Grantham Mayo Van Otterloo & Co. LLC Makes New Investment in Air Transport Services Group, Inc. (NASDAQ:ATSG)

Grantham Mayo Van Otterloo & Co. LLC purchased a new stake in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 760,692 shares of the transportation company’s stock, valued at approximately $16,720,000. Grantham Mayo Van Otterloo & Co. LLC owned about 1.16% of Air Transport Services Group as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rhumbline Advisers increased its holdings in shares of Air Transport Services Group by 0.8% in the 4th quarter. Rhumbline Advisers now owns 83,623 shares of the transportation company’s stock worth $1,838,000 after purchasing an additional 686 shares in the last quarter. Cetera Trust Company N.A increased its holdings in Air Transport Services Group by 6.6% in the 4th quarter. Cetera Trust Company N.A now owns 11,635 shares of the transportation company’s stock worth $256,000 after buying an additional 725 shares in the last quarter. AlphaQuest LLC raised its position in Air Transport Services Group by 89.8% in the 4th quarter. AlphaQuest LLC now owns 2,634 shares of the transportation company’s stock worth $58,000 after buying an additional 1,246 shares during the last quarter. Independence Bank of Kentucky bought a new position in Air Transport Services Group during the 4th quarter valued at about $33,000. Finally, Meeder Asset Management Inc. boosted its holdings in shares of Air Transport Services Group by 29.4% during the 4th quarter. Meeder Asset Management Inc. now owns 8,724 shares of the transportation company’s stock valued at $192,000 after acquiring an additional 1,980 shares during the last quarter. Institutional investors own 91.81% of the company’s stock.

Analysts Set New Price Targets

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

Air Transport Services Group Trading Up 0.0 %

Air Transport Services Group stock opened at $22.40 on Friday. The business has a 50-day simple moving average of $22.31 and a two-hundred day simple moving average of $20.69. Air Transport Services Group, Inc. has a 52-week low of $11.69 and a 52-week high of $22.47. 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 company has a market cap of $1.48 billion, a P/E ratio of -559.86 and a beta of 0.88.

Air Transport Services Group (NASDAQ:ATSG) last announced its earnings results on Monday, March 3rd. The transportation company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. The business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations 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 predict that Air Transport Services Group, Inc. will post 0.83 EPS for the current year.

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.