November 18, 2016 - By Marguerite Chambers · 0 Comments
Air T Inc (NASDAQ:AIRT) institutional sentiment decreased to 0.44 in Q2 2016. Its down -0.56, from 1 in 2016Q1. The ratio has worsened, as 6 active investment managers increased or started new positions, while 6 sold and reduced stock positions in Air T Inc. The active investment managers in our partner’s database now have: 953,776 shares, up from 952,145 shares in 2016Q1. Also, the number of active investment managers holding Air T Inc in their top 10 positions was flat from 1 to 1 for the same number . Sold All: 1 Reduced: 5 Increased: 4 New Position: 2.
Air T, Inc. is a holding company. The Company operates through five divisions: overnight air cargo, ground equipment sales, ground support services, printing equipment and maintenance, and leasing. The company has a market cap of $39.85 million. The company’s overnight air cargo segment operates in the air express delivery services industry. It has a 22.64 P/E ratio. The ground equipment sales segment makes and provides mobile deicers and other specialized equipment products to passenger and cargo airlines, airports, the United States military and industrial customers.
It is down 25.90% since April 18, 2016 and is downtrending. It has underperformed by 30.33% the S&P500.
According to Zacks Investment Research, “Air T, Inc., through its subsidiaries, MAC and CSA operates exclusively as contract carriers for overnight delivery of small package air freight throughout the eastern half of the United States and Canada, and in Puerto Rico and the U.S. Virgin Islands. Over the past six fiscal years, as a consequence of changes in customer preference, MAC and CSA have shifted their focus away from operating company- owned aircraft to operating customer-owned aircraft under dry-lease service contracts.”
Blue Clay Capital Management Llc holds 1.3% of its portfolio in Air T, Inc. for 51,827 shares. Biglari Capital Corp. owns 329,738 shares or 0.56% of their US portfolio. Moreover, Bridgeway Capital Management Inc has 0.01% invested in the company for 21,963 shares. The Texas-based Eagle Global Advisors Llc has invested 0.01% in the stock. Renaissance Technologies Llc, a New York-based fund reported 152,600 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 1 insider purchase, and 1 sale for $29,592 net activity.
Air T, Inc., incorporated on November 17, 1980, is a holding company. The Firm operates through five divisions: overnight air cargo, ground equipment sales, ground support services, printing equipment and maintenance, and leasing. The overnight air cargo segment, which consists of the Company’s Mountain Air Cargo, Inc. (MAC) and CSA Air, Inc. (CSA) subsidiaries, operates in the air express delivery services industry. MAC and CSA operate and maintain Cessna Caravan, ATR-42 and ATR-72 aircraft that fly daily small-package cargo routes throughout the eastern United States, upper Midwest and the Caribbean.
More notable recent Air T, Inc. (NASDAQ:AIRT) news were published by: Prnewswire.com which released: “Air T, Inc. Reports Unaudited Second Quarter Earnings” on November 14, 2016, also Prnewswire.com with their article: “Air T, Inc. Completes Investment In Delphax Technologies” published on December 03, 2015, Prnewswire.com published: “Delphax Closes On Financing Agreement With Air T, Inc.” on December 03, 2015. More interesting news about Air T, Inc. (NASDAQ:AIRT) were released by: Reuters.com and their article: “BRIEF-Biglari Capital enters securities purchase agreement with Air T Inc” published on July 05, 2016 as well as Streetinsider.com‘s news article titled: “Air T, Inc. (AIRT) Announces Termination of ‘Poison Pill’ Provision” with publication date: September 26, 2016.
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By Marguerite Chambers