Burren Capital Advisors Ltd Acquires New Shares in Air Transport Services Group, Inc. (NASDAQ:ATSG)

Burren Capital Advisors Ltd bought a new position in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 53,768 shares of the transportation company’s stock, valued at approximately $1,182,000. Air Transport Services Group comprises approximately 5.7% of Burren Capital Advisors Ltd’s investment portfolio, making the stock its 9th largest position.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Independence Bank of Kentucky acquired a new stake in shares of Air Transport Services Group during the fourth quarter worth about $33,000. Meeder Asset Management Inc. raised its holdings in Air Transport Services Group by 106.0% during the 3rd quarter. Meeder Asset Management Inc. now owns 6,744 shares of the transportation company’s stock worth $109,000 after buying an additional 3,471 shares during the period. Intech Investment Management LLC bought a new position in Air Transport Services Group in the third quarter valued at approximately $197,000. Peoples Bank OH bought a new position in Air Transport Services Group in the fourth quarter valued at approximately $216,000. Finally, Creative Planning boosted its holdings in shares of Air Transport Services Group by 33.2% in the third quarter. Creative Planning now owns 13,384 shares of the transportation company’s stock valued at $217,000 after buying an additional 3,338 shares during the period. 91.81% of the stock is currently owned by institutional investors.

Air Transport Services Group Price Performance

Shares of NASDAQ ATSG opened at $22.29 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.81 and a quick ratio of 0.68. The business has a 50-day moving average of $22.18 and a 200-day moving average of $19.72. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of -557.11 and a beta of 0.84. Air Transport Services Group, Inc. has a fifty-two week low of $11.62 and a fifty-two week high of $22.38.

Air Transport Services Group (NASDAQ:ATSG) last posted its quarterly earnings results on Monday, March 3rd. The transportation company reported $0.40 earnings per share 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. As a group, sell-side analysts predict that Air Transport Services Group, Inc. will post 0.83 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Air Transport Services Group in a research note on Wednesday. They issued a “hold” rating on the stock. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Air Transport Services Group currently has a consensus rating of “Hold” and a consensus target price of $20.60.

Air Transport Services Group 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.