Quint O. Turner Sells 4,900 Shares of Air Transport Services Group Inc. (ATSG) Stock

Air Transport Services Group Inc. (NASDAQ:ATSG) CFO Quint O. Turner sold 4,900 shares of the company’s 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 completion of the sale, the chief financial officer now owns 242,673 shares in the company, valued at approximately $5,663,987.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Air Transport Services Group Inc. (NASDAQ ATSG) opened at $23.95 on Monday. The stock has a market capitalization of $1,415.95, a P/E ratio of 30.32 and a beta of 1.88. 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 Inc. has a 1 year low of $15.34 and a 1 year high of $27.67.

ATSG has been the topic of a number of recent research reports. Stephens restated a “buy” rating and issued a $32.00 target price on shares of Air Transport Services Group in a research note on Wednesday, January 10th. Zacks Investment Research upgraded Air Transport Services Group from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Tuesday, January 9th. BidaskClub upgraded Air Transport Services Group from a “hold” rating to a “buy” rating in a research note on Tuesday, January 9th. Stifel Nicolaus reiterated a “hold” rating and set a $22.00 price target (up previously from $20.00) on shares of Air Transport Services Group in a research report on Tuesday, November 7th. Finally, ValuEngine downgraded Air Transport Services Group from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $25.57.

A number of hedge funds have recently modified their holdings of the business. Arrowstreet Capital Limited Partnership purchased a new position in Air Transport Services Group during the fourth quarter worth approximately $1,752,000. Employees Retirement System of Texas boosted its position in Air Transport Services Group by 13.6% during the fourth quarter. Employees Retirement System of Texas now owns 250,000 shares of the transportation company’s stock worth $5,785,000 after purchasing an additional 30,000 shares in the last quarter. Royce & Associates LP boosted its position in Air Transport Services Group by 97.6% during the fourth quarter. Royce & Associates LP now owns 81,000 shares of the transportation company’s stock worth $1,874,000 after purchasing an additional 40,000 shares in the last quarter. Penn Capital Management Co. Inc. boosted its position in Air Transport Services Group by 24.4% during the fourth quarter. Penn Capital Management Co. Inc. now owns 146,621 shares of the transportation company’s stock worth $3,393,000 after purchasing an additional 28,800 shares in the last quarter. Finally, BlackRock Inc. boosted its position in Air Transport Services Group by 0.8% during the fourth quarter. BlackRock Inc. now owns 3,331,539 shares of the transportation company’s stock worth $77,091,000 after purchasing an additional 26,086 shares in the last quarter. Institutional investors own 91.70% 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.

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

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