Insider Selling: W Joseph Payne Unloads 3,300 Shares of Air Transport Services Group Stock (ATSG)
Air Transport Services Group (NASDAQ:ATSG) VP W Joseph Payne unloaded 3,300 shares of the stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $8.75, for a total value of $28,875.00. Following the completion of the transaction, the vice president now directly owns 188,163 shares of the company’s stock, valued at approximately $1,646,426. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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. 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.
Air Transport Services Group (NASDAQ:ATSG) traded up 0.94% on Tuesday, hitting $8.57. 25,547 shares of the company’s stock traded hands. Air Transport Services Group has a 52 week low of $5.81 and a 52 week high of $9.57. The stock’s 50-day moving average is $8.78 and its 200-day moving average is $7.66. The company’s market cap is $556.6 million.
Air Transport Services Group (NASDAQ:ATSG) last posted its quarterly earnings results 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.