Trading Report: Today, Algert Global LLC Sold shares of Air Transport Services Group Inc. (ATSG)

Today, Algert Global LLC Sold shares of Air Transport Services Group Inc. (ATSG)

Algert Global LLC decreased its stake in Air Transport Services Group Inc. (NASDAQ:ATSG) by 49.7% during the third quarter, Holdings Channel reports. The fund owned 21,367 shares of the company’s stock after selling 21,081 shares during the period. Algert Global LLC’s holdings in Air Transport Services Group were worth $307,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC acquired a new position in shares of Air Transport Services Group during the second quarter valued at $104,000. Societe Generale purchased a new stake in shares of Air Transport Services Group during the second quarter valued at approximately $104,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Air Transport Services Group during the second quarter valued at approximately $131,000. Engineers Gate Manager LP purchased a new stake in shares of Air Transport Services Group during the second quarter valued at approximately $133,000. Finally, BlackRock Inc. boosted its stake in shares of Air Transport Services Group by 200.1% in the second quarter. BlackRock Inc. now owns 11,518 shares of the company’s stock valued at $149,000 after buying an additional 7,680 shares during the last quarter. 92.91% of the stock is owned by institutional investors and hedge funds.

Shares of Air Transport Services Group Inc. (NASDAQ:ATSG) traded up 1.85% during mid-day trading on Friday, reaching $16.51. The company’s stock had a trading volume of 164,763 shares. The firm has a market capitalization of $983.47 million, a P/E ratio of 29.17 and a beta of 1.84. Air Transport Services Group Inc. has a 1-year low of $8.73 and a 1-year high of $16.95. The company’s 50-day moving average is $14.89 and its 200 day moving average is $14.01.

Air Transport Services Group (NASDAQ:ATSG) last posted its quarterly earnings results on Thursday, November 3rd. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by $0.01. The business earned $193.26 million during the quarter, compared to analyst estimates of $183.05 million. Air Transport Services Group had a net margin of 5.04% and a return on equity of 10.56%. The firm’s quarterly revenue was up 35.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.10 earnings per share. On average, analysts expect that Air Transport Services Group Inc. will post $0.62 earnings per share for the current year.

ATSG has been the subject of several research reports. Zacks Investment Research cut Air Transport Services Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 25th. Stifel Nicolaus initiated coverage on Air Transport Services Group in a research report on Thursday, August 25th. They set a “hold” rating for the company. Finally, TheStreet upgraded Air Transport Services Group from a “hold” rating to a “buy” rating in a research report on Wednesday, August 17th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $17.00.

In other news, CEO Joseph C. Hete sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $16.24, for a total value of $812,000.00. Following the completion of the sale, the chief executive officer now directly owns 674,992 shares of the company’s stock, valued at approximately $10,961,870.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider W Joseph Payne sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $16.40, for a total value of $328,000.00. Following the completion of the sale, the insider now directly owns 206,706 shares of the company’s stock, valued at $3,389,978.40. The disclosure for this sale can be found here. 2.20% of the stock is owned by insiders.

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. Through the Company’s subsidiaries, it offers a range of complementary services to delivery companies, freight forwarders, airlines and government customers.

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