Picton Mahoney Asset Management Makes New $6.05 Million Investment in Air Transport Services Group, Inc. (NASDAQ:ATSG)

Picton Mahoney Asset Management purchased a new position in Air Transport Services Group, Inc. (NASDAQ:ATSG) in the fourth quarter, Holdings Channel.com reports. The firm purchased 275,000 shares of the transportation company’s stock, valued at approximately $6,045,000.

Other institutional investors have also bought and sold shares of the company. Independence Bank of Kentucky purchased a new stake in Air Transport Services Group in the 4th quarter worth $33,000. AlphaQuest LLC boosted its holdings in shares of Air Transport Services Group by 89.8% during the 4th quarter. AlphaQuest LLC now owns 2,634 shares of the transportation company’s stock valued at $58,000 after purchasing an additional 1,246 shares during the last quarter. Meeder Asset Management Inc. boosted 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. Skandinaviska Enskilda Banken AB publ bought a new position in shares of Air Transport Services Group during the 4th quarter valued at about $204,000. Finally, Peoples Bank OH bought a new position in shares of Air Transport Services Group during the 4th quarter valued at about $216,000. Hedge funds and other institutional investors own 91.81% of the company’s stock.

Air Transport Services Group Stock Up 0.0 %

Shares of NASDAQ:ATSG opened at $22.33 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. Air Transport Services Group, Inc. has a 12 month low of $11.62 and a 12 month high of $22.38. The company has a 50-day moving average price of $22.22 and a 200 day moving average price of $20.01. The company has a market cap of $1.47 billion, a price-to-earnings ratio of -558.11 and a beta of 0.79.

Air Transport Services Group (NASDAQ:ATSG) last announced its quarterly earnings results on Monday, March 3rd. The transportation company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. Air Transport Services Group had a negative net margin of 0.12% and a positive return on equity of 3.12%. The firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $521.36 million. As a group, equities research analysts predict that Air Transport Services Group, Inc. will post 0.83 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Air Transport Services Group in a report on Thursday. They set a “hold” rating for the company. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $20.60.

Air Transport Services Group 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.