BidaskClub upgraded shares of Air Transport Services Group (NASDAQ:ATSG) from a strong sell rating to a sell rating in a report released on Tuesday morning, BidAskClub reports.

Several other equities research analysts have also commented on ATSG. Zacks Investment Research lowered shares of Air Transport Services Group from a buy rating to a hold rating in a research note on Monday, August 5th. Stifel Nicolaus set a $26.00 price target on shares of Air Transport Services Group and gave the stock a buy rating in a research note on Thursday, May 16th. Finally, TheStreet lowered shares of Air Transport Services Group from a b- rating to a c rating in a research note on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $28.80.

NASDAQ:ATSG traded up $0.34 on Tuesday, hitting $22.43. The stock had a trading volume of 43,680 shares, compared to its average volume of 246,431. The company has a debt-to-equity ratio of 3.89, a quick ratio of 0.78 and a current ratio of 0.92. The stock has a market cap of $1.28 billion, a P/E ratio of 17.94 and a beta of 0.99. Air Transport Services Group has a 1 year low of $17.06 and a 1 year high of $25.82. The firm’s fifty day simple moving average is $21.11 and its two-hundred day simple moving average is $22.39.

Air Transport Services Group (NASDAQ:ATSG) last posted its quarterly earnings data on Monday, August 5th. The transportation company reported $0.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.03. The firm had revenue of $334.60 million during the quarter, compared to analyst estimates of $333.05 million. Air Transport Services Group had a net margin of 2.13% and a return on equity of 21.56%. The company’s revenue for the quarter was up 64.3% on a year-over-year basis. During the same quarter last year, the business posted $0.28 EPS. Equities research analysts predict that Air Transport Services Group will post 1.38 EPS for the current year.

In related news, CFO Quint O. Turner sold 2,250 shares of Air Transport Services Group stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $24.25, for a total value of $54,562.50. Following the completion of the transaction, the chief financial officer now directly owns 242,823 shares in the company, valued at approximately $5,888,457.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Raymond E. Johns, Jr. acquired 2,400 shares of Air Transport Services Group stock in a transaction that occurred on Thursday, August 8th. The stock was acquired at an average price of $20.74 per share, with a total value of $49,776.00. Following the completion of the purchase, the director now directly owns 7,125 shares in the company, valued at approximately $147,772.50. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 13,400 shares of company stock valued at $269,516 and have sold 10,450 shares valued at $250,641. Company insiders own 2.30% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Financial Gravity Wealth Inc. grew its stake in Air Transport Services Group by 294.1% in the 2nd quarter. Financial Gravity Wealth Inc. now owns 1,608 shares of the transportation company’s stock valued at $39,000 after buying an additional 1,200 shares in the last quarter. Quantamental Technologies LLC bought a new position in Air Transport Services Group in the 1st quarter valued at $50,000. NumerixS Investment Technologies Inc bought a new position in Air Transport Services Group in the 2nd quarter valued at $56,000. Aperio Group LLC bought a new position in Air Transport Services Group in the 2nd quarter valued at $134,000. Finally, US Bancorp DE boosted its holdings in Air Transport Services Group by 47.6% in the 2nd quarter. US Bancorp DE now owns 6,188 shares of the transportation company’s stock valued at $151,000 after purchasing an additional 1,997 shares during the period. Institutional investors and hedge funds own 86.86% of the company’s stock.

About Air Transport Services Group

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.

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