Air Transport Services Group, Inc. (NASDAQ:ATSG) Position Lessened by Geode Capital Management LLC

Geode Capital Management LLC lowered its position in Air Transport Services Group, Inc. (NASDAQ:ATSG) by 0.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,231,440 shares of the transportation company’s stock after selling 7,273 shares during the quarter. Geode Capital Management LLC’s holdings in Air Transport Services Group were worth $27,072,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. American Century Companies Inc. lifted its holdings in shares of Air Transport Services Group by 3.3% during the 4th quarter. American Century Companies Inc. now owns 2,283,944 shares of the transportation company’s stock valued at $50,201,000 after buying an additional 72,367 shares during the last quarter. Alpine Associates Management Inc. bought a new stake in Air Transport Services Group in the fourth quarter worth approximately $31,377,000. State Street Corp increased its stake in shares of Air Transport Services Group by 1.1% during the 3rd quarter. State Street Corp now owns 1,258,673 shares of the transportation company’s stock worth $20,378,000 after purchasing an additional 13,880 shares during the last quarter. Alberta Investment Management Corp bought a new position in shares of Air Transport Services Group during the 4th quarter valued at $10,990,000. Finally, Versor Investments LP bought a new stake in Air Transport Services Group in the fourth quarter worth $6,760,000. 91.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Air Transport Services Group in a report on Monday. They set a “hold” rating on the stock. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Air Transport Services Group currently has a consensus rating of “Hold” and a consensus price target of $20.60.

Air Transport Services Group Price Performance

ATSG stock opened at $22.48 on Friday. Air Transport Services Group, Inc. has a 52-week low of $11.69 and a 52-week high of $22.49. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.81 and a quick ratio of 0.68. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of -561.86 and a beta of 0.89. The company has a 50-day moving average of $22.35 and a two-hundred day moving average of $21.13.

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

Air Transport Services Group 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.