SummerHaven Investment Management LLC Raises Stock Holdings in Air Transport Services Group, Inc. (NASDAQ:ATSG)

SummerHaven Investment Management LLC grew its holdings in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) by 1.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 54,525 shares of the transportation company’s stock after acquiring an additional 647 shares during the quarter. Air Transport Services Group accounts for approximately 0.9% of SummerHaven Investment Management LLC’s holdings, making the stock its 6th biggest holding. SummerHaven Investment Management LLC owned approximately 0.08% of Air Transport Services Group worth $1,224,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in ATSG. Dimensional Fund Advisors LP boosted its position in Air Transport Services Group by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,571,391 shares of the transportation company’s stock valued at $78,500,000 after buying an additional 15,250 shares during the period. American Century Companies Inc. boosted its holdings in Air Transport Services Group by 3.3% during the 4th quarter. American Century Companies Inc. now owns 2,283,944 shares of the transportation company’s stock valued at $50,201,000 after acquiring an additional 72,367 shares during the period. Alpine Associates Management Inc. bought a new position in Air Transport Services Group during the 4th quarter worth approximately $31,377,000. FIL Ltd bought a new stake in Air Transport Services Group in the fourth quarter valued at approximately $31,146,000. Finally, TIG Advisors LLC purchased a new stake in shares of Air Transport Services Group during the fourth quarter valued at approximately $29,290,000. 91.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen started coverage on shares of Air Transport Services Group in a research note on Friday, May 16th. They issued a “hold” rating on the stock.

Air Transport Services Group Stock Performance

Shares of ATSG stock opened at $22.48 on Thursday. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of -561.86 and a beta of 0.89. The stock has a fifty day moving average of $22.48 and a 200 day moving average of $22.27. Air Transport Services Group, Inc. has a 52 week low of $11.69 and a 52 week high of $22.49. The company has a quick ratio of 0.68, a current ratio of 0.81 and a debt-to-equity ratio of 1.06.

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.