Shares of Air Transport Services Group Inc. (NASDAQ:ATSG) shot up 5.2% on Monday . The stock traded as high as $25.46 and last traded at $25.19. 1,133,868 shares were traded during trading, an increase of 116% from the average session volume of 525,892 shares. The stock had previously closed at $23.95.

Several brokerages have weighed in on ATSG. BidaskClub downgraded Air Transport Services Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 31st. Stephens reaffirmed a “buy” rating and set a $32.00 target price on shares of Air Transport Services Group in a research note on Wednesday, January 10th. Zacks Investment Research raised Air Transport Services Group from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Tuesday, January 9th. ValuEngine downgraded Air Transport Services Group from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $22.00 target price (up previously from $20.00) on shares of Air Transport Services Group in a research note on Tuesday, November 7th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $25.57.

The stock has a market cap of $1,490.00, a PE ratio of -19.99 and a beta of 1.88. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.87 and a current ratio of 0.97.

In other news, CFO Quint O. Turner sold 7,500 shares of Air Transport Services Group stock in a transaction on Monday, January 8th. The stock was sold at an average price of $24.60, for a total transaction of $184,500.00. Following the transaction, the chief financial officer now directly owns 247,573 shares in the company, valued at approximately $6,090,295.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Quint O. Turner sold 6,750 shares of Air Transport Services Group stock in a transaction on Friday, December 8th. The shares were sold at an average price of $23.98, for a total value of $161,865.00. Following the transaction, the chief financial officer now owns 264,425 shares in the company, valued at $6,340,911.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,400 shares of company stock worth $654,006. 2.20% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of the company. OppenheimerFunds Inc. increased its position in shares of Air Transport Services Group by 3.6% during the 4th quarter. OppenheimerFunds Inc. now owns 667,891 shares of the transportation company’s stock valued at $15,456,000 after purchasing an additional 22,945 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in shares of Air Transport Services Group during the 4th quarter valued at $1,752,000. Employees Retirement System of Texas increased its position in shares of Air Transport Services Group by 13.6% during the 4th quarter. Employees Retirement System of Texas now owns 250,000 shares of the transportation company’s stock valued at $5,785,000 after purchasing an additional 30,000 shares during the period. Royce & Associates LP increased its position in shares of Air Transport Services Group by 97.6% during the 4th quarter. Royce & Associates LP now owns 81,000 shares of the transportation company’s stock valued at $1,874,000 after purchasing an additional 40,000 shares during the period. Finally, Penn Capital Management Co. Inc. increased its position in shares of Air Transport Services Group by 24.4% during the 4th quarter. Penn Capital Management Co. Inc. now owns 146,621 shares of the transportation company’s stock valued at $3,393,000 after purchasing an additional 28,800 shares during the period. Institutional investors own 91.70% of the company’s stock.

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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.

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