Meeder Asset Management Inc. Grows Stock Holdings in Air Transport Services Group, Inc. (NASDAQ:ATSG)

Meeder Asset Management Inc. grew its holdings in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) by 29.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,724 shares of the transportation company’s stock after purchasing an additional 1,980 shares during the quarter. Meeder Asset Management Inc.’s holdings in Air Transport Services Group were worth $192,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in ATSG. Alpine Associates Management Inc. purchased a new position in Air Transport Services Group during the fourth quarter worth about $31,377,000. Alberta Investment Management Corp purchased a new position in shares of Air Transport Services Group during the 4th quarter worth about $10,990,000. Versor Investments LP acquired a new stake in shares of Air Transport Services Group in the fourth quarter worth approximately $6,760,000. Picton Mahoney Asset Management acquired a new stake in shares of Air Transport Services Group in the fourth quarter worth approximately $6,045,000. Finally, Raymond James Financial Inc. acquired a new position in Air Transport Services Group during the fourth quarter worth approximately $5,356,000. Institutional investors and hedge funds own 91.81% of the company’s stock.

Air Transport Services Group Stock Up 0.0 %

ATSG opened at $22.44 on Tuesday. Air Transport Services Group, Inc. has a 1 year low of $11.69 and a 1 year high of $22.46. The firm has a 50 day moving average price of $22.29 and a 200 day moving average price of $20.56. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.68 and a current ratio of 0.81. The company has a market cap of $1.48 billion, a PE ratio of -560.86 and a beta of 0.79.

Air Transport Services Group (NASDAQ:ATSG) last released its quarterly earnings data on Monday, March 3rd. The transportation company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $521.36 million. Sell-side analysts expect that Air Transport Services Group, Inc. will post 0.83 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Air Transport Services Group in a report on Saturday. They issued a “hold” rating on the stock. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $20.60.

About Air Transport Services Group

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.