Tygh Capital Management Inc. reduced its stake in Air Transport Services Group Inc. (NASDAQ:ATSG) by 41.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 247,669 shares of the transportation company’s stock after selling 174,670 shares during the period. Tygh Capital Management Inc.’s holdings in Air Transport Services Group were worth $6,043,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ATSG. Geode Capital Management LLC lifted its position in Air Transport Services Group by 11.3% during the 4th quarter. Geode Capital Management LLC now owns 662,506 shares of the transportation company’s stock valued at $15,111,000 after acquiring an additional 67,467 shares during the period. Pier Capital LLC raised its holdings in Air Transport Services Group by 36.4% in the first quarter. Pier Capital LLC now owns 387,602 shares of the transportation company’s stock worth $8,934,000 after buying an additional 103,501 shares during the last quarter. SG Americas Securities LLC raised its holdings in Air Transport Services Group by 74.2% in the first quarter. SG Americas Securities LLC now owns 48,430 shares of the transportation company’s stock worth $1,116,000 after buying an additional 20,622 shares during the last quarter. Quantamental Technologies LLC purchased a new position in Air Transport Services Group in the first quarter worth about $50,000. Finally, Emerald Advisers LLC raised its holdings in Air Transport Services Group by 8.6% in the first quarter. Emerald Advisers LLC now owns 859,636 shares of the transportation company’s stock worth $19,815,000 after buying an additional 68,394 shares during the last quarter. Hedge funds and other institutional investors own 90.88% of the company’s stock.

In other news, CFO Quint O. Turner sold 3,000 shares of Air Transport Services Group stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $23.34, for a total value of $70,020.00. Following the completion of the sale, the chief financial officer now directly owns 244,303 shares in the company, valued at $5,702,032.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert K. Coretz purchased 10,000 shares of Air Transport Services Group stock in a transaction dated Wednesday, August 14th. The stock was bought at an average price of $20.00 per share, with a total value of $200,000.00. Following the completion of the purchase, the director now directly owns 135,000 shares of the company’s stock, valued at $2,700,000. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 13,400 shares of company stock valued at $269,516 and sold 19,659 shares valued at $464,239. Insiders own 2.30% of the company’s stock.

Several research analysts have issued reports on the stock. BidaskClub cut shares of Air Transport Services Group from a “hold” rating to a “sell” rating in a report on Friday, August 9th. Zacks Investment Research cut shares of Air Transport Services Group from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Imperial Capital reaffirmed an “outperform” rating and issued a $31.00 target price (up from $28.00) on shares of Air Transport Services Group in a report on Thursday, May 9th. Stifel Nicolaus set a $26.00 target price on shares of Air Transport Services Group and gave the stock a “buy” rating in a report on Thursday, May 16th. Finally, TheStreet cut shares of Air Transport Services Group from a “b-” rating to a “c” rating in a report on Monday, August 5th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $28.80.

Air Transport Services Group stock traded down $0.01 during trading hours on Wednesday, hitting $20.39. The stock had a trading volume of 8,171 shares, compared to its average volume of 397,726. The company has a quick ratio of 0.78, a current ratio of 0.92 and a debt-to-equity ratio of 3.89. The stock has a market capitalization of $1.21 billion, a P/E ratio of 16.34 and a beta of 0.95. Air Transport Services Group Inc. has a 12-month low of $17.06 and a 12-month high of $25.82. The stock’s 50-day moving average price is $22.52 and its 200-day moving average price is $22.84.

Air Transport Services Group (NASDAQ:ATSG) last announced its quarterly earnings results on Monday, August 5th. The transportation company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. Air Transport Services Group had a net margin of 2.13% and a return on equity of 21.56%. The firm had revenue of $334.60 million during the quarter, compared to analyst estimates of $333.05 million. During the same period in the previous year, the business posted $0.28 earnings per share. The business’s revenue for the quarter was up 64.3% on a year-over-year basis. On average, research analysts expect that Air Transport Services Group Inc. will post 1.32 EPS for the current fiscal year.

Air Transport Services Group Company Profile

Air Transport Services Group, Inc, through its subsidiaries, operates in the airfreight and logistics industry. The company owns and leases cargo aircraft to airlines and other customers. It also provides airline operations to delivery companies, airlines, freight forwarders, and the U.S. Military, as well as operates charter agreements.

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

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