Air Transport Services Group Inc. (NASDAQ:ATSG) insider W Joseph Payne sold 7,500 shares of the stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $23.37, for a total value of $175,275.00. Following the completion of the transaction, the insider now owns 162,560 shares of the company’s stock, valued at $3,799,027.20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shares of Air Transport Services Group Inc. (NASDAQ ATSG) traded up $0.69 during trading hours on Wednesday, reaching $24.11. The company had a trading volume of 570,750 shares, compared to its average volume of 500,400. The company has a market cap of $1,430.00, a price-to-earnings ratio of -19.13 and a beta of 1.97. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.87 and a current ratio of 0.97. Air Transport Services Group Inc. has a twelve month low of $14.97 and a twelve month high of $26.75.

Air Transport Services Group (NASDAQ:ATSG) last announced its earnings results on Monday, November 6th. The transportation company reported $0.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.01. The business had revenue of $254.10 million during the quarter, compared to analyst estimates of $256.13 million. Air Transport Services Group had a positive return on equity of 16.62% and a negative net margin of 7.77%. Air Transport Services Group’s revenue for the quarter was up 31.5% compared to the same quarter last year. During the same period last year, the company earned $0.14 EPS. equities analysts anticipate that Air Transport Services Group Inc. will post 0.86 earnings per share for the current fiscal year.

A number of large investors have recently made changes to their positions in the stock. Highbridge Capital Management LLC bought a new position in shares of Air Transport Services Group in the 3rd quarter worth about $2,288,000. Lyon Street Capital LLC raised its position in shares of Air Transport Services Group by 30.0% in the 3rd quarter. Lyon Street Capital LLC now owns 291,894 shares of the transportation company’s stock worth $7,105,000 after acquiring an additional 67,378 shares in the last quarter. Royce & Associates LP bought a new position in shares of Air Transport Services Group in the 3rd quarter worth about $998,000. Nicholas Investment Partners LP raised its position in shares of Air Transport Services Group by 69.5% in the 3rd quarter. Nicholas Investment Partners LP now owns 298,445 shares of the transportation company’s stock worth $7,264,000 after acquiring an additional 122,417 shares in the last quarter. Finally, Bluestein R H & Co. bought a new position in shares of Air Transport Services Group in the 3rd quarter worth about $365,000. 90.47% of the stock is owned by institutional investors and hedge funds.

ATSG has been the subject of a number of research reports. Stifel Nicolaus reiterated a “hold” rating and issued a $20.00 price target on shares of Air Transport Services Group in a research note on Tuesday, September 12th. Cowen set a $27.00 target price on Air Transport Services Group and gave the stock a “buy” rating in a research report on Friday, October 13th. Zacks Investment Research raised Air Transport Services Group from a “sell” rating to a “hold” rating in a research report on Monday, October 16th. Stephens reaffirmed an “overweight” rating and set a $29.00 target price (up from $27.00) on shares of Air Transport Services Group in a research report on Tuesday, November 7th. Finally, ValuEngine lowered Air Transport Services Group from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $24.86.

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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.

Insider Buying and Selling by Quarter for Air Transport Services Group (NASDAQ:ATSG)

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