Envestnet Asset Management Inc. grew its holdings in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG – Get Rating) by 68.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 58,844 shares of the transportation company’s stock after purchasing an additional 23,939 shares during the period. Envestnet Asset Management Inc.’s holdings in Air Transport Services Group were worth $1,691,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of the company. Homestead Advisers Corp grew its holdings in shares of Air Transport Services Group by 25.2% in the 2nd quarter. Homestead Advisers Corp now owns 1,988 shares of the transportation company’s stock worth $57,000 after acquiring an additional 400 shares during the period. Truist Financial Corp lifted its stake in Air Transport Services Group by 6.4% in the 2nd quarter. Truist Financial Corp now owns 21,947 shares of the transportation company’s stock valued at $630,000 after buying an additional 1,327 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new position in shares of Air Transport Services Group during the 1st quarter worth $45,000. Mercer Global Advisors Inc. ADV lifted its stake in shares of Air Transport Services Group by 17.4% during the 1st quarter. Mercer Global Advisors Inc. ADV now owns 10,088 shares of the transportation company’s stock worth $337,000 after purchasing an additional 1,496 shares during the period. Finally, Commonwealth Equity Services LLC lifted its stake in shares of Air Transport Services Group by 6.7% during the 1st quarter. Commonwealth Equity Services LLC now owns 26,012 shares of the transportation company’s stock worth $870,000 after purchasing an additional 1,633 shares during the period. Institutional investors and hedge funds own 95.84% of the company’s stock.
Insider Activity at Air Transport Services Group
In related news, major shareholder Amazon Com Inc sold 250,000 shares of the stock in a transaction on Friday, October 7th. The stock was sold at an average price of $23.61, for a total value of $5,902,500.00. Following the completion of the sale, the insider now directly owns 14,178,445 shares in the company, valued at approximately $334,753,086.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.70% of the stock is owned by insiders.
Analyst Ratings Changes
Air Transport Services Group Trading Up 0.2 %
ATSG stock opened at $28.18 on Friday. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 12.04 and a beta of 0.72. The company has a quick ratio of 1.04, a current ratio of 1.22 and a debt-to-equity ratio of 0.93. The business has a fifty day simple moving average of $27.19 and a 200-day simple moving average of $29.08. Air Transport Services Group, Inc. has a 52 week low of $23.32 and a 52 week high of $34.54.
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. The company offers aircraft, flight crews, aircraft maintenance, 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.
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