Skip to Content

Rice Hall James & Associates LLC sells a portion of its stock in Air Transport Services Group, Inc. (NASDAQ:ATSG)

Rice Hall James & Associates LLC sells a portion of its stock in Air Transport Services Group, Inc. (NASDAQ:ATSG)

Rice Hall James & Associates L.L.C. decreased its holdings in Air Transport Services Group, Inc. (NASDAQ: ATSG) during the third quarter, as stated in the company’s most recent statement filed with the Securities and Exchange Commission (S.E.C.). The fund was left with a total of 107,767 shares of the company’s stock at the end of the period after selling 25,377 shares of the transportation company’s stock throughout the period. The most recent disclosure to the S.E.C. indicated that Rice Hall James & Associates L.L.C. owned 0.14% of Air Transport Services Group for a total value of $2,596,000. This information was provided by Rice Hall James & Associates L.L.C.

In addition, hedge funds and various other institutional investors have altered how they invest in the company to take advantage of recent developments. In the second quarter, Victory Capital Management Inc. made a 28.1% increase in the number of shares of Air Transport Services Group that it owned. Following the acquisition of a further 10,340 shares during the most recent quarter, Victory Capital Management Inc. now possesses a total of 47,158 shares of the stock held by the transportation company. These shares are currently valued at a combined total of $1,355,000. T.C.W. Group Inc. increased its holdings in Air Transport Services Group by 7.8 percentage points during the second quarter of the current fiscal year. After purchasing an additional 36,124 shares during the most recent fiscal quarter, T.C.W. Group Inc. now has a total of 502,004 shares of the transportation company’s stock, which are currently valued at $14,422,000. During the same period, the company also acquired 36,124 additional shares. FMR LLC’s holdings in Air Transport Services Group increased by a factor of 2.0% during the second quarter. FMR LLC is now the owner of 5,534,391 shares of the transportation company after purchasing an additional 108,581 shares during the most recent quarter. The total value of FMR LLC’s ownership stake in the company is currently equal to $159,002,000. During the second quarter, Homestead Advisers Corporation completed a 25.2% increase in the proportion of Air Transport Services Group stock that it owned. After purchasing an additional 400 shares of the transportation company during the most recent quarter, Homestead Advisers Corp. now has 1,988 shares of ownership. These shares are currently valued at $57,000 at the current market price. In the second quarter, Prescott Group Capital Management L.L.C. increased the amount of Air Transport Services Group stock owned by 15.0%, making this the last and most important point. After making additional purchases totaling 42,040 shares during the most recent quarter, Prescott Group Capital Management L.L.C. now has 321,859 shares of the stock belonging to the transportation company in its possession. Their current holdings in this stock are worth a total of $9,247,000 to them. Hedge funds and other institutional investors own 95.77% of the company’s shares.

NASDAQ: ATSG was first available for trading on Monday with an opening price of $27.46. At this point, the debt-to-equity ratio stands at 0.93, the quick ratio sits at 1.04, and the current ratio sits at 1.22. The stock has had a moving average price of $27.24 over the past fifty days, and its moving average price over the past two hundred days is $28.16. Air Transport Services Group, Inc. hit its all-time low of $23.32 during the company’s most recent 52-week period, while it reached its all-time high of $34.54 during the same period. The company is thought to have a market capitalization of $2 billion, while the stock has a price-to-earnings ratio of 11.74 and a beta value of 0.72. The value of the company’s stock is estimated to be $0.72.

On November 3rd, the most recent quarterly earnings report for Air Transport Services Group, traded on the NASDAQ under the symbol ATSG, was made public. The transportation company finished the quarter with $0.60 per share, which was $0.07 more than the average estimate of analysts, who had predicted earnings of $0.53 per share. The successful performance of Air Transport Services Group led to a return on equity of 14.10% and a net margin of 10.05% in the company’s financial statements. Even though market observers anticipated that the company would bring in sales of $498.59 million for the quarter, it brought in sales of $516.92 million. Experts in market research predicted that Air Transport Services Group, Inc. would make $2.31 per share in profit during the current fiscal year.

In recent press releases, several research analysts have expressed their views on the ATSG stock.

The coverage of Air Transport Services Group was introduced to readers of StockNews.com for the first time on Wednesday, October 12th, when an article was posted about the company. They advised their clients to “hold” the stock moving forward. The price objective that Trust Financial has placed on Air Transport Services Group has been increased from $28.00 to $29.00, as stated in a report that was made public on Monday, January 9th.

Air Transport Services Group, Inc. and its subsidiaries in the United States of America and other countries around the world offer aircraft leasing, air cargo transportation, and other aviation-related services. In addition to fuel services for the aviation industry, a variety of aircraft maintenance and modification services are offered, including heavy maintenance, component repairs, engineering services, airframe modification, and line maintenance to fuel services for the aviation industry, a variety of aircraft maintenance and modification services are offered, including heavy maintenance, component repairs, engineering services, airframe modification, and line maintenance. In addition to these services, we also offer aviation fuel, aircraft, flight crews, maintenance, insurance for aircraft hulls and liabilities, and insurance for third-party liabilities.

Would you be interested in learning which other hedge funds include ATSG in their portfolios? By going to HoldingsChannel.com, you can investigate the most recent 13F filings and insider trades for Air Transport Services Group, Inc. (NASDAQ: ATSG).

Tags

Leave a comment

Your email address will not be published. Required fields are marked *