Air Transport Services Group Inc. (NASDAQ:ATSG) CFO Quint O. Turner sold 30,000 shares of the firm’s stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $16.11, for a total value of $483,300.00. Following the completion of the sale, the chief financial officer now directly owns 303,012 shares of the company’s stock, valued at approximately $4,881,523.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Air Transport Services Group Inc. (NASDAQ:ATSG) traded up 2.88% during trading on Thursday, reaching $16.43. The company’s stock had a trading volume of 217,296 shares. The stock has a market cap of $978.70 billion, a price-to-earnings ratio of 30.43 and a beta of 1.84. The company has a 50-day moving average price of $14.52 and a 200-day moving average price of $13.90. Air Transport Services Group Inc. has a one year low of $8.67 and a one year high of $16.50.

Air Transport Services Group (NASDAQ:ATSG) last issued its quarterly earnings data on Thursday, November 3rd. The company reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.01. The firm had revenue of $193.26 million for the quarter, compared to analysts’ expectations of $183.05 million. Air Transport Services Group had a return on equity of 10.56% and a net margin of 5.04%. The firm’s revenue was up 35.8% on a year-over-year basis. During the same period last year, the company earned $0.10 earnings per share. On average, equities research analysts forecast that Air Transport Services Group Inc. will post $0.61 earnings per share for the current fiscal year.

ATSG has been the subject of a number of research analyst reports. Zacks Investment Research lowered Air Transport Services Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 25th. Stifel Nicolaus initiated coverage on Air Transport Services Group in a research note on Thursday, August 25th. They issued a “hold” rating for the company. Finally, TheStreet raised Air Transport Services Group from a “hold” rating to a “buy” rating in a research note on Wednesday, August 17th. 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 a consensus rating of “Buy” and a consensus price target of $17.00.

Several hedge funds have recently modified their holdings of the company. SG Americas Securities LLC purchased a new stake in shares of Air Transport Services Group during the second quarter valued at about $104,000. Societe Generale purchased a new stake in shares of Air Transport Services Group during the second quarter valued at about $104,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Air Transport Services Group during the second quarter valued at about $131,000. Engineers Gate Manager LP purchased a new stake in shares of Air Transport Services Group during the second quarter valued at about $133,000. Finally, BlackRock Inc. boosted its stake in shares of Air Transport Services Group by 200.1% in the second quarter. BlackRock Inc. now owns 11,518 shares of the company’s stock valued at $149,000 after buying an additional 7,680 shares during the period. 93.14% of the stock is currently owned by institutional investors and hedge funds.

Air Transport Services Group Company Profile

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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