Bank of Montreal Can Boosts Stock Position in Air Transport Services Group, Inc. (NASDAQ:ATSG)

Bank of Montreal Can increased its holdings in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) by 9.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,682 shares of the transportation company’s stock after buying an additional 10,200 shares during the period. Bank of Montreal Can owned about 0.19% of Air Transport Services Group worth $2,719,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in ATSG. Independence Bank of Kentucky acquired a new position in Air Transport Services Group during the fourth quarter worth $33,000. AlphaQuest LLC raised its position in shares of Air Transport Services Group by 89.8% during the 4th quarter. AlphaQuest LLC now owns 2,634 shares of the transportation company’s stock worth $58,000 after purchasing an additional 1,246 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in Air Transport Services Group in the 4th quarter valued at about $99,000. Meeder Asset Management Inc. lifted its stake in Air Transport Services Group by 29.4% in the 4th quarter. Meeder Asset Management Inc. now owns 8,724 shares of the transportation company’s stock valued at $192,000 after buying an additional 1,980 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ acquired a new stake in Air Transport Services Group in the 4th quarter worth about $204,000. Institutional investors and hedge funds own 91.81% of the company’s stock.

Air Transport Services Group Price Performance

ATSG stock opened at $22.48 on Wednesday. The company has a current ratio of 0.81, a quick ratio of 0.68 and a debt-to-equity ratio of 1.06. The firm has a 50-day moving average of $22.34 and a two-hundred day moving average of $21.11. Air Transport Services Group, Inc. has a 12 month low of $11.69 and a 12 month high of $22.49. The company has a market cap of $1.48 billion, a price-to-earnings ratio of -561.86 and a beta of 0.89.

Air Transport Services Group (NASDAQ:ATSG) last posted its quarterly earnings results on Monday, March 3rd. The transportation company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.35 by $0.05. The firm had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $521.36 million. Air Transport Services Group had a positive return on equity of 3.12% and a negative net margin of 0.12%. As a group, analysts forecast that Air Transport Services Group, Inc. will post 0.83 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Air Transport Services Group in a research report on Monday. They issued a “hold” rating on the stock. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $20.60.

Air Transport Services Group Company Profile

Air Transport Services Group, Inc, together with its subsidiaries, provides aircraft leasing, and air cargo transportation and related services in the United States and internationally. It operates in two segments, Cargo Aircraft Management Inc (CAM) and ACMI Services. The company offers aircraft, flight crews, aircraft hull and liability insurance, and aviation fuel services; and aircraft maintenance and modification services, including airframe modification and heavy maintenance, component repairs, engineering services, and aircraft line maintenance.