Forest Hill Capital LLC Sells 7,000 Shares of Air Transport Services Group, Inc. (NASDAQ:ATSG)

Forest Hill Capital LLC trimmed its stake in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) by 14.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 41,470 shares of the transportation company’s stock after selling 7,000 shares during the period. Air Transport Services Group accounts for 0.7% of Forest Hill Capital LLC’s portfolio, making the stock its 29th largest holding. Forest Hill Capital LLC owned approximately 0.06% of Air Transport Services Group worth $912,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Alpine Associates Management Inc. bought a new stake in shares of Air Transport Services Group in the fourth quarter worth about $31,377,000. FIL Ltd purchased a new position in Air Transport Services Group during the 4th quarter valued at approximately $31,146,000. TIG Advisors LLC bought a new stake in Air Transport Services Group in the 4th quarter worth approximately $29,290,000. Nexpoint Asset Management L.P. purchased a new stake in shares of Air Transport Services Group during the 4th quarter worth approximately $22,907,000. Finally, Grantham Mayo Van Otterloo & Co. LLC purchased a new stake in shares of Air Transport Services Group during the 4th quarter worth approximately $16,720,000. 91.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Air Transport Services Group in a research report on Thursday. They issued a “hold” rating on the stock.

Air Transport Services Group Stock Performance

NASDAQ ATSG opened at $22.48 on Friday. 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 business’s 50 day moving average price is $22.42 and its 200-day moving average price is $21.92. The company has a market cap of $1.48 billion, a P/E ratio of -561.86 and a beta of 0.89. Air Transport Services Group, Inc. has a fifty-two week low of $11.69 and a fifty-two week high of $22.49.

Air Transport Services Group (NASDAQ:ATSG) last released its earnings results on Monday, March 3rd. The transportation company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. Air Transport Services Group had a positive return on equity of 3.12% and a negative net margin of 0.12%. The firm had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $521.36 million. Sell-side analysts predict that Air Transport Services Group, Inc. will post 0.83 earnings per share 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.