Air Transport Services Group Inc. (NASDAQ:ATSG) CFO Sells $184,500.00 in Stock

Air Transport Services Group Inc. (NASDAQ:ATSG) CFO Quint O. Turner sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $24.60, for a total value of $184,500.00. Following the completion of the sale, the chief financial officer now owns 247,573 shares in the company, valued at approximately $6,090,295.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Shares of Air Transport Services Group Inc. (ATSG) traded up $0.23 during trading on Tuesday, reaching $24.82. The company had a trading volume of 505,164 shares, compared to its average volume of 578,920. Air Transport Services Group Inc. has a one year low of $14.97 and a one year high of $26.75. The company has a market cap of $1,453.79, a PE ratio of -18.95 and a beta of 1.97. The company has a current ratio of 0.97, a quick ratio of 0.87 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 EPS for the quarter, topping the Zacks’ 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 analysts’ expectations of $256.13 million. During the same period last year, the firm earned $0.14 EPS. Air Transport Services Group’s revenue for the quarter was up 31.5% compared to the same quarter last year. equities research analysts anticipate that Air Transport Services Group Inc. will post 0.86 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in ATSG. Advisor Group Inc. increased its stake in Air Transport Services Group by 21.4% in the 2nd quarter. Advisor Group Inc. now owns 6,895 shares of the transportation company’s stock worth $150,000 after buying an additional 1,217 shares in the last quarter. Pacad Investment Ltd. purchased a new stake in Air Transport Services Group in the 2nd quarter worth $168,000. SG Americas Securities LLC purchased a new stake in Air Transport Services Group in the 3rd quarter worth $258,000. Prudential Financial Inc. purchased a new stake in Air Transport Services Group in the 3rd quarter worth $262,000. Finally, Bayesian Capital Management LP purchased a new stake in Air Transport Services Group in the 2nd quarter worth $263,000. 90.47% of the stock is currently owned by institutional investors.

Several analysts have commented on ATSG shares. Zacks Investment Research downgraded Air Transport Services Group from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. ValuEngine downgraded Air Transport Services Group from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. 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. Stephens reissued an “overweight” rating and set a $29.00 price target (up from $27.00) on shares of Air Transport Services Group in a report on Tuesday, November 7th. Finally, BidaskClub cut Air Transport Services Group from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Air Transport Services Group presently has an average rating of “Buy” and an average price target of $25.57.

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Air Transport Services Group Company Profile

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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