Air Transport Services Group (ATSG) : Phoenix Investment Adviser reduced its stake in Air Transport Services Group by 44.53% during the most recent quarter end. The investment management company now holds a total of 140,913 shares of Air Transport Services Group which is valued at $2,051,693 after selling 113,100 shares in Air Transport Services Group , the firm said in a disclosure report filed with the SEC on Apr 13, 2016.Air Transport Services Group makes up approximately 2.56% of Phoenix Investment Adviser’s portfolio.
Air Transport Services Group closed down -0.03 points or -0.21% at $14.53 with 3,65,457 shares getting traded on Monday. Post opening the session at $14.59, the shares hit an intraday low of $14.39 and an intraday high of $14.81 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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On the company’s financial health, Air Transport Services Group reported $0.10 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Nov 5, 2015. Analyst had a consensus of $0.11. The company had revenue of $142.30 million for the quarter, compared to analysts expectations of $148.77 million. The company’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS.
Many Wall Street Analysts have commented on Air Transport Services Group. Company shares were Reiterated by Cowen on Mar 10, 2016 to “Outperform”, Firm has raised the Price Target to $ 18 from a previous price target of $12 .Company shares were Reiterated by Cowen on Feb 10, 2016 to “Outperform”, Firm has raised the Price Target to $ 12 from a previous price target of $11.50 .
Air Transport Services Group Inc. (ATSG) is a holding company. Through its subsidiaries the Company provides aircraft leasing airline operations aircraft maintenance and other support services to the air cargo transportation and package delivery industries. The Company offers a range of services to delivery companies freight forwarders airlines and Government customers. ATSG’s leasing subsidiary Cargo Aircraft Management Inc. which leases cargo aircraft to ATSG’s airlines and to external customers. Airborne Global Solutions Inc. that assists its businesses in marketing plans and provides sales leads to its subsidiaries by identifying customers’ business and operational requirements. Its other business operations including aircraft maintenance and modification services aircraft part sales equipment leasing and maintenance and mail handling for the United States Postal Service. Its principal subsidiaries include ABX Air Inc. and Air Transport International Inc.