Dimensional Fund Advisors LP Has $78.50 Million Stock Position in Air Transport Services Group, Inc. (NASDAQ:ATSG)

Dimensional Fund Advisors LP lifted its position in Air Transport Services Group, Inc. (NASDAQ:ATSG) by 0.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,571,391 shares of the transportation company’s stock after buying an additional 15,250 shares during the period. Dimensional Fund Advisors LP owned approximately 0.05% of Air Transport Services Group worth $78,500,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Barclays PLC raised its position in shares of Air Transport Services Group by 247.7% during the third quarter. Barclays PLC now owns 72,934 shares of the transportation company’s stock worth $1,180,000 after purchasing an additional 51,955 shares during the period. Franklin Resources Inc. raised its holdings in Air Transport Services Group by 31.2% during the 3rd quarter. Franklin Resources Inc. now owns 26,645 shares of the transportation company’s stock worth $434,000 after buying an additional 6,334 shares during the period. Oliver Luxxe Assets LLC lifted its stake in Air Transport Services Group by 4.1% in the fourth quarter. Oliver Luxxe Assets LLC now owns 121,965 shares of the transportation company’s stock valued at $2,681,000 after buying an additional 4,849 shares in the last quarter. Cetera Trust Company N.A boosted its holdings in shares of Air Transport Services Group by 6.6% in the fourth quarter. Cetera Trust Company N.A now owns 11,635 shares of the transportation company’s stock valued at $256,000 after buying an additional 725 shares during the period. Finally, SG Americas Securities LLC increased its position in shares of Air Transport Services Group by 27.1% during the fourth quarter. SG Americas Securities LLC now owns 16,863 shares of the transportation company’s stock worth $371,000 after acquiring an additional 3,597 shares in the last quarter. 91.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Air Transport Services Group in a research report on Tuesday, April 22nd. They issued a “hold” rating on the stock. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Air Transport Services Group presently has a consensus rating of “Hold” and a consensus target price of $20.60.

Air Transport Services Group Price Performance

ATSG stock opened at $22.48 on Wednesday. The business’s 50 day simple moving average is $22.39 and its 200 day simple moving average is $21.62. Air Transport Services Group, Inc. has a 1-year low of $11.69 and a 1-year high of $22.49. The firm has a market capitalization of $1.48 billion, a PE ratio of -561.86 and a beta of 0.89. 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 (NASDAQ:ATSG) last posted its earnings results on Monday, March 3rd. The transportation company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. Air Transport Services Group had a negative net margin of 0.12% and a positive return on equity of 3.12%. The company had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $521.36 million. As a group, research analysts anticipate 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.