Air Transport Services Group, Inc (NASDAQ:ATSG) insider W Joseph Payne sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $24.20, for a total transaction of $181,500.00. Following the completion of the transaction, the insider now owns 177,952 shares in the company, valued at $4,306,438.40. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

W Joseph Payne also recently made the following trade(s):

  • On Tuesday, August 1st, W Joseph Payne sold 5,000 shares of Air Transport Services Group stock. The stock was sold at an average price of $24.52, for a total transaction of $122,600.00.

Air Transport Services Group, Inc (NASDAQ ATSG) opened at 24.92 on Wednesday. The company has a 50-day moving average price of $23.18 and a 200-day moving average price of $21.69. The stock’s market capitalization is $1.47 billion. Air Transport Services Group, Inc has a 12-month low of $12.94 and a 12-month high of $25.91.

Air Transport Services Group (NASDAQ:ATSG) last posted its earnings results on Monday, August 7th. The transportation company reported $0.21 earnings per share for the quarter, beating the Thomson Reuters’ 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 business had revenue of $253.21 million for the quarter, compared to analyst estimates of $235.69 million. During the same quarter in the previous year, the business posted $0.13 EPS. The business’s quarterly revenue was up 43.4% on a year-over-year basis. On average, equities research analysts forecast that Air Transport Services Group, Inc will post $0.86 earnings per share for the current year.

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A number of analysts have issued reports on the company. Stifel Nicolaus reissued a “hold” rating and issued a $20.00 target price on shares of Air Transport Services Group in a research report on Friday, August 4th. BidaskClub upgraded Air Transport Services Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. TheStreet cut Air Transport Services Group from a “b+” rating to a “c+” rating in a research note on Monday, August 7th. Cowen and Company reiterated an “outperform” rating and issued a $27.00 price objective (up previously from $25.00) on shares of Air Transport Services Group in a report on Thursday, August 10th. Finally, Zacks Investment Research downgraded Air Transport Services Group from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. Air Transport Services Group currently has a consensus rating of “Hold” and a consensus target price of $23.13.

Several hedge funds and other institutional investors have recently modified their holdings of ATSG. Nationwide Fund Advisors grew its stake 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 in the last quarter. Tudor Investment Corp ET AL raised its holdings in shares of Air Transport Services Group by 1.1% during the 2nd quarter. Tudor Investment Corp ET AL now owns 18,208 shares of the transportation company’s stock valued at $397,000 after buying an additional 206 shares during the period. Legal & General Group Plc raised its holdings in shares of Air Transport Services Group by 4.3% during the 2nd quarter. Legal & General Group Plc now owns 12,353 shares of the transportation company’s stock valued at $269,000 after buying an additional 510 shares during the period. Penn Capital Management Co. Inc. raised its holdings in shares of Air Transport Services Group by 1.1% during the 2nd quarter. Penn Capital Management Co. Inc. now owns 82,225 shares of the transportation company’s stock valued at $1,791,000 after buying an additional 899 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in shares of Air Transport Services Group by 18.2% during the 1st quarter. Victory Capital Management Inc. now owns 6,887 shares of the transportation company’s stock valued at $111,000 after buying an additional 1,058 shares during the period. 88.07% of the stock is owned by 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. 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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