Air Transport Services Group Inc. (NASDAQ:ATSG) CFO Sells $18,000.00 in Stock

Air Transport Services Group Inc. (NASDAQ:ATSG) CFO Quint O. Turner sold 750 shares of the stock in a transaction on Monday, December 18th. The shares were sold at an average price of $24.00, for a total value of $18,000.00. Following the completion of the sale, the chief financial officer now owns 263,675 shares of the company’s stock, valued at $6,328,200. The sale was disclosed in a filing with the SEC, which is available at this link.

Air Transport Services Group Inc. (NASDAQ ATSG) opened at $24.29 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.97 and a debt-to-equity ratio of 1.62. Air Transport Services Group Inc. has a twelve month low of $14.97 and a twelve month high of $26.75. The stock has a market cap of $1,400.00, a PE ratio of -19.28 and a beta of 1.97.

Air Transport Services Group (NASDAQ:ATSG) last issued its earnings results on Monday, November 6th. The transportation company reported $0.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.01. Air Transport Services Group had a negative net margin of 7.77% and a positive return on equity of 16.62%. The firm had revenue of $254.10 million for the quarter, compared to analysts’ expectations of $256.13 million. During the same quarter last year, the company posted $0.14 earnings per share. Air Transport Services Group’s revenue was up 31.5% on a year-over-year basis. equities analysts expect that Air Transport Services Group Inc. will post 0.86 EPS for the current fiscal year.

Several brokerages recently issued reports on ATSG. Stephens reiterated a “buy” rating and issued a $32.00 price target on shares of Air Transport Services Group in a report on Wednesday. BidaskClub upgraded Air Transport Services Group from a “hold” rating to a “buy” rating in a research note on Tuesday. Zacks Investment Research upgraded Air Transport Services Group from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Tuesday. Stifel Nicolaus restated a “hold” rating and set a $22.00 target price (up from $20.00) on shares of Air Transport Services Group in a research note on Tuesday, November 7th. Finally, Cowen set a $27.00 target price on Air Transport Services Group and gave the company a “buy” rating in a research note on Friday, October 13th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $25.57.

A number of hedge funds and other institutional investors have recently modified their holdings of ATSG. Vanguard Group Inc. raised its holdings in shares of Air Transport Services Group by 6.1% during the second quarter. Vanguard Group Inc. now owns 4,295,754 shares of the transportation company’s stock valued at $93,562,000 after buying an additional 245,120 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Air Transport Services Group by 91.1% during the third quarter. Victory Capital Management Inc. now owns 2,180,951 shares of the transportation company’s stock valued at $53,084,000 after buying an additional 1,039,666 shares during the last quarter. State Street Corp raised its holdings in shares of Air Transport Services Group by 7.1% during the second quarter. State Street Corp now owns 1,000,779 shares of the transportation company’s stock valued at $21,794,000 after buying an additional 66,711 shares during the last quarter. Hodges Capital Management Inc. raised its holdings in shares of Air Transport Services Group by 36.5% during the third quarter. Hodges Capital Management Inc. now owns 908,615 shares of the transportation company’s stock valued at $22,116,000 after buying an additional 243,022 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Air Transport Services Group by 14.7% during the second quarter. Northern Trust Corp now owns 683,458 shares of the transportation company’s stock valued at $14,885,000 after buying an additional 87,537 shares during the last quarter. 90.47% of the stock is currently owned by hedge funds and other institutional investors.

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About Air Transport Services Group

Air Transport Services Group, Inc (ATSG) is a holding company. The Company provides airline operations, aircraft leases, aircraft maintenance and other support services primarily to the cargo transportation and package delivery industries. It offers aircraft, crew, maintenance and insurance (ACMI) for specified cargo operations.

Insider Buying and Selling by Quarter for Air Transport Services Group (NASDAQ:ATSG)

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