DeepCurrents Investment Group LLC Acquires Shares of 43,438 Air Transport Services Group, Inc. (NASDAQ:ATSG)

DeepCurrents Investment Group LLC bought a new position in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 43,438 shares of the transportation company’s stock, valued at approximately $955,000. DeepCurrents Investment Group LLC owned approximately 0.07% of Air Transport Services Group as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP lifted its stake 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 worth $78,500,000 after purchasing an additional 15,250 shares during the last quarter. American Century Companies Inc. lifted its position in shares of 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 worth $50,201,000 after buying an additional 72,367 shares during the last quarter. Alpine Associates Management Inc. acquired a new stake in Air Transport Services Group in the fourth quarter valued at about $31,377,000. FIL Ltd bought a new position in Air Transport Services Group in the fourth quarter valued at about $31,146,000. Finally, TIG Advisors LLC acquired a new position in Air Transport Services Group during the fourth quarter worth about $29,290,000. Institutional investors and hedge funds own 91.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Air Transport Services Group in a report on Wednesday, April 30th. They set a “hold” rating on the stock. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $20.60.

Air Transport Services Group Price Performance

Shares of ATSG opened at $22.48 on Wednesday. The company has a quick ratio of 0.68, a current ratio of 0.81 and a debt-to-equity ratio of 1.06. The stock has a market cap of $1.48 billion, a PE ratio of -561.86 and a beta of 0.89. Air Transport Services Group, Inc. has a 12-month low of $11.69 and a 12-month high of $22.49. The business has a 50-day simple moving average of $22.41 and a two-hundred day simple moving average of $21.83.

Air Transport Services Group (NASDAQ:ATSG) last issued its quarterly earnings data on Monday, March 3rd. The transportation company reported $0.40 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $521.36 million. Analysts anticipate that Air Transport Services Group, Inc. will post 0.83 earnings per share for the current fiscal year.

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.