Fmr LLC lowered its position in Air Transport Services Group, Inc (NASDAQ:ATSG) by 9.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,843,795 shares of the transportation company’s stock after selling 291,561 shares during the period. Fmr LLC owned about 4.78% of Air Transport Services Group worth $61,937,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Victory Capital Management Inc. grew its holdings in shares of 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 acquiring an additional 1,058 shares during the period. Pacad Investment Ltd. bought a new stake in shares of Air Transport Services Group in the second quarter worth $168,000. First Mercantile Trust Co. bought a new stake in shares of Air Transport Services Group in the second quarter worth $169,000. SG Americas Securities LLC grew its holdings in shares of 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 acquiring an additional 1,632 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in shares of 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 acquiring an additional 5,196 shares during the period. 88.07% of the stock is owned by institutional investors.

Several analysts recently commented on ATSG shares. Zacks Investment Research lowered Air Transport Services Group from a “strong-buy” rating to a “hold” rating in a report on Monday, July 17th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $20.00 price objective on shares of Air Transport Services Group in a report on Tuesday, September 12th. BidaskClub raised Air Transport Services Group from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Susquehanna Bancshares Inc started coverage on Air Transport Services Group in a report on Thursday, August 17th. They issued a “neutral” rating and a $22.00 price objective for the company. Finally, Cowen and Company reaffirmed a “buy” rating and issued a $27.00 price objective on shares of Air Transport Services Group in a report on Friday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $23.13.

In other Air Transport Services Group news, Director Richard M. Baudouin sold 8,100 shares of Air Transport Services Group stock in a transaction dated 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 Securities & Exchange Commission, which is available at this hyperlink. Also, insider W Joseph Payne sold 5,000 shares of Air Transport Services Group 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 transaction, the insider now owns 185,452 shares of the company’s stock, valued at approximately $4,547,283.04. The disclosure for this sale can be found here. Insiders have sold a total of 20,600 shares of company stock valued at $479,951 in the last quarter. Company insiders own 2.20% of the company’s stock.

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Shares of Air Transport Services Group, Inc (NASDAQ:ATSG) opened at 24.35 on Friday. The company’s market cap is $1.44 billion. The firm’s 50-day moving average price is $23.85 and its 200 day moving average price is $22.14. Air Transport Services Group, Inc has a 12-month low of $12.94 and a 12-month high of $25.91.

Air Transport Services Group (NASDAQ:ATSG) last released its quarterly earnings data on Monday, August 7th. The transportation company reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.02. The business 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 company’s revenue was up 43.4% on a year-over-year basis. During the same quarter last year, the business posted $0.13 EPS. On average, analysts predict that Air Transport Services Group, Inc will post $0.86 earnings per share for the current year.

Air Transport Services Group 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.

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

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