Insider Selling: Air Transport Services Group Director Unloads 14,900 Shares of Stock (ATSG)
Air Transport Services Group (NASDAQ:ATSG) Director Jeffrey J. Vorholt unloaded 14,900 shares of the stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $9.22, for a total value of $137,378.00. Following the completion of the sale, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $184,400. The sale was disclosed in a filing with the SEC, 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, 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.
Air Transport Services Group (NASDAQ:ATSG) traded up 0.11% on Tuesday, hitting $9.26. 90,621 shares of the company’s stock traded hands. Air Transport Services Group has a one year low of $5.81 and a one year high of $9.57. The stock’s 50-day moving average is $8.24 and its 200-day moving average is $7.46. The company’s market cap is $601.4 million.
Air Transport Services Group (NASDAQ:ATSG) last announced its 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. On average, analysts predict that Air Transport Services Group will post $0.53 earnings per share 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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