Skandinaviska Enskilda Banken AB publ Buys Shares of 9,300 Air Transport Services Group, Inc. (NASDAQ:ATSG)

Skandinaviska Enskilda Banken AB publ bought a new stake in Air Transport Services Group, Inc. (NASDAQ:ATSG) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 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 bought and sold shares of ATSG. Alpine Associates Management Inc. acquired a new stake in Air Transport Services Group in the fourth quarter valued at $31,377,000. Alberta Investment Management Corp acquired a new position in shares of Air Transport Services Group during the 4th quarter worth $10,990,000. Versor Investments LP acquired a new position in shares of Air Transport Services Group during the 4th quarter worth $6,760,000. Raymond James Financial Inc. acquired a new position in shares of Air Transport Services Group during the 4th quarter worth $5,356,000. Finally, New York Life Investment Management LLC acquired a new position in shares of Air Transport Services Group during the 4th quarter worth $5,305,000. Institutional investors and hedge funds own 91.81% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Air Transport Services Group in a research note on Thursday, March 13th. They set a “hold” rating for the company. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Air Transport Services Group presently has a consensus rating of “Hold” and a consensus target price of $20.60.

Air Transport Services Group Stock Performance

NASDAQ:ATSG opened at $22.31 on Wednesday. The stock has a fifty day simple moving average of $22.24 and a 200-day simple moving average of $20.12. Air Transport Services Group, Inc. has a 52-week low of $11.62 and a 52-week high of $22.38. The company has a market capitalization of $1.47 billion, a PE ratio of -557.61 and a beta of 0.79. The company has a quick ratio of 0.68, a current ratio of 0.81 and a debt-to-equity ratio of 1.06.

Air Transport Services Group (NASDAQ:ATSG) last announced its earnings results on Monday, March 3rd. The transportation company reported $0.40 earnings per share for the quarter, beating 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 firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $521.36 million. On average, equities research analysts expect 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.