Air Transport Services Group Inc. (NASDAQ:ATSG) Director Jeffrey J. Vorholt sold 8,100 shares of the company’s stock in a transaction on Thursday, November 10th. The stock was sold at an average price of $15.90, for a total value of $128,790.00. Following the sale, the director now owns 28,000 shares of the company’s stock, valued at approximately $445,200. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Air Transport Services Group Inc. (NASDAQ:ATSG) opened at 16.11 on Wednesday. The stock’s 50 day moving average price is $14.46 and its 200-day moving average price is $13.89. The stock has a market cap of $959.64 million, a PE ratio of 28.46 and a beta of 1.84. Air Transport Services Group Inc. has a 12 month low of $8.67 and a 12 month high of $16.50.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new position in Air Transport Services Group during the second quarter worth $104,000. Societe Generale bought a new position in Air Transport Services Group during the second quarter worth $104,000. Cubist Systematic Strategies LLC bought a new position in Air Transport Services Group during the second quarter worth $131,000. Engineers Gate Manager LP bought a new position in Air Transport Services Group during the second quarter worth $133,000. Finally, BlackRock Inc. raised its position in Air Transport Services Group by 200.1% in the second quarter. BlackRock Inc. now owns 11,518 shares of the company’s stock worth $149,000 after buying an additional 7,680 shares during the period. Institutional investors own 93.14% of the company’s stock.

Several research analysts have weighed in on the company. Zacks Investment Research raised Air Transport Services Group from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research report on Tuesday, August 23rd. TheStreet raised Air Transport Services Group from a “hold” rating to a “buy” rating in a research report on Wednesday, August 17th. Finally, Stifel Nicolaus assumed coverage on Air Transport Services Group in a research report on Thursday, August 25th. They issued a “hold” rating on the stock. 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 has an average rating of “Buy” and an average target price of $17.00.

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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