As Air Transport Services Group (ATSG) Market Value Declined, Holder Red Mountain Capital Partners Cut Its Stake by $15.37 Million; As Faro (FARO) Valuation Rose, Ack Asset Management Has Trimmed Its Holding by $940,000

April 23, 2018 - By Hazel Jackson

Air Transport Services Group, Inc. (NASDAQ:ATSG) Logo

Willem Mesdag decreased its stake in Air Transport Services Group Inc (ATSG) by 28.72% based on its latest 2017Q4 regulatory filing with the SEC. Red Mountain Capital Partners Llc sold 668,067 shares as the company’s stock declined 2.99% with the market. The hedge fund run by Willem Mesdag held 1.66M shares of the transportation company at the end of 2017Q4, valued at $38.37M, down from 2.33M at the end of the previous reported quarter. Red Mountain Capital Partners Llc who had been investing in Air Transport Services Group Inc for a number of months, seems to be less bullish one the $1.24B market cap company. The stock increased 0.67% or $0.14 during the last trading session, reaching $21.08. About 810,132 shares traded or 50.41% up from the average. Air Transport Services Group, Inc. (NASDAQ:ATSG) has risen 43.71% since April 23, 2017 and is uptrending. It has outperformed by 32.16% the S&P500.

Richard S. Meisenberg decreased its stake in Faro (FARO) by 14.29% based on its latest 2017Q4 regulatory filing with the SEC. Ack Asset Management Llc sold 20,000 shares as the company’s stock rose 22.91% while stock markets declined. The hedge fund run by Richard S. Meisenberg held 120,000 shares of the capital goods company at the end of 2017Q4, valued at $5.64M, down from 140,000 at the end of the previous reported quarter. Ack Asset Management Llc who had been investing in Faro for a number of months, seems to be less bullish one the $1.08B market cap company. The stock increased 0.48% or $0.3 during the last trading session, reaching $63.45. About 58,145 shares traded. FARO Technologies, Inc. (NASDAQ:FARO) has risen 70.69% since April 23, 2017 and is uptrending. It has outperformed by 59.14% the S&P500.

Investors sentiment decreased to 1.14 in Q4 2017. Its down 0.08, from 1.22 in 2017Q3. It turned negative, as 20 investors sold ATSG shares while 51 reduced holdings. 30 funds opened positions while 51 raised stakes. 51.88 million shares or 0.62% less from 52.21 million shares in 2017Q3 were reported. Earnest Prtn Ltd Llc has invested 0% in Air Transport Services Group, Inc. (NASDAQ:ATSG). Advisory Svcs Networks Ltd Liability holds 181 shares or 0% of its portfolio. Tiaa Cref Inv Mgmt Limited Liability Company reported 0% of its portfolio in Air Transport Services Group, Inc. (NASDAQ:ATSG). Vanguard Group holds 0% or 4.49M shares. Deutsche Retail Bank Ag stated it has 0% of its portfolio in Air Transport Services Group, Inc. (NASDAQ:ATSG). 8,988 are held by Parallax Volatility Advisers Limited Partnership. Landscape Capital Management Limited Liability Company accumulated 14,613 shares. Cubist Systematic Strategies Lc accumulated 0.03% or 26,844 shares. Tcw Grp Inc invested in 0.04% or 229,363 shares. Jefferies Group Limited Liability Company reported 12,225 shares. 430 were accumulated by Quantbot Technology Lp. Royal Commercial Bank Of Canada stated it has 10,938 shares or 0% of all its holdings. Paloma Prtnrs Management has 10,910 shares. 766,110 are owned by Bancshares Of America De. First Tru Advisors Ltd Partnership holds 0.01% in Air Transport Services Group, Inc. (NASDAQ:ATSG) or 117,563 shares.

Analysts await Air Transport Services Group, Inc. (NASDAQ:ATSG) to report earnings on May, 2. They expect $0.25 earnings per share, up 47.06% or $0.08 from last year’s $0.17 per share. ATSG’s profit will be $14.73 million for 21.08 P/E if the $0.25 EPS becomes a reality. After $0.30 actual earnings per share reported by Air Transport Services Group, Inc. for the previous quarter, Wall Street now forecasts -16.67% negative EPS growth.

Since December 18, 2017, it had 0 buys, and 9 selling transactions for $1.30 million activity. PAYNE W JOSEPH also sold $175,275 worth of Air Transport Services Group, Inc. (NASDAQ:ATSG) shares. Corrado Richard Francis sold $288,764 worth of stock or 11,639 shares.

Among 6 analysts covering Air Transport Services Group (NASDAQ:ATSG), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Air Transport Services Group had 20 analyst reports since August 7, 2015 according to SRatingsIntel. The stock has “Hold” rating by Susquehanna on Friday, March 2. The stock of Air Transport Services Group, Inc. (NASDAQ:ATSG) earned “In-Line” rating by Imperial Capital on Friday, February 24. The stock of Air Transport Services Group, Inc. (NASDAQ:ATSG) has “Hold” rating given on Monday, June 26 by Stifel Nicolaus. Cowen & Co maintained the stock with “Buy” rating in Friday, October 13 report. On Tuesday, August 8 the stock rating was maintained by Cowen & Co with “Buy”. The firm earned “Hold” rating on Friday, August 26 by Stifel Nicolaus. Stephens maintained the shares of ATSG in report on Monday, January 8 with “Buy” rating. The rating was maintained by Stifel Nicolaus on Thursday, August 3 with “Hold”. The firm earned “Hold” rating on Monday, September 11 by Stifel Nicolaus. Imperial Capital maintained the shares of ATSG in report on Sunday, August 9 with “Outperform” rating.

Among 11 analysts covering Faro Technologies (NASDAQ:FARO), 5 have Buy rating, 0 Sell and 6 Hold. Therefore 45% are positive. Faro Technologies had 31 analyst reports since July 31, 2015 according to SRatingsIntel. The rating was downgraded by Gabelli on Thursday, August 3 to “Hold”. The stock of FARO Technologies, Inc. (NASDAQ:FARO) has “Buy” rating given on Friday, October 27 by Needham. The firm has “Market Perform” rating given on Wednesday, May 11 by FBR Capital. The rating was maintained by Needham with “Buy” on Friday, February 24. Stifel Nicolaus maintained it with “Hold” rating and $3300 target in Tuesday, August 1 report. The firm has “Buy” rating given on Monday, October 30 by Craig Hallum. Stifel Nicolaus maintained the stock with “Hold” rating in Monday, October 30 report. The firm has “Buy” rating given on Thursday, August 3 by Canaccord Genuity. On Thursday, August 3 the stock rating was maintained by Noble Financial with “Buy”. The stock of FARO Technologies, Inc. (NASDAQ:FARO) earned “Buy” rating by Noble Financial on Monday, June 12.

Since March 8, 2018, it had 0 insider purchases, and 3 selling transactions for $1.47 million activity. 10,666 shares valued at $637,543 were sold by Gale Jody Storm on Thursday, March 8. Shares for $701,232 were sold by RAAB SIMON on Thursday, March 15.

Investors sentiment increased to 1.18 in Q4 2017. Its up 0.20, from 0.98 in 2017Q3. It improved, as 5 investors sold FARO shares while 45 reduced holdings. 28 funds opened positions while 31 raised stakes. 15.14 million shares or 6.26% less from 16.15 million shares in 2017Q3 were reported. Blackrock stated it has 2.17M shares. Pub Employees Retirement Association Of Colorado reported 0% in FARO Technologies, Inc. (NASDAQ:FARO). Northern Trust Corporation accumulated 207,689 shares. Wells Fargo & Communication Mn invested 0% of its portfolio in FARO Technologies, Inc. (NASDAQ:FARO). Vanguard Gp Inc invested in 1.59M shares. Spark Invest Mgmt stated it has 19,900 shares. 5,767 were accumulated by Trexquant Limited Partnership. Advisory Inc has invested 0.01% in FARO Technologies, Inc. (NASDAQ:FARO). 245 are held by Federated Pa. Fisher Asset Mngmt Ltd Liability holds 91,785 shares or 0.01% of its portfolio. Rhumbline Advisers accumulated 0% or 39,283 shares. Thrivent Fincl For Lutherans has 10,375 shares for 0% of their portfolio. New York State Teachers Retirement System has invested 0% in FARO Technologies, Inc. (NASDAQ:FARO). American International Group has invested 0% in FARO Technologies, Inc. (NASDAQ:FARO). Ls Ltd Llc has invested 0% in FARO Technologies, Inc. (NASDAQ:FARO).

Ack Asset Management Llc, which manages about $419.76M and $445.36M US Long portfolio, upped its stake in Usak (NASDAQ:USAK) by 65,960 shares to 217,400 shares, valued at $3.94M in 2017Q4, according to the filing. It also increased its holding in Mtrn (NYSE:MTRN) by 182,183 shares in the quarter, for a total of 310,000 shares, and has risen its stake in Knx.

FARO Technologies, Inc. (NASDAQ:FARO) Institutional Positions Chart

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