Monarch Partners Asset Management LLC reduced its position in shares of Air Transport Services Group, Inc (NASDAQ:ATSG) by 41.3% during the second quarter, Holdings Channel reports. The institutional investor owned 233,713 shares of the transportation company’s stock after selling 164,330 shares during the period. Monarch Partners Asset Management LLC’s holdings in Air Transport Services Group were worth $5,090,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. 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 worth $111,000 after buying an additional 1,058 shares in the last quarter. 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 worth $180,000 after buying an additional 5,196 shares in the last quarter. 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 worth $180,000 after buying an additional 1,632 shares in the last quarter. 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 worth $190,000 after buying an additional 11,800 shares in the last quarter. Finally, Intrust Bank NA bought a new stake in Air Transport Services Group during the first quarter worth about $233,000. 87.64% of the stock is currently owned by institutional investors.

Air Transport Services Group, Inc (ATSG) opened at 22.70 on Friday. Air Transport Services Group, Inc has a 12-month low of $12.94 and a 12-month high of $25.75. The stock has a 50 day moving average price of $23.32 and a 200-day moving average price of $19.92. The stock’s market cap is $1.34 billion.

Air Transport Services Group (NASDAQ:ATSG) last released its quarterly earnings results on Monday, August 7th. The transportation company reported $0.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.02. Air Transport Services Group had a positive return on equity of 14.27% and a negative net margin of 4.42%. The business had revenue of $253.21 million for the quarter, compared to analysts’ expectations of $235.69 million. During the same quarter in the previous year, the firm posted $0.13 earnings per share. The company’s revenue was up 43.4% compared to the same quarter last year. On average, equities analysts expect that Air Transport Services Group, Inc will post $0.89 earnings per share for the current year.

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A number of equities research analysts have issued reports on ATSG shares. Sidoti reaffirmed a “buy” rating and issued a $26.00 price target (up previously from $23.00) on shares of Air Transport Services Group in a research report on Sunday, May 14th. BidaskClub raised Air Transport Services Group from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. TheStreet lowered Air Transport Services Group from a “b+” rating to a “c+” rating in a research report on Monday, August 7th. Zacks Investment Research downgraded Air Transport Services Group from a “strong-buy” rating to a “hold” rating in a report on Monday, July 17th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $20.00 price objective on shares of Air Transport Services Group in a report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. Air Transport Services Group presently has a consensus rating of “Hold” and an average target price of $23.29.

In related news, insider W Joseph Payne sold 5,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $24.52, for a total value of $122,600.00. Following the transaction, the insider now owns 185,452 shares in the company, valued at $4,547,283.04. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Quint O. Turner sold 8,048 shares of the business’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $23.08, for a total value of $185,747.84. Following the completion of the transaction, the chief financial officer now owns 271,175 shares in the company, valued at approximately $6,258,719. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,414,480 shares of company stock worth $99,000,315. Insiders own 2.20% of the company’s stock.

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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