Air Transport Services Group Inc. (ATSG) Shares Up 3%
Shares of Air Transport Services Group Inc. (NASDAQ:ATSG) shot up 3% during mid-day trading on Wednesday . The company traded as high as $14.10 and last traded at $14.09, with a volume of 122,970 shares traded. 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 research note on Monday, July 18th.
The firm has a 50-day moving average price of $13.77 and a 200-day moving average price of $13.15. The company has a market cap of $905.06 million and a P/E ratio of 24.74.
Air Transport Services Group (NASDAQ:ATSG) last posted its quarterly earnings data on Monday, August 8th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. The company had revenue of $176.50 million for the quarter, compared to analyst estimates of $181.27 million. During the same period in the previous year, the business posted $0.16 earnings per share. The firm’s revenue was up 18.9% compared to the same quarter last year. On average, equities research 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. River Road Asset Management LLC increased its position in Air Transport Services Group Inc. (NASDAQ:ATSG) by 38.4% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,070,683 shares of the company’s stock after buying an additional 574,253 shares during the period. River Road Asset Management LLC owned 3.22% of Air Transport Services Group worth $20,872,000 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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