Air Transport Services Group Inc. (NASDAQ:ATSG) CFO Quint O. Turner Sells 3,000 Shares

Air Transport Services Group Inc. (NASDAQ:ATSG) CFO Quint O. Turner sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $23.34, for a total value of $70,020.00. Following the transaction, the chief financial officer now owns 244,303 shares in the company, valued at approximately $5,702,032.02. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of Air Transport Services Group stock traded up $0.06 during midday trading on Friday, hitting $23.75. The company had a trading volume of 7 shares, compared to its average volume of 258,862. The company has a quick ratio of 0.85, a current ratio of 0.99 and a debt-to-equity ratio of 3.60. The company has a market capitalization of $1.39 billion, a P/E ratio of 18.85 and a beta of 0.93. Air Transport Services Group Inc. has a 52-week low of $17.06 and a 52-week high of $25.82.

Air Transport Services Group (NASDAQ:ATSG) last posted its quarterly earnings results on Tuesday, May 7th. The transportation company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.09. The company had revenue of $348.18 million for the quarter, compared to the consensus estimate of $306.01 million. Air Transport Services Group had a return on equity of 20.87% and a net margin of 7.33%. As a group, equities analysts expect that Air Transport Services Group Inc. will post 1.32 EPS for the current year.

A number of research analysts have weighed in on the company. Zacks Investment Research downgraded Air Transport Services Group from a “hold” rating to a “sell” rating in a report on Wednesday, February 20th. BidaskClub downgraded Air Transport Services Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 27th. Imperial Capital reiterated an “outperform” rating and set a $31.00 target price (up previously from $28.00) on shares of Air Transport Services Group in a report on Thursday, May 9th. Stifel Nicolaus set a $26.00 target price on Air Transport Services Group and gave the stock a “buy” rating in a report on Thursday, May 16th. Finally, ValuEngine downgraded Air Transport Services Group from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th. One analyst has rated the stock with a sell rating, two have assigned 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 price target of $28.17.

Several institutional investors have recently bought and sold shares of the stock. Equitable Trust Co. lifted its holdings in shares of Air Transport Services Group by 6.6% during the 1st quarter. Equitable Trust Co. now owns 62,227 shares of the transportation company’s stock valued at $1,434,000 after buying an additional 3,855 shares during the period. Man Group plc bought a new position in shares of Air Transport Services Group during the 1st quarter valued at $2,575,000. Arrowgrass Capital Partners US LP lifted its holdings in shares of Air Transport Services Group by 23.9% during the 1st quarter. Arrowgrass Capital Partners US LP now owns 190,978 shares of the transportation company’s stock valued at $4,402,000 after buying an additional 36,800 shares during the period. Ellington Management Group LLC bought a new position in shares of Air Transport Services Group during the 1st quarter valued at $279,000. Finally, Hsbc Holdings PLC bought a new position in shares of Air Transport Services Group during the 1st quarter valued at $202,000. Institutional investors own 90.52% of the company’s stock.

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About Air Transport Services Group

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.

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