Air Transport Services Group, Inc (NASDAQ:ATSG) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Several other research firms have also recently commented on ATSG. Cowen and Company restated an “outperform” rating and issued a $27.00 target price (up previously from $25.00) on shares of Air Transport Services Group in a research note on Thursday. Imperial Capital raised their target price on shares of Air Transport Services Group from $18.00 to $23.00 and gave the stock an “in-line” rating in a research note on Monday, May 15th. Sidoti restated a “buy” rating and issued a $26.00 target price (up previously from $23.00) on shares of Air Transport Services Group in a research note on Sunday, May 14th. Zacks Investment Research upgraded shares of Air Transport Services Group from a “sell” rating to a “hold” rating in a research note on Tuesday, May 9th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $20.00 target price on shares of Air Transport Services Group in a research note on Friday, August 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $23.29.

Shares of Air Transport Services Group (NASDAQ:ATSG) traded down 0.96% during midday trading on Friday, reaching $22.70. The company’s stock had a trading volume of 483,566 shares. The firm’s market capitalization is $1.34 billion. Air Transport Services Group has a 12-month low of $12.94 and a 12-month high of $25.75. The stock has a 50-day moving average of $23.32 and a 200 day moving average of $19.92.

Air Transport Services Group (NASDAQ:ATSG) last released its earnings results on Monday, August 7th. The transportation company reported $0.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.02. Air Transport Services Group had a negative net margin of 4.42% and a positive return on equity of 14.27%. The company had revenue of $253.21 million during the quarter, compared to analysts’ expectations of $235.69 million. During the same quarter last year, the business earned $0.13 EPS. The business’s revenue was up 43.4% on a year-over-year basis. Equities research analysts predict that Air Transport Services Group will post $0.89 EPS for the current fiscal year.

WARNING: “Air Transport Services Group, Inc (NASDAQ:ATSG) Lowered to Hold at BidaskClub” was first published by American Banking News and is the property of of American Banking News. If you are accessing this report on another website, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The correct version of this report can be accessed at https://www.americanbankingnews.com/2017/08/13/air-transport-services-group-inc-nasdaqatsg-lowered-to-hold-at-bidaskclub.html.

In related news, VP Matthew E. Fedders sold 4,102 shares of the firm’s stock in a transaction dated Friday, June 23rd. The shares were sold at an average price of $22.24, for a total value of $91,228.48. Following the completion of the sale, the vice president now owns 24,842 shares in the company, valued at $552,486.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Quint O. Turner sold 8,048 shares of the firm’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $23.08, for a total transaction of $185,747.84. Following the completion of the sale, the chief financial officer now owns 271,175 shares of the company’s stock, valued at approximately $6,258,719. The disclosure for this sale can be found here. Insiders sold 4,414,480 shares of company stock valued at $99,000,315 in the last quarter. Company insiders own 2.20% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. Fox Run Management L.L.C. bought a new stake in shares of Air Transport Services Group during the first quarter valued at approximately $385,000. Driehaus Capital Management LLC boosted its stake in shares of Air Transport Services Group by 50.4% in the first quarter. Driehaus Capital Management LLC now owns 627,923 shares of the transportation company’s stock valued at $10,078,000 after buying an additional 210,458 shares during the period. Weiss Multi Strategy Advisers LLC bought a new stake in shares of Air Transport Services Group during the first quarter valued at approximately $467,000. Nationwide Fund Advisors boosted its stake in shares of Air Transport Services Group by 0.4% in the first quarter. Nationwide Fund Advisors now owns 43,693 shares of the transportation company’s stock valued at $701,000 after buying an additional 189 shares during the period. Finally, IPG Investment Advisors LLC boosted its stake in shares of Air Transport Services Group by 3.5% in the second quarter. IPG Investment Advisors LLC now owns 846,340 shares of the transportation company’s stock valued at $18,433,000 after buying an additional 28,970 shares during the period. Hedge funds and other institutional investors own 87.64% of the company’s stock.

About Air Transport Services Group

Air Transport Services Group, Inc (ATSG) is a holding company. The Company provides airline operations, aircraft leases, aircraft maintenance and other support services primarily to the cargo transportation and package delivery industries. It offers aircraft, crew, maintenance and insurance (ACMI) for specified cargo operations.

Analyst Recommendations for Air Transport Services Group (NASDAQ:ATSG)

Receive News & Ratings for Air Transport Services Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Transport Services Group Inc and related companies with MarketBeat.com's FREE daily email newsletter.