American Century Companies Inc. Raises Holdings in Air Transport Services Group, Inc. (NASDAQ:ATSG)

American Century Companies Inc. grew its stake in Air Transport Services Group, Inc. (NASDAQ:ATSG) by 3.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,283,944 shares of the transportation company’s stock after buying an additional 72,367 shares during the quarter. American Century Companies Inc. owned 3.47% of Air Transport Services Group worth $50,201,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in ATSG. Rhumbline Advisers lifted its stake in Air Transport Services Group by 0.8% in the fourth quarter. Rhumbline Advisers now owns 83,623 shares of the transportation company’s stock worth $1,838,000 after acquiring an additional 686 shares during the last quarter. Cetera Trust Company N.A lifted its position in shares of Air Transport Services Group by 6.6% during the 4th quarter. Cetera Trust Company N.A now owns 11,635 shares of the transportation company’s stock worth $256,000 after purchasing an additional 725 shares during the last quarter. AlphaQuest LLC lifted its position 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 worth $58,000 after purchasing an additional 1,246 shares during the last quarter. Independence Bank of Kentucky acquired a new position in shares of Air Transport Services Group during the fourth quarter worth $33,000. Finally, SG Americas Securities LLC increased its holdings in Air Transport Services Group by 27.1% in the fourth quarter. SG Americas Securities LLC now owns 16,863 shares of the transportation company’s stock valued at $371,000 after buying an additional 3,597 shares during the last quarter. 91.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Air Transport Services Group in a report on Friday, March 21st. They set a “hold” rating for the company. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $20.60.

Air Transport Services Group Stock Performance

Shares of Air Transport Services Group stock opened at $22.34 on Thursday. The company has a current ratio of 0.81, a quick ratio of 0.68 and a debt-to-equity ratio of 1.06. The company has a fifty day simple moving average of $22.26 and a 200-day simple moving average of $20.35. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of -558.36 and a beta of 0.79. Air Transport Services Group, Inc. has a 12-month low of $11.69 and a 12-month high of $22.38.

Air Transport Services Group (NASDAQ:ATSG) last released its quarterly earnings data on Monday, March 3rd. The transportation company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.05. The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $521.36 million. Air Transport Services Group had a negative net margin of 0.12% and a positive return on equity of 3.12%. On average, equities 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.