Air Transport Services Group, Inc (ATSG) Shares Bought by Nationwide Fund Advisors

Nationwide Fund Advisors boosted its holdings in shares of Air Transport Services Group, Inc (NASDAQ:ATSG) by 125.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 98,455 shares of the transportation company’s stock after buying an additional 54,762 shares during the period. Nationwide Fund Advisors owned approximately 0.17% of Air Transport Services Group worth $2,144,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Victory Capital Management Inc. boosted its stake in Air Transport Services Group by 18.2% during the first quarter. Victory Capital Management Inc. now owns 6,887 shares of the transportation company’s stock valued at $111,000 after buying an additional 1,058 shares during the period. Pacad Investment Ltd. bought a new stake in Air Transport Services Group during the second quarter valued at $168,000. First Mercantile Trust Co. bought a new stake in Air Transport Services Group during the second quarter valued at $169,000. Envestnet Asset Management Inc. boosted its stake in Air Transport Services Group by 87.5% during the first quarter. Envestnet Asset Management Inc. now owns 11,136 shares of the transportation company’s stock valued at $180,000 after buying an additional 5,196 shares during the period. Finally, SG Americas Securities LLC boosted its stake in Air Transport Services Group by 17.1% during the first quarter. SG Americas Securities LLC now owns 11,196 shares of the transportation company’s stock valued at $180,000 after buying an additional 1,632 shares during the period. 88.07% of the stock is owned by institutional investors.

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Shares of Air Transport Services Group, Inc (ATSG) opened at 24.35 on Monday. The company’s market cap is $1.44 billion. The company’s 50-day moving average price is $23.85 and its 200 day moving average price is $22.18. Air Transport Services Group, Inc has a 1-year low of $12.94 and a 1-year high of $25.91.

Air Transport Services Group (NASDAQ:ATSG) last issued its quarterly earnings data on Monday, August 7th. The transportation company reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.02. The firm had revenue of $253.21 million during the quarter, compared to analyst estimates of $235.69 million. Air Transport Services Group had a positive return on equity of 14.27% and a negative net margin of 4.42%. The business’s quarterly revenue was up 43.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.13 earnings per share. On average, analysts predict that Air Transport Services Group, Inc will post $0.86 earnings per share for the current fiscal year.

In other news, Director Richard M. Baudouin sold 8,100 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $21.71, for a total transaction of $175,851.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider W Joseph Payne sold 7,500 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $24.20, for a total value of $181,500.00. Following the transaction, the insider now owns 177,952 shares of the company’s stock, valued at approximately $4,306,438.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,600 shares of company stock valued at $479,951. Company insiders own 2.20% of the company’s stock.

ATSG has been the subject of several research analyst reports. Cowen and Company reissued an “outperform” rating and set a $27.00 price objective (up previously from $25.00) on shares of Air Transport Services Group in a research note on Thursday, August 10th. BidaskClub raised Air Transport Services Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Zacks Investment Research raised Air Transport Services Group from a “hold” rating to a “strong-buy” rating and set a $25.00 price objective for the company in a research note on Tuesday, July 4th. Stifel Nicolaus reissued a “hold” rating and set a $20.00 price objective on shares of Air Transport Services Group in a research note on Friday, August 4th. Finally, Susquehanna Bancshares Inc initiated coverage on Air Transport Services Group in a research note on Thursday, August 17th. They set a “neutral” rating and a $22.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $23.13.

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.

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

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