Air Transport Services Group Inc. (NASDAQ:ATSG) insider W Joseph Payne sold 20,000 shares of Air Transport Services Group stock in a transaction on Monday, November 14th. The stock was sold at an average price of $16.40, for a total transaction of $328,000.00. Following the transaction, the insider now owns 206,706 shares in the company, valued at approximately $3,389,978.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Air Transport Services Group Inc. (NASDAQ:ATSG) opened at 16.36 on Friday. The company has a market cap of $974.53 million, a P/E ratio of 28.90 and a beta of 1.84. Air Transport Services Group Inc. has a 52 week low of $8.70 and a 52 week high of $16.50. The company’s 50-day moving average is $14.58 and its 200-day moving average is $13.92.

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

ATSG has been the topic of a number of recent research reports. TheStreet upgraded shares of Air Transport Services Group from a “hold” rating to a “buy” rating in a report on Wednesday, August 17th. Zacks Investment Research upgraded shares of Air Transport Services Group from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a report on Tuesday, August 23rd. Finally, Stifel Nicolaus initiated coverage on shares of Air Transport Services Group in a report on Thursday, August 25th. They set a “hold” rating on the stock. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $17.00.

Institutional investors have recently modified their holdings of the company. SG Americas Securities LLC bought a new position in shares of Air Transport Services Group during the second quarter worth approximately $104,000. Societe Generale bought a new position in shares of Air Transport Services Group during the second quarter worth approximately $104,000. Cubist Systematic Strategies LLC bought a new position in shares of Air Transport Services Group during the second quarter worth approximately $131,000. Engineers Gate Manager LP bought a new position in shares of Air Transport Services Group during the second quarter worth approximately $133,000. Finally, BlackRock Inc. raised its position 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 worth $149,000 after buying an additional 7,680 shares during the last quarter. 93.14% of the stock is currently owned by hedge funds and other institutional investors.

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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