Air Transport Services Group (NASDAQ:ATSG) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

ATSG has been the topic of several other reports. Cowen cut their price objective on shares of Air Transport Services Group from $30.00 to $28.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 8th. Susquehanna Bancshares set a $23.00 price objective on shares of Air Transport Services Group and gave the company a “hold” rating in a research report on Wednesday, August 8th. BidaskClub raised shares of Air Transport Services Group from a “sell” rating to a “hold” rating in a research report on Thursday, June 7th. Zacks Investment Research downgraded shares of Air Transport Services Group from a “buy” rating to a “hold” rating in a research report on Thursday, August 9th. Finally, Imperial Capital cut their price objective on shares of Air Transport Services Group from $24.00 to $22.00 and set an “inline” rating on the stock in a research report on Wednesday, August 8th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $26.17.

NASDAQ:ATSG opened at $20.56 on Wednesday. The stock has a market capitalization of $1.24 billion, a PE ratio of 22.86 and a beta of 1.93. The company has a current ratio of 1.06, a quick ratio of 0.91 and a debt-to-equity ratio of 1.16. Air Transport Services Group has a 1-year low of $19.17 and a 1-year high of $27.67.

Air Transport Services Group (NASDAQ:ATSG) last announced its quarterly earnings data on Monday, August 6th. The transportation company reported $0.28 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.28. Air Transport Services Group had a net margin of 10.44% and a return on equity of 20.53%. The company had revenue of $203.61 million for the quarter, compared to the consensus estimate of $208.24 million. During the same period in the prior year, the firm posted $0.21 EPS. Air Transport Services Group’s revenue for the quarter was down 19.6% on a year-over-year basis. analysts forecast that Air Transport Services Group will post 1.33 EPS for the current fiscal year.

In other Air Transport Services Group news, insider W Joseph Payne sold 12,500 shares of the company’s stock in a transaction dated Wednesday, June 6th. The shares were sold at an average price of $22.51, for a total transaction of $281,375.00. Following the transaction, the insider now owns 159,619 shares in the company, valued at approximately $3,593,023.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.10% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of ATSG. SG Americas Securities LLC bought a new position in Air Transport Services Group during the 1st quarter valued at about $147,000. Amalgamated Bank bought a new position in Air Transport Services Group during the 2nd quarter valued at about $202,000. Engineers Gate Manager LP bought a new position in Air Transport Services Group during the 2nd quarter valued at about $206,000. Quantitative Systematic Strategies LLC bought a new position in Air Transport Services Group during the 1st quarter valued at about $215,000. Finally, Cornerstone Wealth Management LLC bought a new position in Air Transport Services Group during the 2nd quarter valued at about $226,000. Institutional investors and hedge funds own 88.30% of the company’s stock.

Air Transport Services Group Company Profile

Air Transport Services Group, Inc, through its subsidiaries, operates in the airfreight and logistics industry. The company owns and leases cargo aircraft to airlines and other customers. It also provides airline operations to delivery companies, airlines, freight forwarders, and the U.S. Military, as well as operates charter agreements.

Read More: Marijuana Stocks

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Air Transport Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Transport Services Group and related companies with MarketBeat.com's FREE daily email newsletter.