Skandinaviska Enskilda Banken AB publ Makes New Investment in Air Transport Services Group, Inc. (NASDAQ:ATSG)

Skandinaviska Enskilda Banken AB publ acquired a new position in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 9,300 shares of the transportation company’s stock, valued at approximately $204,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ATSG. Alpine Associates Management Inc. purchased a new position in shares of Air Transport Services Group during the fourth quarter worth approximately $31,377,000. State Street Corp grew its position in shares of Air Transport Services Group by 1.1% during the third quarter. State Street Corp now owns 1,258,673 shares of the transportation company’s stock worth $20,378,000 after acquiring an additional 13,880 shares during the last quarter. Alberta Investment Management Corp purchased a new position in shares of Air Transport Services Group during the fourth quarter worth approximately $10,990,000. Versor Investments LP purchased a new position in shares of Air Transport Services Group during the fourth quarter worth approximately $6,760,000. Finally, Raymond James Financial Inc. purchased a new position in shares of 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 Performance

NASDAQ:ATSG opened at $22.31 on Wednesday. The firm’s fifty day moving average price is $22.24 and its 200 day moving average price is $20.12. Air Transport Services Group, Inc. has a 1-year low of $11.62 and a 1-year high of $22.38. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.81 and a quick ratio of 0.68. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of -557.61 and a beta of 0.79.

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. Air Transport Services Group had a negative net margin of 0.12% and a positive return on equity of 3.12%. The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $521.36 million. On average, sell-side analysts expect that Air Transport Services Group, Inc. will post 0.83 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Air Transport Services Group in a research report on Thursday, March 13th. They set a “hold” rating on the stock. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Air Transport Services Group presently has an average rating of “Hold” and a consensus 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.