Air Transport Services Group (ATSG) : Ipg Investment Advisors reduced its stake in Air Transport Services Group by 2.84% during the most recent quarter end. The investment management company now holds a total of 1,105,220 shares of Air Transport Services Group which is valued at $15,749,385 after selling 32,280 shares in Air Transport Services Group , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Air Transport Services Group makes up approximately 6.27% of Ipg Investment Advisors’s portfolio.
Other Hedge Funds, Including , Vanguard Group Inc boosted its stake in ATSG in the latest quarter, The investment management firm added 88,008 additional shares and now holds a total of 3,662,238 shares of Air Transport Services Group which is valued at $52,186,892. Nine Chapters Capital Management sold out all of its stake in ATSG during the most recent quarter. The investment firm sold 23,300 shares of ATSG which is valued $328,763. Artemis Investment Management Llp sold out all of its stake in ATSG during the most recent quarter. The investment firm sold 87,897 shares of ATSG which is valued $1,241,106. Carroll Financial Associates added ATSG to its portfolio by purchasing 180 company shares during the most recent quarter which is valued at $2,504. Deroy Devereaux Private Investment Counsel Inc added ATSG to its portfolio by purchasing 96,850 company shares during the most recent quarter which is valued at $1,366,554. Air Transport Services Group makes up approx 0.18% of Deroy Devereaux Private Investment Counsel Inc’s portfolio.
Air Transport Services Group closed down -0.07 points or -0.49% at $14.27 with 1,39,791 shares getting traded on Friday. Post opening the session at $14.28, the shares hit an intraday low of $14.25 and an intraday high of $14.44 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Air Transport Services Group reported $0.13 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 8, 2016. Analyst had a consensus of $0.12. The company had revenue of $176.50 million for the quarter, compared to analysts expectations of $172.87 million. The company’s revenue was up 18.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS.
Air Transport Services Group Inc. (ATSG) is a holding company. Through its subsidiaries the Company provides aircraft leasing airline operations aircraft maintenance and other support services to the air cargo transportation and package delivery industries. The Company offers a range of services to delivery companies freight forwarders airlines and Government customers. ATSG’s leasing subsidiary Cargo Aircraft Management Inc. which leases cargo aircraft to ATSG’s airlines and to external customers. Airborne Global Solutions Inc. that assists its businesses in marketing plans and provides sales leads to its subsidiaries by identifying customers’ business and operational requirements. Its other business operations including aircraft maintenance and modification services aircraft part sales equipment leasing and maintenance and mail handling for the United States Postal Service. Its principal subsidiaries include ABX Air Inc. and Air Transport International Inc.