Schwab Charles Investment Management Inc. Buys 75,684 Shares of Air Transport Services Group, Inc (ATSG)

Schwab Charles Investment Management Inc. lifted its stake in Air Transport Services Group, Inc (NASDAQ:ATSG) by 41.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 259,257 shares of the transportation company’s stock after purchasing an additional 75,684 shares during the period. Schwab Charles Investment Management Inc. owned about 0.44% of Air Transport Services Group worth $5,647,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its holdings in Air Transport Services Group by 18.2% in the first quarter. Victory Capital Management Inc. now owns 6,887 shares of the transportation company’s stock valued at $111,000 after purchasing an additional 1,058 shares during the period. Envestnet Asset Management Inc. boosted its holdings in Air Transport Services Group by 87.5% in the first quarter. Envestnet Asset Management Inc. now owns 11,136 shares of the transportation company’s stock valued at $180,000 after purchasing an additional 5,196 shares during the period. SG Americas Securities LLC boosted its holdings in Air Transport Services Group by 17.1% in the first quarter. SG Americas Securities LLC now owns 11,196 shares of the transportation company’s stock valued at $180,000 after purchasing an additional 1,632 shares during the period. Globeflex Capital L P boosted its holdings in Air Transport Services Group by 17,878.8% in the first quarter. Globeflex Capital L P now owns 11,866 shares of the transportation company’s stock valued at $190,000 after purchasing an additional 11,800 shares during the period. Finally, Trexquant Investment LP purchased a new position in Air Transport Services Group in the second quarter valued at $301,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

In other Air Transport Services Group news, Director Richard M. Baudouin sold 8,100 shares of the company’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $21.71, for a total value of $175,851.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider W Joseph Payne sold 5,000 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $24.52, for a total transaction of $122,600.00. Following the completion of the transaction, the insider now directly owns 185,452 shares of the company’s stock, valued at $4,547,283.04. The disclosure for this sale can be found here. Over the last three months, insiders sold 20,600 shares of company stock valued at $479,951. 2.20% of the stock is currently owned by corporate insiders.

A number of research firms recently issued reports on ATSG. TheStreet lowered Air Transport Services Group from a “b+” rating to a “c+” rating in a report on Monday, August 7th. Cowen and Company reiterated an “outperform” rating and issued a $27.00 target price (up from $25.00) on shares of Air Transport Services Group in a report on Thursday, August 10th. BidaskClub upgraded Air Transport Services Group from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Stifel Nicolaus reiterated a “hold” rating and issued a $20.00 target price on shares of Air Transport Services Group in a report on Friday, August 4th. Finally, Susquehanna Bancshares Inc began coverage on Air Transport Services Group in a report on Thursday, August 17th. They issued a “neutral” rating and a $22.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $23.13.

Shares of Air Transport Services Group, Inc (NASDAQ:ATSG) opened at 24.28 on Friday. The stock’s market capitalization is $1.44 billion. The firm’s 50-day moving average price is $23.68 and its 200-day moving average price is $22.03. Air Transport Services Group, Inc has a one year low of $12.94 and a one year high of $25.91.

Air Transport Services Group (NASDAQ:ATSG) last posted its quarterly earnings data on Monday, August 7th. The transportation company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. The company had revenue of $253.21 million during the quarter, compared to analysts’ expectations of $235.69 million. Air Transport Services Group had a negative net margin of 4.42% and a positive return on equity of 14.27%. The firm’s revenue for the quarter was up 43.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.13 EPS. Equities research analysts anticipate that Air Transport Services Group, Inc will post $0.86 EPS for the current fiscal year.

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Air Transport Services Group Company Profile

Air Transport Services Group, Inc (ATSG) is a holding company. The Company provides airline operations, aircraft leases, aircraft maintenance and other support services primarily to the cargo transportation and package delivery industries. It offers aircraft, crew, maintenance and insurance (ACMI) for specified cargo operations.

Institutional Ownership by Quarter for Air Transport Services Group (NASDAQ:ATSG)

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