Air Transport Services Group (ATSG) : Ipg Investment Advisors reduced its stake in Air Transport Services Group by 32.95% during the most recent quarter end. The investment management company now holds a total of 1,137,500 shares of Air Transport Services Group which is valued at $14,867,125 after selling 559,050 shares in Air Transport Services Group , the firm said in a disclosure report filed with the SEC on May 9, 2016.Air Transport Services Group makes up approximately 7.01% of Ipg Investment Advisors’s portfolio.
Other Hedge Funds, Including , Barometer Capital Management added ATSG to its portfolio by purchasing 14,200 company shares during the most recent quarter which is valued at $185,594. Air Transport Services Group makes up approx 0.02% of Barometer Capital Management’s portfolio.Swiss National Bank boosted its stake in ATSG in the latest quarter, The investment management firm added 5,450 additional shares and now holds a total of 31,550 shares of Air Transport Services Group which is valued at $438,545. Bluecrest Capital Management Ltd sold out all of its stake in ATSG during the most recent quarter. The investment firm sold 40,000 shares of ATSG which is valued $556,000.American Century Companies Inc reduced its stake in ATSG by selling 111,238 shares or 51.69% in the most recent quarter. The Hedge Fund company now holds 103,977 shares of ATSG which is valued at $1,445,280. Quadrant Capital Group sold out all of its stake in ATSG during the most recent quarter. The investment firm sold 1,193 shares of ATSG which is valued $16,809.
Air Transport Services Group closed down -0.11 points or -0.83% at $13.07 with 2,19,806 shares getting traded on Friday. Post opening the session at $13.27, the shares hit an intraday low of $13 and an intraday high of $13.59 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Air Transport Services Group reported $0.13 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on May 10, 2016. Analyst had a consensus of $0.15. The company had revenue of $177.40 million for the quarter, compared to analysts expectations of $168.11 million. The company’s revenue was up 20.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 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.