Joseph Edward Roux Sells 1,370 Shares of Air Transport Services Group Inc. (ATSG) Stock

Air Transport Services Group Inc. (NASDAQ:ATSG) Director Joseph Edward Roux sold 1,370 shares of the company’s stock in a transaction that occurred on Friday, March 24th. The stock was sold at an average price of $15.50, for a total value of $21,235.00. Following the transaction, the director now directly owns 32,862 shares of the company’s stock, valued at $509,361. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Air Transport Services Group Inc. (NASDAQ:ATSG) opened at 15.58 on Tuesday. Air Transport Services Group Inc. has a 1-year low of $12.36 and a 1-year high of $17.81. The company has a 50-day moving average price of $16.58 and a 200 day moving average price of $15.61. The firm has a market capitalization of $926.78 million, a P/E ratio of 42.22 and a beta of 1.75.

Air Transport Services Group (NASDAQ:ATSG) last released its quarterly earnings results on Monday, March 6th. The company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. The company had revenue of $221.70 million for the quarter, compared to analyst estimates of $207.57 million. Air Transport Services Group had a return on equity of 10.56% and a net margin of 5.04%. The firm’s revenue was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 earnings per share. Analysts expect that Air Transport Services Group Inc. will post $0.89 earnings per share for the current fiscal year.

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

TRADEMARK VIOLATION NOTICE: “Joseph Edward Roux Sells 1,370 Shares of Air Transport Services Group Inc. (ATSG) Stock” was published by Mideast Time and is the sole property of of Mideast Time. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be accessed at https://www.mideasttime.com/joseph-edward-roux-sells-1370-shares-of-air-transport-services-group-inc-atsg-stock/1590420.html.

Several hedge funds and other institutional investors have recently made changes to their positions in ATSG. Monarch Partners Asset Management LLC increased its position in shares of Air Transport Services Group by 134.1% in the third quarter. Monarch Partners Asset Management LLC now owns 330,774 shares of the company’s stock valued at $4,747,000 after buying an additional 189,494 shares during the period. Boston Partners increased its position in shares of Air Transport Services Group by 20.6% in the third quarter. Boston Partners now owns 454,820 shares of the company’s stock valued at $6,527,000 after buying an additional 77,770 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. increased its position in shares of Air Transport Services Group by 1.1% in the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 97,950 shares of the company’s stock valued at $1,406,000 after buying an additional 1,100 shares during the period. Axiom International Investors LLC DE increased its position in shares of Air Transport Services Group by 119.7% in the fourth quarter. Axiom International Investors LLC DE now owns 247,237 shares of the company’s stock valued at $3,946,000 after buying an additional 134,717 shares during the period. Finally, Baird Financial Group Inc. bought a new position in shares of Air Transport Services Group during the fourth quarter valued at $5,127,000. Institutional investors own 85.88% of the company’s stock.

Several brokerages have recently weighed in on ATSG. Zacks Investment Research downgraded Air Transport Services Group from a “buy” rating to a “hold” rating in a research note on Tuesday, January 17th. Seaport Global Securities began coverage on Air Transport Services Group in a research note on Tuesday, November 29th. They set a “buy” rating and a $20.00 target price for the company. Imperial Capital began coverage on Air Transport Services Group in a research note on Friday, February 24th. They set an “in-line” rating and a $18.00 target price for the company. Stephens raised Air Transport Services Group from an “equal weight” rating to an “overweight” rating and set a $22.00 target price for the company in a research note on Saturday, March 11th. Finally, Cowen and Company reaffirmed a “positive” rating and set a $18.00 target price on shares of Air Transport Services Group in a research note on Tuesday, March 7th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Air Transport Services Group presently has an average rating of “Buy” and a consensus target price of $19.20.

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. Through the Company’s subsidiaries, it offers a range of complementary services to delivery companies, freight forwarders, airlines and government customers.

5 Day Chart for NASDAQ:ATSG

Receive News & Ratings for Air Transport Services Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Transport Services Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2017 Mideast Time.