Air Transport Services Group, Inc (NASDAQ:ATSG) dropped 0% during mid-day trading on Thursday . The company traded as low as $23.40 and last traded at $23.40. Approximately 983,226 shares were traded during trading, an increase of 112% from the average daily volume of 464,179 shares. The stock had previously closed at $23.40.

ATSG has been the topic of a number of analyst reports. Zacks Investment Research downgraded Air Transport Services Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 17th. Stifel Nicolaus reissued a “hold” rating and set a $20.00 price target on shares of Air Transport Services Group in a research report on Friday, August 4th. Cowen and Company reissued an “outperform” rating and set a $27.00 price target (up previously from $25.00) on shares of Air Transport Services Group in a research report on Thursday, August 10th. BidaskClub downgraded Air Transport Services Group from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Finally, TheStreet downgraded Air Transport Services Group from a “b+” rating to a “c+” rating in a research report on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $24.25.

The stock has a market capitalization of $1,383.43, a PE ratio of 29.62 and a beta of 2.00. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.11 and a quick ratio of 1.01.

Air Transport Services Group (NASDAQ:ATSG) last released its earnings results on Monday, November 6th. The transportation company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.01. Air Transport Services Group had a positive return on equity of 16.29% and a negative net margin of 7.77%. The firm had revenue of $254.10 million during the quarter, compared to analysts’ expectations of $256.13 million. During the same period in the prior year, the company earned $0.14 earnings per share. The company’s quarterly revenue was up 31.5% on a year-over-year basis. equities research analysts forecast that Air Transport Services Group, Inc will post 0.86 EPS for the current year.

In other Air Transport Services Group news, insider W Joseph Payne sold 7,500 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $24.20, for a total transaction of $181,500.00. Following the completion of the sale, the insider now directly owns 177,952 shares in the company, valued at $4,306,438.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard M. Baudouin sold 8,100 shares of the company’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $21.71, for a total value of $175,851.00. The disclosure for this sale can be found here. 2.20% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ATSG. Vanguard Group Inc. lifted its stake in Air Transport Services Group by 5.5% during the first quarter. Vanguard Group Inc. now owns 4,050,634 shares of the transportation company’s stock worth $65,013,000 after purchasing an additional 211,204 shares during the last quarter. Geode Capital Management LLC lifted its stake in Air Transport Services Group by 3.6% during the first quarter. Geode Capital Management LLC now owns 429,566 shares of the transportation company’s stock worth $6,894,000 after purchasing an additional 14,774 shares during the last quarter. UBS Group AG lifted its stake in Air Transport Services Group by 5.7% during the first quarter. UBS Group AG now owns 81,481 shares of the transportation company’s stock worth $1,307,000 after purchasing an additional 4,374 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Air Transport Services Group by 5.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 183,573 shares of the transportation company’s stock worth $2,947,000 after purchasing an additional 9,900 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in Air Transport Services Group by 460.9% during the first quarter. Bank of America Corp DE now owns 147,865 shares of the transportation company’s stock worth $2,373,000 after purchasing an additional 121,502 shares during the last quarter. Hedge funds and other institutional investors own 91.92% of the company’s stock.

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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. It offers aircraft, crew, maintenance and insurance (ACMI) for specified cargo operations.

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