Insider Selling: Air Transport Services Group VP Sells 3,300 Shares of Stock (ATSG)
Air Transport Services Group (NASDAQ:ATSG) VP W Joseph Payne sold 3,300 shares of the company’s stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $8.75, for a total value of $28,875.00. Following the transaction, the vice president now directly owns 188,163 shares in the company, valued at approximately $1,646,426. The transaction was disclosed in a filing with the SEC, which is available at this link.
Air Transport Services Group (NASDAQ:ATSG) opened at 8.50 on Wednesday. Air Transport Services Group has a 1-year low of $5.81 and a 1-year high of $9.57. The stock has a 50-day moving average of $8.80 and a 200-day moving average of $7.67. The company’s market cap is $552.0 million.
Air Transport Services Group (NASDAQ:ATSG) last announced its earnings results on Wednesday, May 7th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the 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 revenue for the quarter was up .2% on a year-over-year basis. On average, analysts predict that Air Transport Services Group will post $0.53 earnings per share for the current fiscal year.
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, 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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