Air Transport Services Group, Inc (NASDAQ:ATSG) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Friday.

Several other brokerages have also commented on ATSG. Stifel Nicolaus reissued a “hold” rating and set a $20.00 price objective on shares of Air Transport Services Group in a report on Friday, August 4th. TheStreet lowered Air Transport Services Group from a “b+” rating to a “c+” rating in a report on Monday. Cowen and Company reissued an “outperform” rating and set a $27.00 price objective (up previously from $25.00) on shares of Air Transport Services Group in a report on Thursday. Zacks Investment Research lowered Air Transport Services Group from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Imperial Capital boosted their price objective on Air Transport Services Group from $18.00 to $23.00 and gave the stock an “in-line” rating in a report on Monday, May 15th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $23.29.

Air Transport Services Group (NASDAQ:ATSG) traded down 2.57% during midday trading on Friday, hitting $22.33. 126,797 shares of the stock were exchanged. The company’s 50 day moving average is $23.31 and its 200 day moving average is $19.87. The company’s market capitalization is $1.32 billion. Air Transport Services Group has a 1-year low of $12.94 and a 1-year high of $25.75.

Air Transport Services Group (NASDAQ:ATSG) last issued its quarterly earnings data on Monday, August 7th. The transportation company reported $0.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.02. Air Transport Services Group had a positive return on equity of 14.27% and a negative net margin of 4.42%. The company had revenue of $253.21 million during the quarter, compared to analyst estimates of $235.69 million. During the same quarter in the previous year, the firm earned $0.13 earnings per share. Air Transport Services Group’s revenue was up 43.4% on a year-over-year basis. Analysts predict that Air Transport Services Group will post $0.89 earnings per share for the current fiscal year.

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In other Air Transport Services Group news, CFO Quint O. Turner sold 8,048 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $23.08, for a total value of $185,747.84. Following the completion of the sale, the chief financial officer now owns 271,175 shares of the company’s stock, valued at $6,258,719. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Richard Francis Corrado sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $23.05, for a total value of $461,000.00. Following the completion of the sale, the insider now directly owns 112,839 shares of the company’s stock, valued at approximately $2,600,938.95. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,414,480 shares of company stock valued at $99,000,315. 2.20% of the stock is owned by insiders.

A number of hedge funds have recently modified their holdings of ATSG. Vanguard Group Inc. raised its stake in shares of Air Transport Services Group by 5.5% in the first quarter. Vanguard Group Inc. now owns 4,050,634 shares of the transportation company’s stock valued at $65,013,000 after buying an additional 211,204 shares in the last quarter. FMR LLC raised its stake in shares of Air Transport Services Group by 79.2% in the first quarter. FMR LLC now owns 3,135,356 shares of the transportation company’s stock valued at $50,323,000 after buying an additional 1,386,101 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Air Transport Services Group by 16,471.6% in the second quarter. Victory Capital Management Inc. now owns 1,141,285 shares of the transportation company’s stock valued at $24,857,000 after buying an additional 1,134,398 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of Air Transport Services Group by 1.6% in the first quarter. Alliancebernstein L.P. now owns 864,700 shares of the transportation company’s stock valued at $13,878,000 after buying an additional 13,740 shares in the last quarter. Finally, IPG Investment Advisors LLC raised its stake in shares of Air Transport Services Group by 3.5% in the second quarter. IPG Investment Advisors LLC now owns 846,340 shares of the transportation company’s stock valued at $18,433,000 after buying an additional 28,970 shares in the last quarter. 87.64% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Air Transport Services Group (NASDAQ:ATSG)

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