Pier Capital Stake in Air Transport Services Group I (ATSG) Has Boosted as Stock Price Declined; Integral Derivatives Cut Holding in X (X) as Share Price Declined

August 12, 2018 - By Vernon Prom

United States Steel Corporation (NYSE:X) Logo

Pier Capital Llc increased its stake in Air Transport Services Group I (ATSG) by 8.62% based on its latest 2018Q1 regulatory filing with the SEC. Pier Capital Llc bought 19,873 shares as the company’s stock declined 16.06% with the market. The institutional investor held 250,515 shares of the transportation company at the end of 2018Q1, valued at $5.84 million, up from 230,642 at the end of the previous reported quarter. Pier Capital Llc who had been investing in Air Transport Services Group I for a number of months, seems to be bullish on the $1.20 billion market cap company. The stock decreased 2.77% or $0.58 during the last trading session, reaching $20.37. About 211,285 shares traded. Air Transport Services Group, Inc. (NASDAQ:ATSG) has declined 11.24% since August 12, 2017 and is downtrending. It has underperformed by 23.81% the S&P500. Some Historical ATSG News: 15/05/2018 – ATSG Announces Digital-Workplace-as-a-Service Powered by Tech Data’s TaaS Program; 21/03/2018 – AIR TRANSPORT SERVICES – EMPLOYEES OF UNIT RATIFIED AMENDMENT TO COLLECTIVE BARGAINING AGREEMENT BETWEEN ATI & AIR LINE PILOTS ASSOCIATION; 10/04/2018 – ATSG Delivers First of Two Leased 767 Freighters to Air Incheon; 29/05/2018 – Air Transport Non-Deal Roadshow Set By Seaport for Jun. 5-6; 07/05/2018 – Air Transport Services Sees 2018 Capex $300 Million; 07/05/2018 – AIR TRANSPORT SERVICES GROUP INC – CONTINUES TO PROJECT 2018 CAPITAL EXPENDITURES OF ABOUT $300 MLN; 07/05/2018 – ATSG Extends Strong Earnings Growth in First Quarter; 10/04/2018 – ATSG Delivers First of Two Leased 767 Freighters to Air lncheon; 07/05/2018 – Air Transport Services 1Q Adj EPS 35c; 21/03/2018 – AIR TRANSPORT SERVICES GROUP INC – AMENDED AGREEMENT EXTENDS FOR FOUR YEARS FROM DATE OF RATIFICATION

Integral Derivatives Llc decreased its stake in X (X) by 67.36% based on its latest 2018Q1 regulatory filing with the SEC. Integral Derivatives Llc sold 65,404 shares as the company’s stock declined 20.24% with the market. The institutional investor held 31,696 shares of the steel and iron ore company at the end of 2018Q1, valued at $1.12 million, down from 97,100 at the end of the previous reported quarter. Integral Derivatives Llc who had been investing in X for a number of months, seems to be less bullish one the $5.31 billion market cap company. The stock decreased 0.96% or $0.29 during the last trading session, reaching $29.97. About 14.27 million shares traded or 66.62% up from the average. United States Steel Corporation (NYSE:X) has risen 74.77% since August 12, 2017 and is uptrending. It has outperformed by 62.20% the S&P500. Some Historical X News: 02/04/2018 – U.S. STEEL TO PAY PENALTY FOR 2017 TOXIC CHROMIUM SPILL: EPA; 12/03/2018 – U.S. Steel Raises Annual Forecast, Citing Steel Tariffs; 12/03/2018 – U.S. Steel raises 2018 earnings forecast on tariff bump; 02/04/2018 – Justice Department: U. S. Steel Corp. Agrees to Resolve Alleged Violations of Clean Water Act in Indiana; 26/04/2018 – U.S. STEEL 1Q ADJ EPS 32C; 07/03/2018 – UNITED STATES STEEL CORP – RESTART PROCESS COULD TAKE UP TO FOUR MONTHS; 12/03/2018 – United States Steel Corporation Provides Full-Year 2018 Guidance; 12/03/2018 – Coal News: US steel tariffs to have limited impact to global coking coal supply: sources – Platts; 02/04/2018 – U. S. Steel In Pact With State and Federal Govt to Resolve Matters at Midwest Plant; 09/04/2018 – FITCH UPGRADES U.S. STEEL’S IDR TO ‘BB-‘; OUTLOOK REVISED TO PO

Among 6 analysts covering Air Transport Services Group (NASDAQ:ATSG), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Air Transport Services Group had 23 analyst reports since August 7, 2015 according to SRatingsIntel. Stephens maintained the shares of ATSG in report on Monday, January 8 with “Buy” rating. The company was maintained on Tuesday, August 8 by Cowen & Co. The rating was maintained by Stifel Nicolaus with “Hold” on Tuesday, November 7. The firm earned “Hold” rating on Friday, August 26 by Stifel Nicolaus. As per Wednesday, February 28, the company rating was maintained by Cowen & Co. The firm has “Outperform” rating by Cowen & Co given on Wednesday, February 10. The company was maintained on Friday, October 13 by Cowen & Co. The firm has “Hold” rating by Susquehanna given on Thursday, August 17. Stifel Nicolaus maintained it with “Hold” rating and $20.0 target in Monday, September 11 report. The rating was maintained by Stifel Nicolaus with “Buy” on Wednesday, August 8.

Pier Capital Llc, which manages about $585.14 million US Long portfolio, decreased its stake in Foundation Medicine Inc (NASDAQ:FMI) by 32,405 shares to 39,547 shares, valued at $3.11 million in 2018Q1, according to the filing. It also reduced its holding in Instructure Inc by 28,644 shares in the quarter, leaving it with 132,353 shares, and cut its stake in Wns Holdings Ltd (NYSE:WNS).

Investors sentiment decreased to 0.97 in Q1 2018. Its down 0.17, from 1.14 in 2017Q4. It worsened, as 15 investors sold ATSG shares while 62 reduced holdings. 29 funds opened positions while 46 raised stakes. 51.01 million shares or 1.67% less from 51.88 million shares in 2017Q4 were reported. Moreover, Vanguard Group Inc has 0% invested in Air Transport Services Group, Inc. (NASDAQ:ATSG) for 4.51 million shares. 700 are held by Tortoise Mgmt Lc. Alliancebernstein Lp, a New York-based fund reported 720,430 shares. Ftb Advsrs owns 143 shares. State Street accumulated 1.26M shares or 0% of the stock. Lyon Street Capital Ltd Llc holds 1.96% or 261,594 shares. Nomura Incorporated stated it has 29,284 shares or 0% of all its holdings. New Jersey-based Fincl Architects has invested 0% in Air Transport Services Group, Inc. (NASDAQ:ATSG). Zurcher Kantonalbank (Zurich Cantonalbank) reported 2,645 shares. Cipher Cap Ltd Partnership reported 10,617 shares or 0.03% of all its holdings. First Trust Advsrs Ltd Partnership reported 0.01% in Air Transport Services Group, Inc. (NASDAQ:ATSG). Emerald Advisers Pa holds 0.5% or 533,023 shares. Envestnet Asset Mngmt holds 12,426 shares. Credit Suisse Ag accumulated 105,354 shares or 0% of the stock. Us Fincl Bank De accumulated 3,175 shares.

More recent Air Transport Services Group, Inc. (NASDAQ:ATSG) news were published by: Businesswire.com which released: “ATSG to Host Second Quarter 2018 Conference Call” on July 31, 2018. Also Benzinga.com published the news titled: “26 Stocks Moving In Thursday’s Pre-Market Session” on July 19, 2018. Nasdaq.com‘s news article titled: “Recent Analysis Shows Getty Realty, Keysight Technologies, Inovio Pharmaceuticals, Air Transport Services Group …” with publication date: August 01, 2018 was also an interesting one.

Since March 1, 2018, it had 0 insider buys, and 7 insider sales for $1.04 million activity. The insider TURNER QUINT O sold $13,520. PAYNE W JOSEPH sold $281,364 worth of Air Transport Services Group, Inc. (NASDAQ:ATSG) on Tuesday, June 5.

Analysts await United States Steel Corporation (NYSE:X) to report earnings on October, 30. They expect $1.89 EPS, up 105.43% or $0.97 from last year’s $0.92 per share. X’s profit will be $334.93M for 3.96 P/E if the $1.89 EPS becomes a reality. After $1.46 actual EPS reported by United States Steel Corporation for the previous quarter, Wall Street now forecasts 29.45% EPS growth.

More news for United States Steel Corporation (NYSE:X) were recently published by: Forbes.com, which released: “What To Expect From US Steel’s Second-Quarter Results” on July 31, 2018. Seekingalpha.com‘s article titled: “United States Steel (X) Q2 2018 Results – Earnings Call Transcript” and published on August 02, 2018 is yet another important article.

Among 25 analysts covering United States Steel Corporation (NYSE:X), 11 have Buy rating, 3 Sell and 11 Hold. Therefore 44% are positive. United States Steel Corporation had 117 analyst reports since July 30, 2015 according to SRatingsIntel. UBS downgraded United States Steel Corporation (NYSE:X) on Friday, April 8 to “Sell” rating. Bank of America upgraded United States Steel Corporation (NYSE:X) on Wednesday, June 15 to “Neutral” rating. The firm earned “Sell” rating on Tuesday, October 24 by Cowen & Co. The rating was upgraded by Deutsche Bank on Friday, June 23 to “Hold – Buy”. The rating was downgraded by Jefferies on Monday, March 21 to “Underperform”. The rating was maintained by Cowen & Co on Thursday, January 4 with “Hold”. The firm has “Hold” rating by Cowen & Co given on Thursday, February 1. The firm earned “Hold” rating on Tuesday, November 29 by Argus Research. Credit Suisse maintained United States Steel Corporation (NYSE:X) on Wednesday, November 1 with “Buy” rating. Cowen & Co downgraded the stock to “Market Perform” rating in Tuesday, February 23 report.

United States Steel Corporation (NYSE:X) Ratings Chart

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