Air Transport Services Group (ATSG) Rating Lowered to Hold at ValuEngine

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

A number of other brokerages have also weighed in on ATSG. Cowen reissued an “outperform” rating and issued a $27.00 target price (up previously from $25.00) on shares of Air Transport Services Group in a research report on Thursday, August 10th. Stifel Nicolaus reissued a “hold” rating and issued a $20.00 target price on shares of Air Transport Services Group in a research report on Friday, August 4th. Zacks Investment Research lowered Air Transport Services Group from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. Stephens reissued an “overweight” rating and issued a $29.00 target price (up previously from $27.00) on shares of Air Transport Services Group in a research report on Tuesday, November 7th. Finally, BidaskClub lowered Air Transport Services Group from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $24.86.

Shares of Air Transport Services Group (ATSG) traded up $0.04 during trading on Friday, reaching $24.29. 438,250 shares of the company were exchanged, compared to its average volume of 584,618. The company has a market cap of $1,436.05, a PE ratio of 30.75 and a beta of 1.97. Air Transport Services Group has a 52 week low of $14.97 and a 52 week high of $26.75. The company has a current ratio of 0.97, a quick ratio of 0.87 and a debt-to-equity ratio of 1.62.

Air Transport Services Group (NASDAQ:ATSG) last announced its quarterly earnings results on Monday, November 6th. The transportation company reported $0.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.01. The company had revenue of $254.10 million for the quarter, compared to analysts’ expectations of $256.13 million. Air Transport Services Group had a negative net margin of 7.77% and a positive return on equity of 16.62%. During the same quarter in the previous year, the business posted $0.14 EPS. Air Transport Services Group’s revenue was up 31.5% compared to the same quarter last year. research analysts anticipate that Air Transport Services Group will post 0.86 earnings per share for the current fiscal year.

In other news, Director Joseph Edward Roux sold 10,012 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $23.61, for a total transaction of $236,383.32. Following the completion of the sale, the director now owns 27,862 shares of the company’s stock, valued at approximately $657,821.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider W Joseph Payne sold 7,500 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $24.20, for a total transaction of $181,500.00. Following the sale, the insider now directly owns 177,952 shares of the company’s stock, valued at approximately $4,306,438.40. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisor Group Inc. increased its position in shares of Air Transport Services Group by 21.4% during the 2nd quarter. Advisor Group Inc. now owns 6,895 shares of the transportation company’s stock valued at $150,000 after purchasing an additional 1,217 shares during the last quarter. Pacad Investment Ltd. purchased a new stake in shares of Air Transport Services Group during the 2nd quarter valued at about $168,000. First Mercantile Trust Co. purchased a new stake in shares of Air Transport Services Group during the 2nd quarter valued at about $169,000. SG Americas Securities LLC purchased a new stake in shares of Air Transport Services Group during the 3rd quarter valued at about $258,000. Finally, Prudential Financial Inc. purchased a new stake in shares of Air Transport Services Group during the 3rd quarter valued at about $262,000. 90.47% of the stock is owned by hedge funds and other institutional investors.

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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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