Commonwealth of Pennsylvania Public School Empls Retrmt SYS Makes New Investment in Air Transport Services Group, Inc. (NASDAQ:ATSG)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 40,000 shares of the transportation company’s stock, valued at approximately $879,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned about 0.06% of Air Transport Services Group as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Alpine Associates Management Inc. purchased a new stake in Air Transport Services Group during the fourth quarter valued at approximately $31,377,000. Alberta Investment Management Corp purchased a new stake in shares of Air Transport Services Group in the 4th quarter worth $10,990,000. Versor Investments LP bought a new position in Air Transport Services Group in the 4th quarter worth $6,760,000. Picton Mahoney Asset Management purchased a new position in Air Transport Services Group during the fourth quarter valued at $6,045,000. Finally, Raymond James Financial Inc. bought a new stake in Air Transport Services Group during the fourth quarter valued at about $5,356,000. Institutional investors own 91.81% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Air Transport Services Group in a research report on Friday, March 21st. They set a “hold” rating on the stock. Four 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.com, Air Transport Services Group presently has an average rating of “Hold” and a consensus target price of $20.60.

Air Transport Services Group Price Performance

NASDAQ:ATSG opened at $22.34 on Thursday. The stock has a market cap of $1.47 billion, a PE ratio of -558.36 and a beta of 0.79. The company has a quick ratio of 0.68, a current ratio of 0.81 and a debt-to-equity ratio of 1.06. The business’s 50-day simple moving average is $22.26 and its two-hundred day simple moving average is $20.35. Air Transport Services Group, Inc. has a 52 week low of $11.69 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 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 for the quarter, compared to analysts’ expectations of $521.36 million. As a group, analysts forecast that Air Transport Services Group, Inc. will post 0.83 EPS for the current fiscal 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.