Air Transport Services Group (NASDAQ:ATSG) Trading 6.9% Higher

Air Transport Services Group Inc. (NASDAQ:ATSG)’s share price traded up 6.9% on Tuesday . The company traded as high as $18.99 and last traded at $18.23, 917,862 shares were traded during mid-day trading. An increase of 63% from the average session volume of 564,733 shares. The stock had previously closed at $17.06.

A number of analysts have weighed in on the stock. TheStreet lowered shares of Air Transport Services Group from a “b-” rating to a “c+” rating in a research report on Thursday, March 5th. BidaskClub upgraded shares of Air Transport Services Group from a “sell” rating to a “hold” rating in a research report on Thursday, March 19th. Zacks Investment Research lowered shares of Air Transport Services Group from a “buy” rating to a “hold” rating in a research report on Wednesday. ValuEngine upgraded shares of Air Transport Services Group from a “sell” rating to a “hold” rating in a research report on Tuesday, December 24th. Finally, Benchmark assumed coverage on shares of Air Transport Services Group in a research report on Friday, March 20th. They issued a “buy” rating and a $25.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $25.25.

The company’s 50 day moving average price is $18.83 and its 200-day moving average price is $21.46. The stock has a market cap of $1.01 billion, a P/E ratio of -27.33 and a beta of 1.07. The company has a quick ratio of 0.87, a current ratio of 1.01 and a debt-to-equity ratio of 3.26.

Air Transport Services Group (NASDAQ:ATSG) last released its quarterly earnings results on Monday, March 2nd. The transportation company reported $0.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.14. The firm had revenue of $403.35 million during the quarter, compared to the consensus estimate of $373.88 million. Air Transport Services Group had a net margin of 4.21% and a return on equity of 24.61%. The company’s revenue for the quarter was up 43.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.36 earnings per share. Equities research analysts anticipate that Air Transport Services Group Inc. will post 1.57 earnings per share for the current year.

In other news, CFO Quint O. Turner sold 3,000 shares of the firm’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $23.25, for a total transaction of $69,750.00. Following the completion of the transaction, the chief financial officer now owns 198,350 shares of the company’s stock, valued at $4,611,637.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.30% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC increased its stake in Air Transport Services Group by 1,773.4% in the third quarter. Tower Research Capital LLC TRC now owns 3,241 shares of the transportation company’s stock valued at $68,000 after purchasing an additional 3,068 shares in the last quarter. NumerixS Investment Technologies Inc grew its holdings in shares of Air Transport Services Group by 61.5% during the fourth quarter. NumerixS Investment Technologies Inc now owns 4,200 shares of the transportation company’s stock valued at $99,000 after buying an additional 1,600 shares during the last quarter. US Bancorp DE grew its holdings in shares of Air Transport Services Group by 105.9% during the fourth quarter. US Bancorp DE now owns 8,669 shares of the transportation company’s stock valued at $203,000 after buying an additional 4,458 shares during the last quarter. Principal Financial Group Inc. acquired a new position in shares of Air Transport Services Group during the fourth quarter valued at about $238,000. Finally, Amalgamated Bank grew its holdings in shares of Air Transport Services Group by 5.5% during the fourth quarter. Amalgamated Bank now owns 11,000 shares of the transportation company’s stock valued at $258,000 after buying an additional 571 shares during the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

Air Transport Services Group Company Profile (NASDAQ:ATSG)

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.

Recommended Story: What is the return on assets formula?

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