Air Transport Services Group, Inc. (NASDAQ:ATSG) Director Buys $36,278.00 in Stock

Air Transport Services Group, Inc. (NASDAQ:ATSG – Get Rating) Director Raymond E. Johns, Jr. bought 2,200 shares of Air Transport Services Group stock in a transaction on Thursday, May 18th. The stock was purchased at an average price of $16.49 per share, for a total transaction of $36,278.00. Following the completion of the acquisition, the director now owns 23,543 shares in the company, valued at approximately $388,224.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Air Transport Services Group Stock Up 1.0 %

ATSG opened at $16.90 on Monday. The firm has a 50 day moving average price of $19.37 and a 200 day moving average price of $23.88. The company has a market cap of $1.21 billion, a PE ratio of 8.67 and a beta of 0.76. Air Transport Services Group, Inc. has a 1 year low of $14.39 and a 1 year high of $34.00. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.01 and a current ratio of 1.18.

Air Transport Services Group (NASDAQ:ATSG – Get Rating) last posted its earnings results on Friday, May 5th. The transportation company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.11). The business had revenue of $501.10 million for the quarter, compared to analyst estimates of $510.80 million. Air Transport Services Group had a return on equity of 12.66% and a net margin of 8.20%. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period last year, the company posted $0.56 EPS. Sell-side analysts expect that Air Transport Services Group, Inc. will post 1.62 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ATSG has been the topic of a number of recent research reports. Truist Financial reduced their target price on shares of Air Transport Services Group from $22.00 to $17.00 in a report on Monday, May 8th. TheStreet lowered shares of Air Transport Services Group from a “b-” rating to a “c+” rating in a report on Friday, March 24th. Stifel Nicolaus reduced their target price on shares of Air Transport Services Group from $27.00 to $26.00 in a report on Monday, May 8th. Susquehanna reduced their target price on shares of Air Transport Services Group from $25.00 to $18.00 in a report on Tuesday, May 9th. Finally, StockNews.com began coverage on shares of Air Transport Services Group in a report on Thursday. They set a “hold” rating on the stock.

Institutional Trading of Air Transport Services Group

Hedge funds have recently made changes to their positions in the company. CWM LLC raised its stake in shares of Air Transport Services Group by 54.4% during the third quarter. CWM LLC now owns 1,081 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 381 shares during the period. Harbour Investments Inc. raised its stake in shares of Air Transport Services Group by 374.9% during the fourth quarter. Harbour Investments Inc. now owns 1,249 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 986 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Air Transport Services Group by 141.2% during the first quarter. Tower Research Capital LLC TRC now owns 1,674 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 980 shares during the period. Lazard Asset Management LLC raised its stake in shares of Air Transport Services Group by 1,147.3% during the fourth quarter. Lazard Asset Management LLC now owns 1,372 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 1,262 shares during the period. Finally, Altshuler Shaham Ltd purchased a new stake in shares of Air Transport Services Group during the third quarter valued at approximately $38,000. Hedge funds and other institutional investors own 95.77% of the company’s stock.

About Air Transport Services Group

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Air Transport Services Group, Inc engages in the provision of airline operations, aircraft leases, aircraft maintenance, and other support services primarily to the cargo transportation and package delivery industries. It operates through the CAM and ACMI Services segments. The CAM segment consists of the company’s aircraft leasing operations.