TIAA CREF Investment Management LLC trimmed its position in Air Transport Services Group, Inc (NASDAQ:ATSG) by 20.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 197,012 shares of the transportation company’s stock after selling 50,913 shares during the period. TIAA CREF Investment Management LLC owned about 0.33% of Air Transport Services Group worth $4,291,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Air Transport Services Group by 5.5% in the 1st quarter. Vanguard Group Inc. now owns 4,050,634 shares of the transportation company’s stock worth $65,013,000 after buying an additional 211,204 shares during the last quarter. FMR LLC boosted its holdings in Air Transport Services Group by 79.2% in the 1st quarter. FMR LLC now owns 3,135,356 shares of the transportation company’s stock worth $50,323,000 after buying an additional 1,386,101 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Air Transport Services Group by 16,471.6% in the 2nd quarter. Victory Capital Management Inc. now owns 1,141,285 shares of the transportation company’s stock worth $24,857,000 after buying an additional 1,134,398 shares during the last quarter. IPG Investment Advisors LLC boosted its holdings in Air Transport Services Group by 3.5% in the 2nd quarter. IPG Investment Advisors LLC now owns 846,340 shares of the transportation company’s stock worth $18,433,000 after buying an additional 28,970 shares during the last quarter. Finally, Hodges Capital Management Inc. acquired a new stake in Air Transport Services Group in the 2nd quarter worth about $14,497,000. Institutional investors own 88.07% of the company’s stock.

Several equities research analysts recently issued reports on the company. Zacks Investment Research upgraded Air Transport Services Group from a “sell” rating to a “hold” rating in a report on Monday. Cowen and Company set a $27.00 price objective on Air Transport Services Group and gave the stock a “buy” rating in a report on Friday, October 13th. Stifel Nicolaus reiterated a “hold” rating and issued a $20.00 price objective on shares of Air Transport Services Group in a report on Tuesday, September 12th. Susquehanna Bancshares Inc assumed coverage on Air Transport Services Group in a report on Thursday, August 17th. They issued a “neutral” rating and a $22.00 price objective on the stock. Finally, BidaskClub cut Air Transport Services Group from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $23.13.

Air Transport Services Group, Inc (ATSG) opened at 24.52 on Friday. Air Transport Services Group, Inc has a 1-year low of $12.94 and a 1-year high of $25.91. The stock’s market capitalization is $1.45 billion. The firm has a 50-day moving average of $24.09 and a 200-day moving average of $22.34.

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, beating the consensus estimate of $0.19 by $0.02. The business had revenue of $253.21 million for the quarter, compared to analyst estimates of $235.69 million. Air Transport Services Group had a negative net margin of 4.42% and a positive return on equity of 14.27%. The company’s quarterly revenue was up 43.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.13 earnings per share. Equities research analysts anticipate that Air Transport Services Group, Inc will post $0.86 EPS for the current year.

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In other news, Director Richard M. Baudouin sold 8,100 shares of the stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $21.71, for a total value of $175,851.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider W Joseph Payne sold 5,000 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $24.52, for a total transaction of $122,600.00. Following the completion of the sale, the insider now owns 185,452 shares in the company, valued at $4,547,283.04. The disclosure for this sale can be found here. Insiders sold 20,600 shares of company stock worth $479,951 over the last quarter. Company insiders own 2.20% of the company’s stock.

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.

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

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