Air Transport Services Group Inc. (ATSG) CFO Sells $114,366.00 in Stock

Air Transport Services Group Inc. (NASDAQ:ATSG) CFO Quint O. Turner sold 4,900 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $23.34, for a total value of $114,366.00. Following the completion of the transaction, the chief financial officer now owns 242,673 shares in the company, valued at $5,663,987.82. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of Air Transport Services Group Inc. (NASDAQ ATSG) traded up $0.97 during trading on Friday, reaching $23.95. The company had a trading volume of 651,938 shares, compared to its average volume of 504,180. Air Transport Services Group Inc. has a one year low of $15.34 and a one year high of $27.67. The company has a market cap of $1,391.12, a PE ratio of -18.07 and a beta of 1.88. The company has a current ratio of 0.97, a quick ratio of 0.87 and a debt-to-equity ratio of 1.62.

Air Transport Services Group (NASDAQ:ATSG) last announced its earnings results on Monday, November 6th. The transportation company reported $0.22 EPS for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.01. Air Transport Services Group had a positive return on equity of 16.62% and a negative net margin of 7.77%. The company had revenue of $254.10 million for the quarter, compared to analysts’ expectations of $256.13 million. During the same period last year, the firm earned $0.14 EPS. Air Transport Services Group’s revenue for the quarter was up 31.5% compared to the same quarter last year. equities research analysts anticipate that Air Transport Services Group Inc. will post 0.87 EPS for the current fiscal year.

A number of research firms have recently issued reports on ATSG. Zacks Investment Research upgraded Air Transport Services Group from a “sell” rating to a “hold” rating in a research note on Monday, October 16th. Cowen set a $27.00 price target on Air Transport Services Group and gave the stock a “buy” rating in a research note on Friday, October 13th. BidaskClub downgraded Air Transport Services Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 31st. ValuEngine downgraded Air Transport Services Group from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Stephens restated a “buy” rating and issued a $32.00 price target on shares of Air Transport Services Group in a research note on Wednesday, January 10th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $25.57.

A number of institutional investors have recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership bought a new position in Air Transport Services Group in the 4th quarter worth $1,752,000. Employees Retirement System of Texas raised its holdings in Air Transport Services Group by 13.6% during the fourth quarter. Employees Retirement System of Texas now owns 250,000 shares of the transportation company’s stock valued at $5,785,000 after acquiring an additional 30,000 shares during the period. Royce & Associates LP raised its holdings in Air Transport Services Group by 97.6% during the fourth quarter. Royce & Associates LP now owns 81,000 shares of the transportation company’s stock valued at $1,874,000 after acquiring an additional 40,000 shares during the period. Penn Capital Management Co. Inc. raised its holdings in Air Transport Services Group by 24.4% during the fourth quarter. Penn Capital Management Co. Inc. now owns 146,621 shares of the transportation company’s stock valued at $3,393,000 after acquiring an additional 28,800 shares during the period. Finally, BlackRock Inc. raised its holdings in Air Transport Services Group by 0.8% during the fourth quarter. BlackRock Inc. now owns 3,331,539 shares of the transportation company’s stock valued at $77,091,000 after acquiring an additional 26,086 shares during the period. 91.17% of the stock is currently owned by institutional investors.

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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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