Sei Investments Co. Lowers Position in Air Transport Services Group, Inc. (NASDAQ:ATSG)

Sei Investments Co. trimmed its holdings in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) by 93.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,281 shares of the transportation company’s stock after selling 188,530 shares during the period. Sei Investments Co.’s holdings in Air Transport Services Group were worth $292,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. Alpine Associates Management Inc. bought a new position in shares of Air Transport Services Group during the fourth quarter valued at approximately $31,377,000. Alberta Investment Management Corp purchased a new stake in Air Transport Services Group during the fourth quarter worth $10,990,000. Versor Investments LP bought a new stake in Air Transport Services Group during the 4th quarter valued at $6,760,000. Picton Mahoney Asset Management purchased a new position in shares of Air Transport Services Group in the 4th quarter valued at $6,045,000. Finally, Raymond James Financial Inc. bought a new position in shares of Air Transport Services Group in the 4th quarter worth $5,356,000. Hedge funds and other institutional investors own 91.81% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Air Transport Services Group in a research report on Sunday, April 6th. They set a “hold” rating on the stock. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $20.60.

Air Transport Services Group Price Performance

NASDAQ ATSG opened at $22.48 on Friday. The firm’s fifty day simple moving average is $22.33 and its two-hundred day simple moving average is $20.97. The firm has a market capitalization of $1.48 billion, a P/E ratio of -561.86 and a beta of 0.89. The company has a current ratio of 0.81, a quick ratio of 0.68 and a debt-to-equity ratio of 1.06. Air Transport Services Group, Inc. has a 12-month low of $11.69 and a 12-month high of $22.49.

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