ETRADE Capital Management LLC reduced its stake in Air Transport Services Group, Inc (NASDAQ:ATSG) by 7.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,470 shares of the transportation company’s stock after selling 3,186 shares during the quarter. ETRADE Capital Management LLC owned about 0.07% of Air Transport Services Group worth $903,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in ATSG. Nationwide Fund Advisors raised its stake in 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 purchasing an additional 189 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Air Transport Services Group by 8.5% in the first quarter. Russell Investments Group Ltd. now owns 384,032 shares of the transportation company’s stock valued at $6,163,000 after purchasing an additional 29,943 shares in the last quarter. First Trust Advisors LP raised its stake in Air Transport Services Group by 53.4% in the first quarter. First Trust Advisors LP now owns 153,984 shares of the transportation company’s stock valued at $2,471,000 after purchasing an additional 53,586 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Air Transport Services Group by 68.4% in the first quarter. Bank of New York Mellon Corp now owns 551,768 shares of the transportation company’s stock valued at $8,856,000 after purchasing an additional 224,067 shares in the last quarter. Finally, Sei Investments Co. raised its stake in Air Transport Services Group by 15.0% in the first quarter. Sei Investments Co. now owns 91,250 shares of the transportation company’s stock valued at $1,464,000 after purchasing an additional 11,912 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Air Transport Services Group, Inc (NASDAQ:ATSG) opened at 25.30 on Monday. The firm’s 50 day moving average is $23.03 and its 200 day moving average is $21.10. The stock’s market capitalization is $1.50 billion. Air Transport Services Group, Inc has a 1-year low of $12.94 and a 1-year high of $25.75.

Air Transport Services Group (NASDAQ:ATSG) last issued its quarterly earnings data on Monday, August 7th. The transportation company reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.02. The business had revenue of $253.21 million for the quarter, compared to analysts’ expectations 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 company’s revenue for the quarter was up 43.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.13 EPS. On average, equities research analysts anticipate that Air Transport Services Group, Inc will post $0.86 earnings per share for the current year.

A number of equities research analysts recently weighed in on ATSG shares. Zacks Investment Research downgraded shares of Air Transport Services Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 17th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $20.00 target price on shares of Air Transport Services Group in a research note on Friday, August 4th. Cowen and Company reaffirmed an “outperform” rating and issued a $27.00 target price (up from $25.00) on shares of Air Transport Services Group in a research note on Thursday, August 10th. BidaskClub downgraded shares of Air Transport Services Group from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Finally, TheStreet downgraded shares of Air Transport Services Group from a “b+” rating to a “c+” rating in a research note on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. Air Transport Services Group has a consensus rating of “Hold” and an average target price of $23.13.

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In related news, Director Richard M. Baudouin sold 8,100 shares of the stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $21.71, for a total transaction of $175,851.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider W Joseph Payne sold 5,000 shares of the stock in a transaction on 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 in the company, valued at approximately $4,547,283.04. The disclosure for this sale can be found here. 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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