Air Transport Services Group Inc. (NASDAQ:ATSG) insider John Matthew Starkovich sold 12,000 shares of the firm’s stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $16.40, for a total transaction of $196,800.00. Following the transaction, the insider now owns 187,272 shares in the company, valued at $3,071,260.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Air Transport Services Group Inc. (NASDAQ:ATSG) traded down 1.7980% on Tuesday, reaching $16.3801. 70,843 shares of the company’s stock traded hands. The stock has a market cap of $975.73 million, a price-to-earnings ratio of 28.9401 and a beta of 1.84. The firm’s 50-day moving average is $14.71 and its 200-day moving average is $13.96. Air Transport Services Group Inc. has a 52-week low of $8.70 and a 52-week high of $16.95.

Air Transport Services Group (NASDAQ:ATSG) last issued its quarterly earnings results 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 business had revenue of $193.26 million for the quarter, compared to analyst estimates 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 for the quarter was up 35.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.10 EPS. Analysts anticipate that Air Transport Services Group Inc. will post $0.61 EPS for the current fiscal year.

A number of research analysts have issued reports on ATSG shares. Zacks Investment Research upgraded Air Transport Services Group from a “sell” rating to a “hold” rating in a research report on Tuesday, November 8th. TheStreet upgraded 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 Air Transport Services Group in a research report on Thursday, August 25th. They issued a “hold” rating on the stock. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $17.00.

Several hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in Air Transport Services Group during the second quarter worth $104,000. Societe Generale purchased a new stake in Air Transport Services Group during the second quarter worth $104,000. Cubist Systematic Strategies LLC purchased a new stake in Air Transport Services Group during the second quarter worth $131,000. Engineers Gate Manager LP purchased a new stake in Air Transport Services Group during the second quarter worth $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 valued at $149,000 after buying an additional 7,680 shares in the last quarter. Hedge funds and other institutional investors own 92.91% of the company’s stock.

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.

5 Day Chart for NASDAQ:ATSG

Receive News & Stock Ratings for Air Transport Services Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Transport Services Group Inc. and related stocks with our FREE daily email newsletter.