13D Filing: Red Mountain Capital Inches Up Stake In Air Transport Services Group, Inc. (ATSG)

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As revealed in a recent 13D filing with the US Securities and Exchange Commission, Willem Mesdag‘s Red Mountain Capital Partners owns 17.4% of Air Transport Services Group Inc. (NASDAQ:ATSG). The filing showed that Red Mountain owns 11.23 million shares of the company, which is slightly higher than the 11.15 million shares the fund revealed in its latest 13F filing (for the end of the last quarter).

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In this way, Red Mountain remains to be the largest shareholder of Air Transport Services Group Inc. (NASDAQ:ATSG) among the funds in our database. During the fourth quarter, the number of funds bullish on the stock fell by two to 17, and among other investors in the company are: Prescott Group Capital Management, managed by Phil Frohlich, which holds a $49.8 million position, Michael M. Rothenberg and David Sackler’s Moab Capital Partners, Gregg J. Powers’s Private Capital Management, and Jerome L. Simon’s Lonestar Capital Management.

On the other hand, Peter Keane’s Keane Capital Management dropped the largest investment of all the hedgies tracked by Insider Monkey, valued at close to $3.1 million in stock. Neil Chriss’s fund, Hutchin Hill Capital, also cut its stock, about $0.4 million worth.

You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Red Mountain Capital Partners 11,230,354 11,230,354 11,230,354 17.4%
Red Mountain Capital Partners II 0%
Red Mountain Capital Partners III 0%
Red Mountain Partners 11,152,425 11,152,425 11,152,425 17.3%
RMCP GP 11,152,425 11,152,425 11,152,425 17.3%
Red Mountain Capital Management, Inc. 13-4057186 11,230,354 11,230,354 11,230,354 17.4%
Willem Mesdag 11,230,354 11,230,354 11,230,354 17.4%

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Page 1 of 14 SEC Filing

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

SCHEDULE 13D/A

Under the Securities Exchange Act of 1934

(Amendment No. 11)

AIR TRANSPORT SERVICES GROUP, INC.

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

00922R105

(CUSIP Number)

Red Mountain Capital Partners LLC

Attn: Willem Mesdag

10100 Santa Monica Boulevard, Suite 925

Los Angeles, California 90067

Telephone (310) 432-0200

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

March 8, 2016

(Date of Event Which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box. ¨

Note. Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.

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