Insider Selling: Joseph C. Hete Sells 2,500 Shares of Air Transport Services Group Stock (ATSG)
Air Transport Services Group (NASDAQ:ATSG) CEO Joseph C. Hete unloaded 2,500 shares of the company’s stock on the open market in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $8.56, for a total value of $21,400.00. Following the completion of the sale, the chief executive officer now directly owns 751,967 shares in the company, valued at approximately $6,436,838. The sale was disclosed in a document filed with the SEC, which is available at this link.
Air Transport Services Group (NASDAQ:ATSG) opened at 8.47 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 $8.19 and a 200-day moving average of $7.84. The company’s market cap is $550.0 million.
Air Transport Services Group (NASDAQ:ATSG) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.14 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.11 by $0.03. The company had revenue of $149.62 million for the quarter, compared to the consensus estimate of $145.75 million. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. Analysts expect that Air Transport Services Group will post $0.55 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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