State Board of Administration of Florida Retirement System Has $1,129,000 Holdings in Air Transport Services Group, Inc (ATSG)

State Board of Administration of Florida Retirement System maintained its position in Air Transport Services Group, Inc (NASDAQ:ATSG) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 51,836 shares of the transportation company’s stock at the end of the second quarter. State Board of Administration of Florida Retirement System owned about 0.09% of Air Transport Services Group worth $1,129,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Victory Capital Management Inc. boosted its stake in Air Transport Services Group by 18.2% during the 1st quarter. Victory Capital Management Inc. now owns 6,887 shares of the transportation company’s stock valued at $111,000 after acquiring an additional 1,058 shares during the last quarter. First Mercantile Trust Co. bought a new position in Air Transport Services Group during the 2nd quarter valued at $169,000. SG Americas Securities LLC boosted its stake in Air Transport Services Group by 17.1% during the 1st quarter. SG Americas Securities LLC now owns 11,196 shares of the transportation company’s stock valued at $180,000 after acquiring an additional 1,632 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Air Transport Services Group by 87.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 11,136 shares of the transportation company’s stock valued at $180,000 after acquiring an additional 5,196 shares during the last quarter. Finally, Globeflex Capital L P boosted its stake in Air Transport Services Group by 17,878.8% during the 1st quarter. Globeflex Capital L P now owns 11,866 shares of the transportation company’s stock valued at $190,000 after acquiring an additional 11,800 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

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In other Air Transport Services Group news, insider W Joseph Payne sold 5,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $24.52, for a total value of $122,600.00. Following the sale, the insider now owns 185,452 shares of the company’s stock, valued at approximately $4,547,283.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Matthew E. Fedders sold 4,102 shares of the business’s stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $22.24, for a total transaction of $91,228.48. Following the completion of the sale, the vice president now directly owns 24,842 shares in the company, valued at approximately $552,486.08. The disclosure for this sale can be found here. Insiders sold a total of 17,202 shares of company stock worth $389,679 in the last three months. Insiders own 2.20% of the company’s stock.

Air Transport Services Group, Inc (ATSG) opened at 24.60 on Thursday. Air Transport Services Group, Inc has a 52-week low of $12.94 and a 52-week high of $25.75. The stock has a 50 day moving average of $23.03 and a 200-day moving average of $21.10. The company’s market capitalization is $1.45 billion.

Air Transport Services Group (NASDAQ:ATSG) last announced its earnings results on Monday, August 7th. The transportation company reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.02. The business had revenue of $253.21 million for the quarter, compared to analyst estimates of $235.69 million. Air Transport Services Group had a negative net margin of 4.42% and a positive return on equity of 14.27%. Air Transport Services Group’s revenue was up 43.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.13 earnings per share. On average, equities analysts forecast that Air Transport Services Group, Inc will post $0.86 earnings per share for the current year.

A number of research firms have commented on ATSG. Susquehanna Bancshares Inc began coverage on shares of Air Transport Services Group in a research note on Thursday, August 17th. They set a “neutral” rating and a $22.00 price objective on the stock. BidaskClub downgraded shares of Air Transport Services Group from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Zacks Investment Research upgraded shares of Air Transport Services Group from a “hold” rating to a “strong-buy” rating and set a $25.00 price objective on the stock in a research note on Tuesday, July 4th. TheStreet downgraded shares of Air Transport Services Group from a “b+” rating to a “c+” rating in a research note on Monday, August 7th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $20.00 price objective on shares of Air Transport Services Group in a research note on Tuesday, September 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $23.13.

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. It offers aircraft, crew, maintenance and insurance (ACMI) for specified cargo operations.

Institutional Ownership by Quarter for Air Transport Services Group (NASDAQ:ATSG)

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