Air Transport Services Group CEO Joseph C. Hete Unloads 5,000 Shares (ATSG)
Air Transport Services Group (NASDAQ:ATSG) CEO Joseph C. Hete sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $8.54, for a total value of $42,700.00. Following the completion of the sale, the chief executive officer now directly owns 774,467 shares in the company, valued at approximately $6,613,948. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Air Transport Services Group (NASDAQ:ATSG) opened at 8.80 on Friday. Air Transport Services Group has a 52 week low of $5.81 and a 52 week high of $9.57. The stock has a 50-day moving average of $8.77 and a 200-day moving average of $7.75. The company’s market cap is $571.5 million.
Air Transport Services Group (NASDAQ:ATSG) last released its earnings data 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.
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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