Air Transport Services Group, Inc (NASDAQ:ATSG) CFO Quint O. Turner sold 6,750 shares of Air Transport Services Group stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $23.98, for a total value of $161,865.00. Following the transaction, the chief financial officer now directly owns 264,425 shares in the company, valued at approximately $6,340,911.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Air Transport Services Group, Inc (ATSG) traded down $0.31 during mid-day trading on Monday, hitting $23.68. The company’s stock had a trading volume of 284,400 shares, compared to its average volume of 427,717. Air Transport Services Group, Inc has a one year low of $14.97 and a one year high of $26.75. The stock has a market cap of $1,399.99, a P/E ratio of 29.98 and a beta of 1.96. The company has a quick ratio of 0.87, a current ratio of 0.97 and a debt-to-equity ratio of 1.62.

Air Transport Services Group (NASDAQ:ATSG) last announced its earnings results on Monday, November 6th. The transportation company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.01. Air Transport Services Group had a positive return on equity of 16.62% and a negative net margin of 7.77%. The company had revenue of $254.10 million for the quarter, compared to the consensus estimate of $256.13 million. During the same period last year, the business posted $0.14 EPS. The company’s revenue was up 31.5% on a year-over-year basis. research analysts expect that Air Transport Services Group, Inc will post 0.86 EPS for the current year.

Several institutional investors have recently bought and sold shares of ATSG. Victory Capital Management Inc. boosted its stake 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 in the last quarter. Emerald Advisers Inc. PA purchased a new stake in shares of Air Transport Services Group in the third quarter valued at approximately $10,783,000. Rice Hall James & Associates LLC boosted its stake in shares of Air Transport Services Group by 271.8% in the third quarter. Rice Hall James & Associates LLC now owns 575,088 shares of the transportation company’s stock valued at $13,998,000 after buying an additional 420,399 shares in the last quarter. Castleark Management LLC purchased a new stake in shares of Air Transport Services Group in the second quarter valued at approximately $8,242,000. Finally, Emerald Mutual Fund Advisers Trust purchased a new stake in shares of Air Transport Services Group in the third quarter valued at approximately $8,770,000. Hedge funds and other institutional investors own 90.47% of the company’s stock.

ATSG has been the topic of several analyst reports. Zacks Investment Research downgraded Air Transport Services Group from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. Stifel Nicolaus reiterated a “hold” rating and issued a $22.00 target price (up from $20.00) on shares of Air Transport Services Group in a research note on Tuesday, November 7th. Stephens reiterated an “overweight” rating and issued a $29.00 target price (up from $27.00) on shares of Air Transport Services Group in a research note on Tuesday, November 7th. Cowen set a $27.00 target price on Air Transport Services Group and gave the company a “buy” rating in a research note on Friday, October 13th. Finally, ValuEngine downgraded Air Transport Services Group from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $24.86.

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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.

Insider Buying and Selling by Quarter for Air Transport Services Group (NASDAQ:ATSG)

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