Here Is What Hedge Funds Think About Air Transport Services Group Inc. (ATSG)

As industrywide interest jumped, specific money managers were breaking ground themselves. Glenn Russell Dubin’s Highbridge Capital Managemen assembled the most outsized position in Air Transport Services Group Inc. (NASDAQ:ATSG). Highbridge Capital Management had $0.3 million invested in the company at the end of the quarter. Paul Tudor Jones’ Tudor Investment Corp also made a $0.2 million investment in the stock during the quarter. The following funds were also among the new ATSG investors: Gavin Saitowitz and Cisco J. del Valle’s Springbok Capital and Robert B. Gillam’s McKinley Capital Management.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Air Transport Services Group Inc. (NASDAQ:ATSG) but similarly valued. We will take a look at Universal Health Realty Income Trust (NYSE:UHT), Caretrus REIT Inc (NASDAQ:CTRE), Amphastar Pharmaceuticals Inc (NASDAQ:AMPH), and Sonic Automotive Inc (NYSE:SAH). This group of stocks’ market valuations match ATSG’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
UHT 5 20523 0
CTRE 10 47879 0
AMPH 10 12522 0
SAH 13 38493 3

As you can see these stocks had an average of 10 funds with bullish positions and the average amount invested in these stocks was $30 million, lower than the $258 million figure in ATSG’s case. Sonic Automotive Inc (NYSE:SAH) is the most popular stock in this table. On the other hand Universal Health Realty Income Trust (NYSE:UHT) is the least popular one with only five funds holding shares. Compared to these stocks Air Transport Services Group Inc. (NASDAQ:ATSG) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

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