Group (NASDAQ:ATSG) last posted its quarterly earnings data on Monday, August 7th. The transportation company reported $0.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.02. The company had revenue of $253.21 million during the quarter, compared to analyst estimates of $235.69 million. Air Transport Services Group had a positive return on equity of 14.27% and a negative net margin of 4.42%. The firm’s quarterly revenue was up 43.4% on a year-over-year basis. During the same quarter last year, the company earned $0.13 earnings per share. Analysts predict that Air Transport Services Group, Inc will post $0.89 earnings per share for the current fiscal year.

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Several analysts recently issued reports on the company. TheStreet downgraded Air Transport Services Group from a “b+” rating to a “c+” rating in a research note on Monday, August 7th. BidaskClub downgraded Air Transport Services Group from a “buy” rating to a “hold” rating in a research note on Friday. Cowen and Company restated an “outperform” rating and issued a $27.00 price target (up from $25.00) on shares of Air Transport Services Group in a research note on Thursday. Stifel Nicolaus restated a “hold” rating and issued a $20.00 price target on shares of Air Transport Services Group in a research note on Friday, August 4th. Finally, Imperial Capital boosted their price target on Air Transport Services Group from $18.00 to $23.00 and gave the company an “in-line” rating in a research note on Friday, May 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $23.29.

In related news, insider Richard Francis Corrado sold 20,000 shares of Air Transport Services Group stock in a transaction on Monday, May 15th. The stock was sold at an average price of $23.05, for a total transaction of $461,000.00. Following the completion of the sale, the insider now owns 112,839 shares of the company’s stock, valued at $2,600,938.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Willem Mesdag sold 4,377,330 shares of Air Transport Services Group stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $22.42, for a total value of $98,139,738.60. The disclosure for this sale can be found here. Insiders have sold 4,414,480 shares of company stock valued at $99,000,315 in the last three months. 2.20% of the stock is owned by corporate insiders.

Air Transport Services Group Company Profile

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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