Nicholas Investment Partners LP Sells 62,584 Shares of Air Transport Services Group, Inc. (NASDAQ:ATSG)

Nicholas Investment Partners LP lessened its holdings in Air Transport Services Group, Inc. (NASDAQ:ATSG) by 78.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,834 shares of the transportation company’s stock after selling 62,584 shares during the period. Nicholas Investment Partners LP’s holdings in Air Transport Services Group were worth $370,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Air Transport Services Group in a report on Thursday, May 8th. They issued a “hold” rating for the company.

Air Transport Services Group Stock Performance

Shares of NASDAQ ATSG opened at $22.48 on Thursday. The stock 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 52-week low of $11.69 and a 52-week high of $22.49. The firm has a 50 day moving average price of $22.43 and a two-hundred day moving average price of $22.05. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.68 and a current ratio of 0.81.

Air Transport Services Group (NASDAQ:ATSG) last posted its quarterly earnings data 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 the consensus estimate of $521.36 million. Air Transport Services Group had a positive return on equity of 3.12% and a negative net margin of 0.12%. As a group, equities analysts forecast that Air Transport Services Group, Inc. will post 0.83 EPS for the current 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.