Air Transport Services Group Inc. (NASDAQ:ATSG) CFO Quint O. Turner sold 4,900 shares of Air Transport Services Group stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $23.34, for a total value of $114,366.00. Following the sale, the chief financial officer now directly owns 242,673 shares of the company’s stock, valued at approximately $5,663,987.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Air Transport Services Group Inc. (NASDAQ:ATSG) traded up $0.97 during trading hours on Friday, reaching $23.95. The company’s stock had a trading volume of 651,938 shares, compared to its average volume of 424,917. Air Transport Services Group Inc. has a one year low of $15.34 and a one year high of $27.67. The firm has a market capitalization of $1,358.60, a P/E ratio of -18.28 and a beta of 1.88. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.97 and a quick ratio of 0.87.

A number of large investors have recently made changes to their positions in ATSG. Victory Capital Management Inc. lifted its holdings in Air Transport Services Group by 91.1% in the third quarter. Victory Capital Management Inc. now owns 2,180,951 shares of the transportation company’s stock valued at $53,084,000 after acquiring an additional 1,039,666 shares during the period. Emerald Advisers Inc. PA acquired a new position in Air Transport Services Group in the third quarter valued at approximately $10,783,000. Rice Hall James & Associates LLC lifted its holdings in Air Transport Services Group by 271.8% in the third quarter. Rice Hall James & Associates LLC now owns 575,088 shares of the transportation company’s stock valued at $13,998,000 after acquiring an additional 420,399 shares during the period. Castleark Management LLC acquired a new position in Air Transport Services Group in the second quarter valued at approximately $8,242,000. Finally, Emerald Mutual Fund Advisers Trust acquired a new position in Air Transport Services Group in the third quarter valued at approximately $8,770,000. 91.17% of the stock is owned by institutional investors.

ATSG has been the subject of a number of research reports. BidaskClub downgraded Air Transport Services Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 31st. Cowen set a $27.00 target price on Air Transport Services Group and gave the stock a “buy” rating in a report on Friday, October 13th. Stephens reaffirmed a “buy” rating and set a $32.00 target price on shares of Air Transport Services Group in a report on Wednesday, January 10th. Zacks Investment Research raised Air Transport Services Group from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a report on Tuesday, January 9th. Finally, ValuEngine downgraded Air Transport Services Group from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $25.57.

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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.

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

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