Insider Selling: Air Transport Services Group Director Sells 12,540 Shares of Stock (ATSG)
Air Transport Services Group (NASDAQ:ATSG) Director Jeffrey J. Vorholt unloaded 12,540 shares of the company’s stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $9.32, for a total value of $116,872.80. Following the transaction, the director now directly owns 72,960 shares in the company, valued at approximately $679,987. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on ATSG. Analysts at Imperial Capital raised their price target on shares of Air Transport Services Group from $9.00 to $11.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at Cowen and Company raised their price target on shares of Air Transport Services Group from $8.50 to $11.50 in a research note on Wednesday, May 7th. They now have an “outperform” rating on the stock. Finally, analysts at RBC Capital initiated coverage on shares of Air Transport Services Group in a research note on Monday, March 10th. They set an “outperform” rating on the stock.
Shares of Air Transport Services Group (NASDAQ:ATSG) traded up 1.28% on Monday, hitting $9.47. 141,296 shares of the company’s stock traded hands. Air Transport Services Group has a one year low of $5.78 and a one year high of $9.55. The stock has a 50-day moving average of $7.93 and a 200-day moving average of $7.37. The company’s market cap is $614.1 million.
Air Transport Services Group (NASDAQ:ATSG) last released its earnings data on Wednesday, May 7th. The company reported $0.10 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.11 by $0.01. The company had revenue of $143.59 million for the quarter, compared to the consensus estimate of $148.95 million. The company’s quarterly revenue was up .2% on a year-over-year basis. Analysts expect that Air Transport Services Group will post $0.53 EPS for the current fiscal year.
Air Transport Services Group, Inc (NASDAQ:ATSG) provides airline operations, aircraft leases, aircraft maintenance and other support services primarily to the cargo transportation and package delivery industries.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.