Air Transport Services Group, Inc. (NASDAQ:ATSG) Shares Acquired by Meeder Asset Management Inc.

Meeder Asset Management Inc. boosted its holdings in Air Transport Services Group, Inc. (NASDAQ:ATSG) by 29.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 8,724 shares of the transportation company’s stock after acquiring an additional 1,980 shares during the period. Meeder Asset Management Inc.’s holdings in Air Transport Services Group were worth $192,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the business. Independence Bank of Kentucky bought a new stake in shares of Air Transport Services Group during the 4th quarter valued at about $33,000. AlphaQuest LLC lifted its holdings in Air Transport Services Group by 89.8% in the fourth quarter. AlphaQuest LLC now owns 2,634 shares of the transportation company’s stock worth $58,000 after acquiring an additional 1,246 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in Air Transport Services Group in the fourth quarter valued at approximately $99,000. Intech Investment Management LLC bought a new position in shares of Air Transport Services Group during the third quarter valued at 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. Institutional investors own 91.81% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Air Transport Services Group in a research note on Saturday. They set a “hold” rating for the company. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Air Transport Services Group currently has a consensus rating of “Hold” and an average target price of $20.60.

Air Transport Services Group Stock Performance

Shares of NASDAQ ATSG opened at $22.44 on Tuesday. Air Transport Services Group, Inc. has a 12-month low of $11.69 and a 12-month high of $22.46. The company has a market cap of $1.48 billion, a PE ratio of -560.86 and a beta of 0.79. The stock has a 50 day simple moving average of $22.29 and a 200-day simple moving average of $20.56. 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 (NASDAQ:ATSG) last announced its quarterly 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. 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 analyst estimates of $521.36 million. On average, equities research analysts forecast that Air Transport Services Group, Inc. will post 0.83 EPS for the current year.

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.