14,592 Shares in Air Transport Services Group, Inc. (NASDAQ:ATSG) Acquired by Caption Management LLC

Caption Management LLC purchased a new stake in Air Transport Services Group, Inc. (NASDAQ:ATSG) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 14,592 shares of the transportation company’s stock, valued at approximately $321,000.

Several other institutional investors have also modified their holdings of ATSG. Alpine Associates Management Inc. purchased a new position in Air Transport Services Group in the fourth quarter valued at $31,377,000. FIL Ltd purchased a new position in shares of Air Transport Services Group in the 4th quarter valued at about $31,146,000. TIG Advisors LLC purchased a new position in shares of Air Transport Services Group in the 4th quarter valued at about $29,290,000. Nexpoint Asset Management L.P. acquired a new position in shares of Air Transport Services Group during the fourth quarter worth about $22,907,000. Finally, Grantham Mayo Van Otterloo & Co. LLC purchased a new stake in shares of Air Transport Services Group during the fourth quarter worth approximately $16,720,000. 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 Thursday. The stock 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, Inc. has a fifty-two week low of $11.69 and a fifty-two week high of $22.49. The company has a quick ratio of 0.68, a current ratio of 0.81 and a debt-to-equity ratio of 1.06. The business has a 50 day moving average price of $22.41 and a 200 day moving average price of $21.83.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Air Transport Services Group in a report on Thursday. They set a “hold” rating for the company. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Air Transport Services Group currently has an average rating of “Hold” and an average price target of $20.60.

About Air Transport Services Group

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.