Air Transport Services Group Inc. (NASDAQ:ATSG) CEO Joseph C. Hete sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $16.24, for a total transaction of $812,000.00. Following the sale, the chief executive officer now owns 674,992 shares of the company’s stock, valued at $10,961,870.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Air Transport Services Group Inc. (NASDAQ:ATSG) opened at 16.42 on Tuesday. Air Transport Services Group Inc. has a 52-week low of $8.67 and a 52-week high of $16.50. The firm has a 50 day moving average of $14.40 and a 200-day moving average of $13.87. The company has a market capitalization of $978.11 million, a price-to-earnings ratio of 29.01 and a beta of 1.84.

Air Transport Services Group (NASDAQ:ATSG) last released its quarterly earnings results on Thursday, November 3rd. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by $0.01. Air Transport Services Group had a net margin of 5.04% and a return on equity of 10.56%. The firm earned $193.26 million during the quarter, compared to the consensus estimate of $183.05 million. During the same quarter in the prior year, the business posted $0.10 earnings per share. The firm’s quarterly revenue was up 35.8% on a year-over-year basis. Equities analysts expect that Air Transport Services Group Inc. will post $0.61 EPS for the current year.

Several analysts recently issued reports on ATSG shares. Zacks Investment Research upgraded shares of Air Transport Services Group from a “sell” rating to a “hold” rating in a research report on Monday, July 18th. TheStreet upgraded shares of Air Transport Services Group from a “hold” rating to a “buy” rating in a research report on Wednesday, August 17th. Finally, Stifel Nicolaus started coverage on shares of Air Transport Services Group in a research report on Thursday, August 25th. They issued a “hold” rating for the company. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Air Transport Services Group currently has an average rating of “Buy” and a consensus price target of $17.00.

Several hedge funds have recently added to or reduced their stakes in ATSG. Dimensional Fund Advisors LP raised its position in shares of Air Transport Services Group by 4.5% in the second quarter. Dimensional Fund Advisors LP now owns 5,031,628 shares of the company’s stock valued at $65,210,000 after buying an additional 217,672 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Air Transport Services Group by 2.5% in the second quarter. Vanguard Group Inc. now owns 3,662,238 shares of the company’s stock valued at $47,463,000 after buying an additional 88,008 shares during the last quarter. River Road Asset Management LLC raised its position in shares of Air Transport Services Group by 6.7% in the third quarter. River Road Asset Management LLC now owns 2,547,263 shares of the company’s stock valued at $36,553,000 after buying an additional 158,901 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of Air Transport Services Group by 1.9% in the second quarter. Alliancebernstein L.P. now owns 1,406,450 shares of the company’s stock valued at $18,228,000 after buying an additional 26,650 shares during the last quarter. Finally, BlackRock Fund Advisors raised its position in shares of Air Transport Services Group by 0.6% in the third quarter. BlackRock Fund Advisors now owns 1,352,163 shares of the company’s stock valued at $19,404,000 after buying an additional 7,447 shares during the last quarter. Institutional investors and hedge funds own 93.14% 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. Through the Company’s subsidiaries, it offers a range of complementary services to delivery companies, freight forwarders, airlines and government customers.

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