Air Transport Services Group Inc. (NASDAQ:ATSG) Given Consensus Recommendation of “Hold” by Brokerages

Air Transport Services Group Inc. (NASDAQ:ATSG) has earned an average recommendation of “Hold” from the eight research firms that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $27.80.

A number of research analysts have recently weighed in on the stock. TheStreet cut shares of Air Transport Services Group from a “b-” rating to a “c” rating in a research note on Monday, August 5th. BidaskClub cut shares of Air Transport Services Group from a “hold” rating to a “sell” rating in a research note on Thursday, October 10th. Finally, Zacks Investment Research raised shares of Air Transport Services Group from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research note on Tuesday, October 8th.

Shares of ATSG traded up $0.28 during mid-day trading on Thursday, reaching $20.51. 5,612 shares of the company’s stock were exchanged, compared to its average volume of 280,234. The company has a quick ratio of 0.78, a current ratio of 0.92 and a debt-to-equity ratio of 3.89. The company has a 50-day simple moving average of $20.64 and a two-hundred day simple moving average of $22.20. Air Transport Services Group has a 52-week low of $17.06 and a 52-week high of $25.82. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 16.39 and a beta of 0.95.

Air Transport Services Group (NASDAQ:ATSG) last issued its quarterly earnings data on Monday, August 5th. The transportation company reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.03. Air Transport Services Group had a net margin of 2.13% and a return on equity of 21.56%. The business had revenue of $334.60 million during the quarter, compared to analysts’ expectations of $333.05 million. During the same period last year, the company posted $0.28 EPS. The company’s revenue was up 64.3% on a year-over-year basis. As a group, equities research analysts predict that Air Transport Services Group will post 1.3 EPS for the current fiscal year.

In related news, CFO Quint O. Turner sold 2,250 shares of the firm’s stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $24.25, for a total transaction of $54,562.50. Following the sale, the chief financial officer now owns 242,823 shares in the company, valued at $5,888,457.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert K. Coretz bought 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were purchased at an average price of $20.00 per share, for a total transaction of $200,000.00. Following the transaction, the director now owns 135,000 shares of the company’s stock, valued at approximately $2,700,000. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 13,400 shares of company stock valued at $269,516 and have sold 9,750 shares valued at $227,234. Company insiders own 2.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in ATSG. Roubaix Capital LLC acquired a new stake in Air Transport Services Group during the second quarter worth approximately $4,472,000. Waddell & Reed Financial Inc. boosted its position in Air Transport Services Group by 8.7% during the second quarter. Waddell & Reed Financial Inc. now owns 1,860,565 shares of the transportation company’s stock worth $45,398,000 after acquiring an additional 148,852 shares during the last quarter. Emerald Advisers LLC boosted its position in Air Transport Services Group by 15.1% during the second quarter. Emerald Advisers LLC now owns 989,714 shares of the transportation company’s stock worth $24,149,000 after acquiring an additional 130,078 shares during the last quarter. First Trust Advisors LP boosted its position in Air Transport Services Group by 415.5% during the first quarter. First Trust Advisors LP now owns 125,485 shares of the transportation company’s stock worth $2,892,000 after acquiring an additional 101,141 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust boosted its position in Air Transport Services Group by 9.2% during the second quarter. Emerald Mutual Fund Advisers Trust now owns 612,876 shares of the transportation company’s stock worth $14,954,000 after acquiring an additional 51,580 shares during the last quarter. Hedge funds and other institutional investors own 87.09% of the company’s stock.

About Air Transport Services Group

Air Transport Services Group, Inc, through its subsidiaries, operates in the airfreight and logistics industry. The company owns and leases cargo aircraft to airlines and other customers. It also provides airline operations to delivery companies, airlines, freight forwarders, and the U.S. Military, as well as operates charter agreements.

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