River Road Asset Management LLC Sells 4,088,366 Shares of Air Transport Services Group, Inc. (NASDAQ:ATSG)

River Road Asset Management LLC cut its holdings in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) by 57.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,081,823 shares of the transportation company’s stock after selling 4,088,366 shares during the period. River Road Asset Management LLC’s holdings in Air Transport Services Group were worth $67,738,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of ATSG. Independence Bank of Kentucky bought a new stake in Air Transport Services Group during the 4th quarter worth approximately $33,000. AlphaQuest LLC boosted its position in Air Transport Services Group by 89.8% in the 4th quarter. AlphaQuest LLC now owns 2,634 shares of the transportation company’s stock valued at $58,000 after buying an additional 1,246 shares during the last quarter. Meeder Asset Management Inc. boosted its position in Air Transport Services Group by 106.0% in the 3rd quarter. Meeder Asset Management Inc. now owns 6,744 shares of the transportation company’s stock valued at $109,000 after buying an additional 3,471 shares during the last quarter. Intech Investment Management LLC bought a new position in Air Transport Services Group in the 3rd quarter valued at $197,000. Finally, Peoples Bank OH bought a new position in Air Transport Services Group in the 4th quarter valued at $216,000. 91.81% of the stock is currently owned by institutional investors.

Air Transport Services Group Stock Down 0.1 %

Shares of ATSG opened at $22.27 on Tuesday. The business’s fifty day moving average price is $22.19 and its two-hundred day moving average price is $19.83. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.68 and a current ratio of 0.81. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of -556.61 and a beta of 0.79. Air Transport Services Group, Inc. has a 52 week low of $11.62 and a 52 week high of $22.38.

Air Transport Services Group (NASDAQ:ATSG) last posted its quarterly earnings results on Monday, March 3rd. The transportation company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate 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%. On average, 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 assumed coverage on Air Transport Services Group in a research report on Wednesday, March 5th. They issued a “hold” rating on the stock. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target 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.