First Eagle Investment Management LLC Lowers Stake in Air Transport Services Group, Inc. (NASDAQ:ATSG)

First Eagle Investment Management LLC lowered its stake in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) by 21.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 409,126 shares of the transportation company’s stock after selling 114,515 shares during the period. First Eagle Investment Management LLC owned 0.62% of Air Transport Services Group worth $8,993,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of ATSG. Empowered Funds LLC lifted its holdings in Air Transport Services Group by 11.1% during the third quarter. Empowered Funds LLC now owns 290,423 shares of the transportation company’s stock worth $4,702,000 after buying an additional 29,104 shares during the period. Meeder Asset Management Inc. lifted its holdings in shares of Air Transport Services Group by 106.0% during the 3rd quarter. Meeder Asset Management Inc. now owns 6,744 shares of the transportation company’s stock valued at $109,000 after purchasing an additional 3,471 shares during the last quarter. Phocas Financial Corp. lifted its holdings in shares of Air Transport Services Group by 49.4% during the 3rd quarter. Phocas Financial Corp. now owns 223,036 shares of the transportation company’s stock valued at $3,611,000 after purchasing an additional 73,752 shares during the last quarter. Intech Investment Management LLC purchased a new stake in shares of Air Transport Services Group during the 3rd quarter valued at $197,000. Finally, FMR LLC lifted its holdings in shares of Air Transport Services Group by 74.9% during the 3rd quarter. FMR LLC now owns 213,730 shares of the transportation company’s stock valued at $3,460,000 after purchasing an additional 91,521 shares during the last quarter. Hedge funds and other institutional investors own 91.81% of the company’s stock.

Analyst Upgrades and Downgrades

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

Air Transport Services Group Stock Performance

Shares of ATSG stock opened at $22.33 on Friday. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of -558.11 and a beta of 0.79. 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 business has a fifty day moving average of $22.22 and a 200 day moving average of $19.95. Air Transport Services Group, Inc. has a 1 year low of $11.62 and a 1 year high of $22.38.

Air Transport Services Group (NASDAQ:ATSG) last issued its earnings results on Monday, March 3rd. The transportation company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. The company had revenue of $1.96 billion during the quarter, compared to analyst estimates 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, research analysts expect that Air Transport Services Group, Inc. will post 0.83 earnings per share for the current year.

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.