Air Transport Services Group, Inc (NASDAQ:ATSG) Director Richard M. Baudouin sold 8,100 shares of the company’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $21.71, for a total transaction of $175,851.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shares of Air Transport Services Group, Inc (ATSG) opened at 23.48 on Friday. The stock has a 50 day moving average of $23.15 and a 200 day moving average of $20.55. Air Transport Services Group, Inc has a 52 week low of $12.94 and a 52 week high of $25.75. The stock’s market cap is $1.39 billion.

Air Transport Services Group (NASDAQ:ATSG) last announced its earnings results on Monday, August 7th. The transportation company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.02. Air Transport Services Group had a negative net margin of 4.42% and a positive return on equity of 14.27%. The company had revenue of $253.21 million for the quarter, compared to analysts’ expectations of $235.69 million. During the same quarter in the previous year, the company posted $0.13 EPS. The firm’s quarterly revenue was up 43.4% on a year-over-year basis. On average, analysts expect that Air Transport Services Group, Inc will post $0.86 earnings per share for the current year.

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A number of equities research analysts recently issued reports on ATSG shares. Sidoti reaffirmed a “buy” rating and set a $26.00 price target (up previously from $23.00) on shares of Air Transport Services Group in a research note on Sunday, May 14th. BidaskClub raised shares of Air Transport Services Group from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. TheStreet downgraded shares of Air Transport Services Group from a “b+” rating to a “c+” rating in a research note on Monday, August 7th. Stifel Nicolaus reaffirmed a “hold” rating and set a $20.00 price target on shares of Air Transport Services Group in a research note on Friday, August 4th. Finally, Zacks Investment Research downgraded shares of Air Transport Services Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 17th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $23.13.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Nationwide Fund Advisors boosted 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 valued at $701,000 after buying an additional 189 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Air Transport Services Group by 8.5% in the first quarter. Russell Investments Group Ltd. now owns 384,032 shares of the transportation company’s stock valued at $6,163,000 after buying an additional 29,943 shares during the last quarter. LSV Asset Management boosted its position in shares of Air Transport Services Group by 0.7% in the first quarter. LSV Asset Management now owns 382,000 shares of the transportation company’s stock valued at $6,131,000 after buying an additional 2,500 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Air Transport Services Group by 53.4% in the first quarter. First Trust Advisors LP now owns 153,984 shares of the transportation company’s stock valued at $2,471,000 after buying an additional 53,586 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Air Transport Services Group by 68.4% in the first quarter. Bank of New York Mellon Corp now owns 551,768 shares of the transportation company’s stock valued at $8,856,000 after buying an additional 224,067 shares during the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

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.

Insider Buying and Selling by Quarter for Air Transport Services Group (NASDAQ:ATSG)

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