Polar Asset Management Partners Inc. Buys New Shares in Air Transport Services Group, Inc. (NASDAQ:ATSG)

Polar Asset Management Partners Inc. acquired a new position in Air Transport Services Group, Inc. (NASDAQ:ATSG) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 45,000 shares of the transportation company’s stock, valued at approximately $989,000. Polar Asset Management Partners Inc. owned approximately 0.07% of Air Transport Services Group at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of ATSG. Dimensional Fund Advisors LP boosted its stake in Air Transport Services Group by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,571,391 shares of the transportation company’s stock worth $78,500,000 after buying an additional 15,250 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Air Transport Services Group by 3.3% in the 4th quarter. American Century Companies Inc. now owns 2,283,944 shares of the transportation company’s stock worth $50,201,000 after acquiring an additional 72,367 shares during the last quarter. Alpine Associates Management Inc. purchased a new stake in shares of Air Transport Services Group in the 4th quarter valued at $31,377,000. FIL Ltd bought a new position in shares of Air Transport Services Group during the 4th quarter valued at $31,146,000. Finally, TIG Advisors LLC bought a new position in shares of Air Transport Services Group during the 4th quarter valued at $29,290,000. 91.81% of the stock is currently owned by institutional investors.

Air Transport Services Group Stock Performance

Shares of ATSG stock opened at $22.48 on Friday. 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, Inc. has a fifty-two week low of $11.69 and a fifty-two week high of $22.49. The stock has a 50 day moving average price of $22.44 and a two-hundred day moving average price of $22.15. The company 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 EPS for the quarter, topping the consensus estimate of $0.35 by $0.05. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $521.36 million. Air Transport Services Group had a negative net margin of 0.12% and a positive return on equity of 3.12%. Analysts expect that Air Transport Services Group, Inc. will post 0.83 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Air Transport Services Group in a research report on Friday. They set 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.