Air Transport Services Group, Inc (NASDAQ:ATSG) has been assigned an average rating of “Hold” from the ten research firms that are presently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $22.86.

ATSG has been the topic of several analyst reports. Zacks Investment Research downgraded Air Transport Services Group from a “strong-buy” rating to a “hold” rating in a report on Monday, July 17th. Stifel Nicolaus reiterated a “hold” rating and set a $20.00 target price on shares of Air Transport Services Group in a report on Friday, August 4th. Cowen and Company reiterated an “outperform” rating and set a $27.00 target price (up from $25.00) on shares of Air Transport Services Group in a report on Thursday, August 10th. BidaskClub lowered Air Transport Services Group from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Finally, TheStreet lowered Air Transport Services Group from a “b+” rating to a “c+” rating in a research note on Monday, August 7th.

In related news, Director Richard M. Baudouin sold 8,100 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $21.71, for a total transaction of $175,851.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider W Joseph Payne sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $24.52, for a total value of $122,600.00. Following the transaction, the insider now owns 185,452 shares of the company’s stock, valued at approximately $4,547,283.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,600 shares of company stock valued at $479,951. Insiders own 2.20% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. Tudor Investment Corp ET AL boosted its position in Air Transport Services Group by 1.1% during the 2nd quarter. Tudor Investment Corp ET AL now owns 18,208 shares of the transportation company’s stock valued at $397,000 after purchasing an additional 206 shares during the period. Legal & General Group Plc raised its stake in Air Transport Services Group by 4.3% during the 2nd quarter. Legal & General Group Plc now owns 12,353 shares of the transportation company’s stock valued at $269,000 after acquiring an additional 510 shares in the last quarter. Penn Capital Management Co. Inc. raised its stake in Air Transport Services Group by 1.1% during the 2nd quarter. Penn Capital Management Co. Inc. now owns 82,225 shares of the transportation company’s stock valued at $1,791,000 after acquiring an additional 899 shares in the last quarter. Victory Capital Management Inc. raised its stake in Air Transport Services Group by 18.2% during the 1st quarter. Victory Capital Management Inc. now owns 6,887 shares of the transportation company’s stock valued at $111,000 after acquiring an additional 1,058 shares in the last quarter. Finally, Advisor Group Inc. raised its stake in Air Transport Services Group by 21.4% during the 2nd quarter. Advisor Group Inc. now owns 6,895 shares of the transportation company’s stock valued at $150,000 after acquiring an additional 1,217 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

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Shares of Air Transport Services Group (NASDAQ:ATSG) traded up 2.61% during trading on Friday, hitting $25.16. The stock had a trading volume of 511,242 shares. The company’s market cap is $1.49 billion. Air Transport Services Group has a one year low of $12.94 and a one year high of $25.91. The stock’s 50-day moving average price is $24.15 and its 200-day moving average price is $22.40.

Air Transport Services Group (NASDAQ:ATSG) last announced its earnings results on Monday, August 7th. The transportation company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.19 by $0.02. The business had revenue of $253.21 million for the quarter, compared to the consensus estimate of $235.69 million. Air Transport Services Group had a positive return on equity of 14.27% and a negative net margin of 4.42%. The company’s revenue was up 43.4% on a year-over-year basis. During the same period last year, the business posted $0.13 EPS. On average, equities research analysts forecast that Air Transport Services Group will post $0.86 EPS for the current fiscal year.

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)

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