Deroy & Devereaux Private Investment Counsel Inc. increased its stake in Air Transport Services Group, Inc (NASDAQ:ATSG) by 16.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 595,296 shares of the transportation company’s stock after buying an additional 82,807 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. owned about 1.00% of Air Transport Services Group worth $12,966,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. increased its stake in Air Transport Services Group by 49.9% in the second quarter. Russell Investments Group Ltd. now owns 575,792 shares of the transportation company’s stock valued at $12,540,000 after buying an additional 191,760 shares during the period. Goldman Sachs Group Inc. increased its stake in Air Transport Services Group by 16.9% in the first quarter. Goldman Sachs Group Inc. now owns 30,810 shares of the transportation company’s stock valued at $495,000 after buying an additional 4,452 shares during the period. Driehaus Capital Management LLC increased its stake in Air Transport Services Group by 50.4% in the first quarter. Driehaus Capital Management LLC now owns 627,923 shares of the transportation company’s stock valued at $10,078,000 after buying an additional 210,458 shares during the period. Tudor Investment Corp ET AL bought a new stake in Air Transport Services Group during the first quarter valued at approximately $289,000. Finally, AQR Capital Management LLC increased its stake in Air Transport Services Group by 5.5% in the first quarter. AQR Capital Management LLC now owns 96,308 shares of the transportation company’s stock valued at $1,545,000 after buying an additional 5,063 shares during the period. 87.64% of the stock is currently owned by institutional investors and hedge funds.

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

Air Transport Services Group (NASDAQ:ATSG) last issued its quarterly earnings results on Monday, August 7th. The transportation company reported $0.21 EPS for the quarter, topping the Zacks’ 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 company had revenue of $253.21 million during the quarter, compared to analysts’ expectations of $235.69 million. During the same quarter in the previous year, the firm posted $0.13 EPS. The firm’s revenue was up 43.4% compared to the same quarter last year. Equities analysts forecast that Air Transport Services Group, Inc will post $0.89 earnings per share for the current fiscal year.

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Several equities research analysts have commented on the company. BidaskClub downgraded Air Transport Services Group from a “buy” rating to a “hold” rating in a report on Friday. Cowen and Company reissued an “outperform” rating and issued a $27.00 target price (up from $25.00) on shares of Air Transport Services Group in a report on Thursday. Zacks Investment Research downgraded Air Transport Services Group from a “hold” rating to a “sell” rating in a report on Wednesday. TheStreet cut Air Transport Services Group from a “b+” rating to a “c+” rating in a research note on Monday, August 7th. Finally, 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. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. Air Transport Services Group has an average rating of “Hold” and a consensus price target of $23.29.

In other Air Transport Services Group news, insider W Joseph Payne sold 5,000 shares of Air Transport Services Group stock in a transaction dated Tuesday, August 1st. The stock was 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 of the company’s stock, valued at approximately $4,547,283.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Matthew E. Fedders sold 4,102 shares of Air Transport Services Group stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $22.24, for a total value of $91,228.48. Following the sale, the vice president now directly owns 24,842 shares of the company’s stock, valued at approximately $552,486.08. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,414,480 shares of company stock valued at $99,000,315. 2.20% of the stock is currently owned by 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.

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

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