IPG Investment Advisors LLC Has $5.70 Million Stock Position in Air Transport Services Group, Inc. (NASDAQ:ATSG)

IPG Investment Advisors LLC lowered its stake in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) by 82.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 259,302 shares of the transportation company’s stock after selling 1,231,422 shares during the quarter. Air Transport Services Group comprises approximately 1.3% of IPG Investment Advisors LLC’s holdings, making the stock its 22nd largest holding. IPG Investment Advisors LLC owned 0.39% of Air Transport Services Group worth $5,699,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Independence Bank of Kentucky bought a new position in shares of Air Transport Services Group during the 4th quarter worth about $33,000. AlphaQuest LLC increased its stake in Air Transport Services Group by 89.8% during the fourth quarter. AlphaQuest LLC now owns 2,634 shares of the transportation company’s stock valued at $58,000 after acquiring an additional 1,246 shares during the period. KLP Kapitalforvaltning AS acquired a new position in Air Transport Services Group in the 4th quarter valued at approximately $99,000. Intech Investment Management LLC bought a new stake in shares of Air Transport Services Group in the 3rd quarter worth approximately $197,000. Finally, Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Air Transport Services Group during the 4th quarter worth approximately $204,000. 91.81% of the stock is currently owned by institutional investors and hedge funds.

Air Transport Services Group Trading Down 0.0 %

Shares of ATSG opened at $22.43 on Friday. 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 stock has a market cap of $1.48 billion, a PE ratio of -560.61 and a beta of 0.79. Air Transport Services Group, Inc. has a 1 year low of $11.69 and a 1 year high of $22.45. The stock has a 50 day simple moving average of $22.28 and a 200-day simple moving average of $20.47.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. Air Transport Services Group had a positive return on equity of 3.12% and a negative net margin of 0.12%. The company had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $521.36 million. On average, sell-side analysts predict that Air Transport Services Group, Inc. will post 0.83 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Air Transport Services Group in a research report on Saturday. They issued a “hold” rating for the company. Four investment 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, the stock has a consensus rating of “Hold” and an average target price 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.