Air Transport Services Group Inc. (NASDAQ:ATSG)’s share price dropped 3% during mid-day trading on Tuesday . The stock traded as low as $13.62 and last traded at $13.68, with a volume of 216,537 shares trading hands. The stock had previously closed at $14.11.

ATSG has been the subject of several recent research reports. TheStreet upgraded shares of Air Transport Services Group from a “hold” rating to a “buy” rating in a research report on Monday, April 11th. Zacks Investment Research cut shares of Air Transport Services Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 12th.

The stock’s 50-day moving average is $13.72 and its 200 day moving average is $13.13. The firm has a market capitalization of $872.20 million and a PE ratio of 22.10.

Air Transport Services Group (NASDAQ:ATSG) last posted its earnings results on Monday, August 8th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.01. The business earned $176.50 million during the quarter, compared to analysts’ expectations of $181.27 million. During the same quarter in the previous year, the business earned $0.16 EPS. Air Transport Services Group’s revenue for the quarter was up 18.9% on a year-over-year basis. On average, equities analysts predict that Air Transport Services Group Inc. will post $0.60 earnings per share for the current year.

An institutional investor recently raised its position in Air Transport Services Group stock. Paradigm Capital Management Inc. NY boosted its position in shares of Air Transport Services Group Inc. (NASDAQ:ATSG) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 178,500 shares of the company’s stock after buying an additional 3,000 shares during the period. Paradigm Capital Management Inc. NY owned 0.28% of Air Transport Services Group worth $1,799,000 as of its most recent SEC filing.

Air Transport Services Group, Inc (ATSG) is a holding company. Through its subsidiaries, the Company provides aircraft leasing, airline operations, aircraft maintenance and other support services to the air cargo transportation and package delivery industries. The Company offers a range of services to delivery companies, freight forwarders, airlines and Government customers.

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