Air Transport Services Group Inc. (ATSG) Trading 3% Higher
Air Transport Services Group Inc. (NASDAQ:ATSG)’s share price traded up 3% during trading on Wednesday . The stock traded as high as $14.10 and last traded at $14.09, with a volume of 122,970 shares trading hands. The stock had previously closed at $13.68.
Separately, Zacks Investment Research raised Air Transport Services Group from a “sell” rating to a “hold” rating in a report on Monday, July 18th.
The company has a market capitalization of $897.44 million and a P/E ratio of 24.53. The stock’s 50-day moving average is $13.72 and its 200-day moving average is $13.13.
Air Transport Services Group (NASDAQ:ATSG) last announced its quarterly earnings results on Monday, August 8th. The company reported $0.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.01. The company earned $176.50 million during the quarter, compared to analyst estimates of $181.27 million. The firm’s revenue for the quarter was up 18.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.16 EPS. Analysts forecast that Air Transport Services Group Inc. will post $0.60 EPS for the current fiscal year.
An institutional investor recently raised its position in Air Transport Services Group stock. Paradigm Capital Management Inc. NY increased its position in shares of Air Transport Services Group Inc. (NASDAQ:ATSG) by 1.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 filing with the SEC.
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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