Air Transport Services Group, Inc. (NASDAQ:ATSG) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. trimmed its holdings in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG – Get Rating) by 4.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 57,644 shares of the transportation company’s stock after selling 2,839 shares during the period. Envestnet Asset Management Inc. owned approximately 0.08% of Air Transport Services Group worth $1,498,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Altshuler Shaham Ltd acquired a new stake in Air Transport Services Group during the 3rd quarter valued at approximately $38,000. CWM LLC increased its holdings in shares of Air Transport Services Group by 42.1% during the 4th quarter. CWM LLC now owns 1,536 shares of the transportation company’s stock valued at $40,000 after purchasing an additional 455 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Air Transport Services Group during the 3rd quarter valued at approximately $85,000. Counterpoint Mutual Funds LLC purchased a new position in shares of Air Transport Services Group during the 4th quarter valued at approximately $97,000. Finally, UBS Group AG increased its holdings in shares of Air Transport Services Group by 96.7% during the 3rd quarter. UBS Group AG now owns 7,064 shares of the transportation company’s stock valued at $170,000 after purchasing an additional 3,472 shares in the last quarter. 95.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Air Transport Services Group news, Director Jeffrey J. Vorholt acquired 1,250 shares of the stock in a transaction dated Friday, March 10th. The stock was acquired at an average price of $20.80 per share, with a total value of $26,000.00. Following the completion of the purchase, the director now owns 33,700 shares in the company, valued at approximately $700,960. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Richard Francis Corrado purchased 2,000 shares of the firm’s stock in a transaction that occurred on Friday, March 3rd. The stock was bought at an average price of $23.00 per share, for a total transaction of $46,000.00. Following the completion of the purchase, the chief executive officer now directly owns 183,222 shares of the company’s stock, valued at $4,214,106. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jeffrey J. Vorholt purchased 1,250 shares of the firm’s stock in a transaction that occurred on Friday, March 10th. The stock was purchased at an average price of $20.80 per share, with a total value of $26,000.00. Following the purchase, the director now directly owns 33,700 shares of the company’s stock, valued at $700,960. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 14,075 shares of company stock valued at $267,120. 2.20% of the stock is currently owned by company insiders.

Air Transport Services Group Price Performance

Air Transport Services Group stock opened at $17.02 on Tuesday. Air Transport Services Group, Inc. has a 52-week low of $14.39 and a 52-week high of $34.00. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 8.73 and a beta of 0.76. The company has a fifty day simple moving average of $19.30 and a 200-day simple moving average of $23.80. The company has a quick ratio of 1.01, a current ratio of 1.18 and a debt-to-equity ratio of 1.09.

Air Transport Services Group (NASDAQ:ATSG – Get Rating) last posted its earnings results on Friday, May 5th. The transportation company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.11). The company had revenue of $501.10 million during the quarter, compared to analyst estimates of $510.80 million. Air Transport Services Group had a net margin of 8.20% and a return on equity of 12.66%. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.56 EPS. On average, equities analysts anticipate that Air Transport Services Group, Inc. will post 1.62 EPS for the current fiscal year.

Analysts Set New Price Targets

ATSG has been the subject of several recent research reports. TheStreet lowered shares of Air Transport Services Group from a “b-” rating to a “c+” rating in a report on Friday, March 24th. Susquehanna cut their target price on shares of Air Transport Services Group from $25.00 to $18.00 in a report on Tuesday, May 9th. Stifel Nicolaus cut their price target on shares of Air Transport Services Group from $27.00 to $26.00 in a report on Monday, May 8th. StockNews.com started coverage on shares of Air Transport Services Group in a report on Thursday, May 18th. They issued a “hold” rating for the company. Finally, Truist Financial cut their price target on shares of Air Transport Services Group from $22.00 to $17.00 in a report on Monday, May 8th.

Air Transport Services Group Profile

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Air Transport Services Group, Inc engages in the provision of airline operations, aircraft leases, aircraft maintenance, and other support services primarily to the cargo transportation and package delivery industries. It operates through the CAM and ACMI Services segments. The CAM segment consists of the company’s aircraft leasing operations.