Air Transport Services Group, Inc (NASDAQ:ATSG) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $25.37 and last traded at $25.40, with a volume of 330,443 shares. The stock had previously closed at $24.38.

Several research firms recently issued reports on ATSG. Zacks Investment Research downgraded shares of Air Transport Services Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 17th. Cowen and Company reaffirmed an “outperform” rating on shares of Air Transport Services Group in a research note on Monday, May 15th. TheStreet downgraded shares of Air Transport Services Group from a “b+” rating to a “c+” rating in a research note on Monday, August 7th. Imperial Capital lifted their price target on shares of Air Transport Services Group from $18.00 to $23.00 and gave the stock an “in-line” rating in a research note on Friday, May 5th. Finally, BidaskClub raised shares of Air Transport Services Group from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $23.29.

The company’s market capitalization is $1.34 billion. The firm has a 50-day moving average of $23.32 and a 200 day moving average of $19.92.

Air Transport Services Group (NASDAQ:ATSG) last released its earnings results on Monday, August 7th. The transportation company reported $0.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.02. The firm had revenue of $253.21 million during the quarter, compared to analysts’ expectations of $235.69 million. Air Transport Services Group had a negative net margin of 4.42% and a positive return on equity of 14.27%. The business’s quarterly revenue was up 43.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.13 EPS. On average, equities research analysts predict that Air Transport Services Group, Inc will post $0.89 earnings per share for the current year.

In related news, VP Matthew E. Fedders sold 4,102 shares of the company’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 directly owns 24,842 shares in the company, valued at approximately $552,486.08. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider W Joseph Payne sold 5,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $24.52, for a total transaction of $122,600.00. Following the transaction, the insider now owns 185,452 shares of the company’s stock, valued at $4,547,283.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,414,480 shares of company stock valued at $99,000,315. Corporate insiders own 2.20% of the company’s stock.

Several institutional investors have recently made changes to their positions in ATSG. Nationwide Fund Advisors boosted its position in shares of Air Transport Services Group by 0.4% in the first quarter. Nationwide Fund Advisors now owns 43,693 shares of the transportation company’s stock worth $701,000 after buying an additional 189 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Air Transport Services Group by 4.3% in the second quarter. Legal & General Group Plc now owns 12,353 shares of the transportation company’s stock worth $269,000 after buying an additional 510 shares in the last quarter. Penn Capital Management Co. Inc. boosted its position in shares of Air Transport Services Group by 1.1% in the second quarter. Penn Capital Management Co. Inc. now owns 82,225 shares of the transportation company’s stock worth $1,791,000 after buying an additional 899 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Air Transport Services Group by 18.2% in the first quarter. Victory Capital Management Inc. now owns 6,887 shares of the transportation company’s stock worth $111,000 after buying an additional 1,058 shares in the last quarter. Finally, Advisor Group Inc. boosted its position in shares of Air Transport Services Group by 21.4% in the second 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. Institutional investors own 87.64% of the company’s stock.

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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.

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