Investment analysts at Seaport Global Securities assumed coverage on shares of Air Transport Services Group Inc. (NASDAQ:ATSG) in a research note issued to investors on Tuesday. The firm set a “buy” rating on the stock.

Several other brokerages also recently issued reports on ATSG. Zacks Investment Research raised shares of Air Transport Services Group from a “sell” rating to a “hold” rating in a research note on Tuesday, November 8th. Stifel Nicolaus started coverage on shares of Air Transport Services Group in a research note on Thursday, August 25th. They set a “hold” rating on the stock. Finally, TheStreet raised shares of Air Transport Services Group from a “hold” rating to a “buy” rating in a research note on Wednesday, August 17th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $17.00.

Shares of Air Transport Services Group (NASDAQ:ATSG) opened at 15.97 on Tuesday. The firm has a market cap of $951.30 million, a P/E ratio of 28.22 and a beta of 1.84. Air Transport Services Group has a 12-month low of $8.73 and a 12-month high of $16.95. The company has a 50-day moving average of $14.94 and a 200 day moving average of $14.04.

Air Transport Services Group (NASDAQ:ATSG) last released its quarterly earnings data on Thursday, November 3rd. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by $0.01. Air Transport Services Group had a return on equity of 10.56% and a net margin of 5.04%. The company had revenue of $193.26 million for the quarter, compared to analysts’ expectations of $183.05 million. During the same period in the prior year, the firm posted $0.10 EPS. The firm’s quarterly revenue was up 35.8% on a year-over-year basis. Equities research analysts anticipate that Air Transport Services Group will post $0.62 earnings per share for the current fiscal year.

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In related news, CFO Quint O. Turner sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $16.11, for a total transaction of $483,300.00. Following the completion of the transaction, the chief financial officer now owns 303,012 shares of the company’s stock, valued at $4,881,523.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeffrey J. Vorholt sold 8,100 shares of the company’s stock in a transaction that occurred on Thursday, November 10th. The stock was sold at an average price of $15.90, for a total transaction of $128,790.00. Following the transaction, the director now directly owns 28,000 shares of the company’s stock, valued at approximately $445,200. The disclosure for this sale can be found here. Corporate insiders own 2.20% of the company’s stock.

A number of institutional investors have recently modified their holdings of ATSG. SG Americas Securities LLC bought a new position in shares of Air Transport Services Group during the second quarter valued at approximately $104,000. Societe Generale bought a new position in shares of Air Transport Services Group during the second quarter valued at approximately $104,000. Cubist Systematic Strategies LLC bought a new position in shares of Air Transport Services Group during the second quarter valued at approximately $131,000. Engineers Gate Manager LP bought a new position in shares of Air Transport Services Group during the second quarter valued at 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 valued at $149,000 after buying an additional 7,680 shares during the period. 87.15% of the stock is 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.

5 Day Chart for NASDAQ:ATSG

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