Raymond James Financial Inc. Buys New Shares in Air Transport Services Group, Inc. (NASDAQ:ATSG)

Raymond James Financial Inc. purchased a new stake in Air Transport Services Group, Inc. (NASDAQ:ATSG) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 243,678 shares of the transportation company’s stock, valued at approximately $5,356,000. Raymond James Financial Inc. owned approximately 0.37% of Air Transport Services Group at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Barclays PLC raised its stake in Air Transport Services Group by 247.7% in the third quarter. Barclays PLC now owns 72,934 shares of the transportation company’s stock valued at $1,180,000 after buying an additional 51,955 shares in the last quarter. Norges Bank purchased a new position in shares of Air Transport Services Group during the fourth quarter worth about $287,000. Franklin Resources Inc. increased its position in Air Transport Services Group by 31.2% in the 3rd quarter. Franklin Resources Inc. now owns 26,645 shares of the transportation company’s stock valued at $434,000 after acquiring an additional 6,334 shares during the period. SG Americas Securities LLC raised its stake in Air Transport Services Group by 27.1% during the 4th quarter. SG Americas Securities LLC now owns 16,863 shares of the transportation company’s stock valued at $371,000 after acquiring an additional 3,597 shares during the last quarter. Finally, Entropy Technologies LP acquired a new stake in Air Transport Services Group during the 4th quarter worth approximately $286,000. Hedge funds and other institutional investors own 91.81% of the company’s stock.

Air Transport Services Group Stock Performance

NASDAQ:ATSG opened at $22.48 on Friday. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of -561.86 and a beta of 0.89. Air Transport Services Group, Inc. has a 1 year low of $11.69 and a 1 year high of $22.49. The stock has a fifty day moving average price of $22.38 and a two-hundred day moving average price of $21.48. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.68 and a current ratio of 0.81.

Air Transport Services Group (NASDAQ:ATSG) last released its quarterly earnings data on Monday, March 3rd. The transportation company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. Air Transport Services Group had a negative net margin of 0.12% and a positive return on equity of 3.12%. The firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $521.36 million. As a group, sell-side analysts anticipate that Air Transport Services Group, Inc. will post 0.83 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Air Transport Services Group in a report on Tuesday. They set a “hold” rating for the company. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $20.60.

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.