Insider Selling: Air Transport Services Group Director Sells 15,000 Shares of Stock (ATSG)
Air Transport Services Group (NASDAQ:ATSG) Director Jeffrey J. Vorholt sold 15,000 shares of the stock on the open market in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $9.19, for a total transaction of $137,850.00. Following the completion of the sale, the director now directly owns 35,000 shares of the company’s stock, valued at approximately $321,650. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on ATSG shares. 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, May 8th. 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 down 2.94% during mid-day trading on Wednesday, hitting $8.91. The stock had a trading volume of 78,342 shares. Air Transport Services Group has a 52 week low of $5.78 and a 52 week high of $9.57. The stock’s 50-day moving average is $8.01 and its 200-day moving average is $7.38. The company’s market cap is $577.8 million.
Air Transport Services Group (NASDAQ:ATSG) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.10 earnings per share for the quarter, missing the analysts’ 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. Air Transport Services Group’s revenue was up .2% compared to the same quarter last year. 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.
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