Swiss National Bank increased its position in shares of Air Transport Services Group Inc. (NASDAQ:ATSG) by 5.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,550 shares of the transportation company’s stock after purchasing an additional 1,400 shares during the quarter. Swiss National Bank’s holdings in Air Transport Services Group were worth $672,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Financial Gravity Wealth Inc. grew its holdings in Air Transport Services Group by 294.1% during the second quarter. Financial Gravity Wealth Inc. now owns 1,608 shares of the transportation company’s stock worth $39,000 after acquiring an additional 1,200 shares during the period. Aperio Group LLC acquired a new stake in Air Transport Services Group during the 2nd quarter worth about $134,000. Fox Run Management L.L.C. acquired a new stake in Air Transport Services Group during the 2nd quarter worth about $211,000. Bluestein R H & Co. acquired a new stake in shares of Air Transport Services Group during the 1st quarter valued at about $231,000. Finally, Creative Planning lifted its holdings in shares of Air Transport Services Group by 8.8% during the 2nd quarter. Creative Planning now owns 12,884 shares of the transportation company’s stock valued at $314,000 after buying an additional 1,046 shares during the last quarter. Hedge funds and other institutional investors own 86.86% of the company’s stock.

NASDAQ ATSG traded up $0.34 on Friday, hitting $22.43. The company’s stock had a trading volume of 46,494 shares, compared to its average volume of 246,431. Air Transport Services Group Inc. has a 1-year low of $17.06 and a 1-year high of $25.82. 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 company’s 50-day moving average is $21.11 and its 200 day moving average is $22.39. The firm has a market cap of $1.28 billion, a PE ratio of 17.94 and a beta of 0.99.

Air Transport Services Group (NASDAQ:ATSG) last posted its quarterly earnings data on Monday, August 5th. The transportation company reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.03. The company had revenue of $334.60 million during the quarter, compared to analysts’ expectations of $333.05 million. Air Transport Services Group had a net margin of 2.13% and a return on equity of 21.56%. Air Transport Services Group’s revenue for the quarter was up 64.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.28 earnings per share. On average, equities analysts expect that Air Transport Services Group Inc. will post 1.38 EPS for the current year.

In other news, Director Robert K. Coretz purchased 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The shares were bought at an average cost of $20.00 per share, with a total value of $200,000.00. Following the completion of the transaction, the director now directly owns 135,000 shares of the company’s stock, valued at $2,700,000. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider W Joseph Payne sold 5,000 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $24.47, for a total transaction of $122,350.00. Following the transaction, the insider now directly owns 155,881 shares in the company, valued at $3,814,408.07. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 13,400 shares of company stock worth $269,516 and sold 10,450 shares worth $250,641. 2.30% of the stock is currently owned by company insiders.

Several research analysts have commented on the company. Stifel Nicolaus set a $26.00 price target on Air Transport Services Group and gave the stock a “buy” rating in a research report on Thursday, May 16th. TheStreet cut Air Transport Services Group from a “b-” rating to a “c” rating in a research report on Monday, August 5th. Zacks Investment Research cut Air Transport Services Group from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Finally, BidaskClub upgraded Air Transport Services Group from a “strong sell” rating to a “sell” rating in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $28.80.

About Air Transport Services Group

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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