Air Transport Services Group, Inc (NASDAQ:ATSG) – Analysts at Seaport Global Securities raised their Q4 2017 EPS estimates for Air Transport Services Group in a research report issued to clients and investors on Thursday. Seaport Global Securities analyst K. Sterling now anticipates that the transportation company will post earnings of $0.27 per share for the quarter, up from their previous forecast of $0.26.

Several other brokerages have also weighed in on ATSG. Stifel Nicolaus reiterated a “hold” rating and set a $20.00 target price on shares of Air Transport Services Group in a research report on Friday, August 4th. BidaskClub upgraded shares of Air Transport Services Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. TheStreet lowered shares of Air Transport Services Group from a “b+” rating to a “c+” rating in a research report on Monday, August 7th. Zacks Investment Research downgraded shares of Air Transport Services Group from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Finally, Cowen and Company reissued an “outperform” rating and set a $27.00 price target (up from $25.00) on shares of Air Transport Services Group in a report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $23.13.

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Air Transport Services Group (NASDAQ ATSG) opened at 21.17 on Monday. The stock’s market capitalization is $1.25 billion. The stock’s 50 day moving average price is $23.22 and its 200 day moving average price is $20.33. Air Transport Services Group has a 52-week low of $12.94 and a 52-week high of $25.75.

Air Transport Services Group (NASDAQ:ATSG) last released its quarterly earnings results on Monday, August 7th. The transportation company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.19 by $0.02. Air Transport Services Group had a positive return on equity of 14.27% and a negative net margin of 4.42%. The business had revenue of $253.21 million during the quarter, compared to analyst estimates of $235.69 million. During the same period last year, the business posted $0.13 earnings per share. The company’s quarterly revenue was up 43.4% on a year-over-year basis.

Institutional investors have recently made changes to their positions in the company. Nationwide Fund Advisors increased its position in shares of Air Transport Services Group by 0.4% in the first quarter. Nationwide Fund Advisors now owns 43,693 shares of the transportation company’s stock worth $701,000 after buying an additional 189 shares in the last quarter. Tudor Investment Corp ET AL increased its position in shares of Air Transport Services Group by 1.1% in the second quarter. Tudor Investment Corp ET AL now owns 18,208 shares of the transportation company’s stock worth $397,000 after buying an additional 206 shares in the last quarter. Legal & General Group Plc increased its position in shares of Air Transport Services Group by 4.3% in the second quarter. Legal & General Group Plc now owns 12,353 shares of the transportation company’s stock worth $269,000 after buying an additional 510 shares in the last quarter. Penn Capital Management Co. Inc. increased its position in shares of Air Transport Services Group by 1.1% in the second quarter. Penn Capital Management Co. Inc. now owns 82,225 shares of the transportation company’s stock worth $1,791,000 after buying an additional 899 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Air Transport Services Group by 18.2% in the first quarter. Victory Capital Management Inc. now owns 6,887 shares of the transportation company’s stock worth $111,000 after buying an additional 1,058 shares in the last quarter. 88.07% of the stock is owned by institutional investors.

In other Air Transport Services Group news, insider Willem Mesdag sold 4,377,330 shares of the business’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $22.42, for a total value of $98,139,738.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Matthew E. Fedders sold 4,102 shares of the business’s stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $22.24, for a total transaction of $91,228.48. Following the completion of the transaction, the vice president now directly owns 24,842 shares of the company’s stock, valued at $552,486.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,386,432 shares of company stock valued at $98,353,567. Insiders own 2.20% of the company’s stock.

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. It offers aircraft, crew, maintenance and insurance (ACMI) for specified cargo operations.

Earnings History and Estimates for Air Transport Services Group (NASDAQ:ATSG)

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