Air Transport Services Group, Inc (NASDAQ:ATSG) announced its earnings results on Monday. The transportation company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02, Briefing.com reports. The business had revenue of $253.21 million during the quarter, compared to analyst estimates of $235.69 million. Air Transport Services Group had a negative net margin of 4.42% and a positive return on equity of 13.71%. The company’s quarterly revenue was up 43.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.13 EPS.

Shares of Air Transport Services Group (NASDAQ:ATSG) opened at 23.66 on Wednesday. Air Transport Services Group has a 1-year low of $12.94 and a 1-year high of $25.62. The stock has a 50 day moving average price of $23.13 and a 200 day moving average price of $19.63. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 64.29 and a beta of 2.01.

A number of brokerages have weighed in on ATSG. TheStreet lowered shares of Air Transport Services Group from a “b+” rating to a “c+” rating in a research note on Monday. Stifel Nicolaus reiterated a “hold” rating and set a $20.00 target price on shares of Air Transport Services Group in a research note on Friday, August 4th. BidaskClub upgraded shares of Air Transport Services Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Zacks Investment Research lowered shares of Air Transport Services Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 17th. Finally, Imperial Capital boosted their target price on shares of Air Transport Services Group from $18.00 to $23.00 and gave the company an “in-line” rating in a research note on Monday, May 15th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Air Transport Services Group currently has a consensus rating of “Buy” and an average price target of $23.00.

In related news, VP Matthew E. Fedders sold 4,102 shares of the firm’s stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $22.24, for a total transaction of $91,228.48. Following the completion of the transaction, the vice president now owns 24,842 shares of the company’s stock, valued at $552,486.08. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Joseph C. Hete sold 50,000 shares of the firm’s stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $22.93, for a total transaction of $1,146,500.00. Following the transaction, the chief executive officer now directly owns 635,669 shares of the company’s stock, valued at approximately $14,575,890.17. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,464,480 shares of company stock valued at $100,146,815. 2.20% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC boosted its position in shares of Air Transport Services Group by 79.2% in the first quarter. FMR LLC now owns 3,135,356 shares of the transportation company’s stock valued at $50,323,000 after buying an additional 1,386,101 shares during the period. Victory Capital Management Inc. boosted its position in shares of Air Transport Services Group by 16,471.6% in the second quarter. Victory Capital Management Inc. now owns 1,141,285 shares of the transportation company’s stock valued at $24,857,000 after buying an additional 1,134,398 shares during the period. Hodges Capital Management Inc. acquired a new position in shares of Air Transport Services Group during the second quarter valued at about $14,497,000. Kennedy Capital Management Inc. boosted its position in shares of Air Transport Services Group by 167.8% in the first quarter. Kennedy Capital Management Inc. now owns 786,660 shares of the transportation company’s stock valued at $12,626,000 after buying an additional 492,946 shares during the period. Finally, Deroy & Devereaux Private Investment Counsel Inc. boosted its position in shares of Air Transport Services Group by 423.2% in the first quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 512,489 shares of the transportation company’s stock valued at $8,225,000 after buying an additional 414,539 shares during the period. 87.64% of the stock is owned by hedge funds and other institutional investors.

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About Air Transport Services Group

Air Transport Services Group, Inc (ATSG) is a holding company. The Company provides airline operations, aircraft leases, aircraft maintenance and other support services primarily to the cargo transportation and package delivery industries. It offers aircraft, crew, maintenance and insurance (ACMI) for specified cargo operations.

Earnings History for Air Transport Services Group (NASDAQ:ATSG)

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