Picton Mahoney Asset Management Invests $6.05 Million in Air Transport Services Group, Inc. (NASDAQ:ATSG)

Picton Mahoney Asset Management purchased a new position in Air Transport Services Group, Inc. (NASDAQ:ATSG) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 275,000 shares of the transportation company’s stock, valued at approximately $6,045,000. Picton Mahoney Asset Management owned approximately 0.42% of Air Transport Services Group as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in ATSG. Alpine Associates Management Inc. bought a new position in Air Transport Services Group in the 4th quarter valued at approximately $31,377,000. State Street Corp lifted its position in Air Transport Services Group by 1.1% in the 3rd quarter. State Street Corp now owns 1,258,673 shares of the transportation company’s stock valued at $20,378,000 after acquiring an additional 13,880 shares in the last quarter. Alberta Investment Management Corp bought a new position in Air Transport Services Group in the 4th quarter valued at approximately $10,990,000. Versor Investments LP bought a new position in Air Transport Services Group in the 4th quarter valued at approximately $6,760,000. Finally, Empowered Funds LLC lifted its position in Air Transport Services Group by 11.1% in the 3rd quarter. Empowered Funds LLC now owns 290,423 shares of the transportation company’s stock valued at $4,702,000 after acquiring an additional 29,104 shares in the last quarter. 91.81% of the stock is owned by institutional investors.

Air Transport Services Group Price Performance

Shares of ATSG opened at $22.33 on Friday. The firm has a market cap of $1.47 billion, a PE ratio of -558.11 and a beta of 0.79. 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 firm has a fifty day simple moving average of $22.22 and a two-hundred day simple moving average of $20.01. Air Transport Services Group, Inc. has a 1-year low of $11.62 and a 1-year high of $22.38.

Air Transport Services Group (NASDAQ:ATSG) last announced its 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. The business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $521.36 million. Air Transport Services Group had a negative net margin of 0.12% and a positive return on equity of 3.12%. On average, equities analysts anticipate that Air Transport Services Group, Inc. will post 0.83 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Air Transport Services Group in a research report on Thursday. 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 stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target 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.