Forest Hill Capital LLC Sells 7,000 Shares of Air Transport Services Group, Inc. (NASDAQ:ATSG)

Forest Hill Capital LLC reduced its stake in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) by 14.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,470 shares of the transportation company’s stock after selling 7,000 shares during the quarter. Air Transport Services Group makes up 0.7% of Forest Hill Capital LLC’s holdings, making the stock its 29th largest position. Forest Hill Capital LLC’s holdings in Air Transport Services Group were worth $912,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Independence Bank of Kentucky purchased a new stake in shares of Air Transport Services Group during the fourth quarter valued at about $33,000. Sterling Capital Management LLC raised its stake in shares of Air Transport Services Group by 797.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,642 shares of the transportation company’s stock worth $36,000 after acquiring an additional 1,459 shares in the last quarter. AlphaQuest LLC lifted its position in Air Transport Services Group by 89.8% during the fourth quarter. AlphaQuest LLC now owns 2,634 shares of the transportation company’s stock valued at $58,000 after acquiring an additional 1,246 shares during the last quarter. Covestor Ltd boosted its stake in Air Transport Services Group by 96.8% in the fourth quarter. Covestor Ltd now owns 3,729 shares of the transportation company’s stock valued at $82,000 after acquiring an additional 1,834 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in Air Transport Services Group in the fourth quarter worth $99,000. 91.81% of the stock is currently owned by hedge funds and other institutional investors.

Air Transport Services Group Stock Performance

Shares of Air Transport Services Group stock opened at $22.48 on Friday. Air Transport Services Group, Inc. has a 52 week low of $11.69 and a 52 week high of $22.49. The company has a 50 day moving average price of $22.42 and a 200 day moving average price of $21.92. The company has a quick ratio of 0.68, a current ratio of 0.81 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $1.48 billion, a P/E ratio of -561.86 and a beta of 0.89.

Air Transport Services Group (NASDAQ:ATSG) last issued its earnings results on Monday, March 3rd. The transportation company reported $0.40 earnings per share (EPS) 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 company had revenue of $1.96 billion during the quarter, compared to analyst estimates of $521.36 million. Sell-side analysts expect that Air Transport Services Group, Inc. will post 0.83 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Air Transport Services Group in a research report on Thursday. They issued a “hold” rating for the company.

Air Transport Services Group Company 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.