OMERS ADMINISTRATION Corp Makes New $6.50 Million Investment in Air Transport Services Group, Inc. (NASDAQ:ATSG)

OMERS ADMINISTRATION Corp purchased a new position in Air Transport Services Group, Inc. (NASDAQ:ATSG) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 295,900 shares of the transportation company’s stock, valued at approximately $6,504,000. OMERS ADMINISTRATION Corp owned about 0.45% of Air Transport Services Group at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Independence Bank of Kentucky acquired a new stake in Air Transport Services Group during the fourth quarter worth about $33,000. Sterling Capital Management LLC grew its holdings 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 purchasing an additional 1,459 shares in the last quarter. AlphaQuest LLC grew its holdings in shares of Air Transport Services Group by 89.8% during the 4th quarter. AlphaQuest LLC now owns 2,634 shares of the transportation company’s stock worth $58,000 after purchasing an additional 1,246 shares in the last quarter. Covestor Ltd grew its holdings in shares of Air Transport Services Group by 96.8% during the 4th quarter. Covestor Ltd now owns 3,729 shares of the transportation company’s stock worth $82,000 after purchasing an additional 1,834 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in Air Transport Services Group during the fourth quarter worth $99,000. 91.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Air Transport Services Group in a research note on Thursday, May 8th. They set a “hold” rating on the stock.

Air Transport Services Group Price Performance

NASDAQ ATSG opened at $22.48 on Wednesday. The stock’s 50 day moving average is $22.42 and its two-hundred day moving average is $22.04. The company has a current ratio of 0.81, a quick ratio of 0.68 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of -561.86 and a beta of 0.89. Air Transport Services Group, Inc. has a 1-year low of $11.69 and a 1-year high of $22.49.

Air Transport Services Group (NASDAQ:ATSG) last announced its quarterly earnings results on Monday, March 3rd. The transportation company reported $0.40 EPS for the quarter, beating the consensus estimate 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 business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $521.36 million. Equities 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.