760,692 Shares in Air Transport Services Group, Inc. (NASDAQ:ATSG) Acquired by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC bought a new position in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 760,692 shares of the transportation company’s stock, valued at approximately $16,720,000.

Other large investors have also added to or reduced their stakes in the company. Alpine Associates Management Inc. bought a new position in Air Transport Services Group in the 4th quarter worth $31,377,000. Alberta Investment Management Corp purchased a new position in shares of Air Transport Services Group in the fourth quarter valued at about $10,990,000. Versor Investments LP bought a new position in shares of Air Transport Services Group in the fourth quarter worth about $6,760,000. Picton Mahoney Asset Management purchased a new stake in shares of Air Transport Services Group during the fourth quarter worth about $6,045,000. Finally, Raymond James Financial Inc. bought a new stake in Air Transport Services Group during the 4th quarter valued at approximately $5,356,000. Hedge funds and other institutional investors own 91.81% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Air Transport Services Group Price Performance

NASDAQ:ATSG opened at $22.40 on Friday. The company has a market capitalization of $1.48 billion, a P/E ratio of -559.86 and a beta of 0.88. The business’s 50-day moving average is $22.31 and its 200 day moving average is $20.69. The company has a current ratio of 0.81, a quick ratio of 0.68 and a debt-to-equity ratio of 1.06. Air Transport Services Group, Inc. has a 12 month low of $11.69 and a 12 month high of $22.47.

Air Transport Services Group (NASDAQ:ATSG) last posted 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. Air Transport Services Group had a positive return on equity of 3.12% and a negative net margin of 0.12%. The firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $521.36 million. On average, equities research analysts forecast that Air Transport Services Group, Inc. will post 0.83 earnings per share for the current fiscal 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.