Air Transport Services Group, Inc (NASDAQ:ATSG) Downgraded by TheStreet to “C+”

Air Transport Services Group, Inc (NASDAQ:ATSG) was downgraded by investment analysts at TheStreet from a “b+” rating to a “c+” rating in a research note issued on Monday, August 7th.

Other research analysts also recently issued reports about the company. Sidoti reissued a “buy” rating and issued a $26.00 price objective (up from $23.00) on shares of Air Transport Services Group in a research note on Sunday, May 14th. BidaskClub raised Air Transport Services Group from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. Zacks Investment Research downgraded Air Transport Services Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 17th. Stifel Nicolaus reissued a “hold” rating and issued a $20.00 price objective on shares of Air Transport Services Group in a research note on Friday, August 4th. Finally, Imperial Capital boosted their price objective on Air Transport Services Group from $18.00 to $23.00 and gave the company an “in-line” rating in a research note on Friday, May 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $23.13.

Air Transport Services Group (NASDAQ ATSG) opened at 21.33 on Monday. Air Transport Services Group has a 1-year low of $12.94 and a 1-year high of $25.75. The firm has a 50-day moving average price of $23.35 and a 200 day moving average price of $20.15. The firm’s market cap is $1.26 billion.

Air Transport Services Group (NASDAQ:ATSG) last announced its quarterly earnings data on Monday, August 7th. The transportation company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. The company had revenue of $253.21 million for the quarter, compared to the consensus estimate of $235.69 million. Air Transport Services Group had a positive return on equity of 14.27% and a negative net margin of 4.42%. The firm’s revenue was up 43.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.13 EPS. Equities analysts predict that Air Transport Services Group will post $0.86 earnings per share for the current year.

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In other news, VP Matthew E. Fedders sold 4,102 shares of the stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of $22.24, for a total value of $91,228.48. Following the completion of the sale, the vice president now directly owns 24,842 shares of the company’s stock, valued at $552,486.08. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider W Joseph Payne sold 5,000 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $24.52, for a total value of $122,600.00. Following the completion of the sale, the insider now directly owns 185,452 shares of the company’s stock, valued at $4,547,283.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,386,432 shares of company stock worth $98,353,567. 2.20% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of the company. Victory Capital Management Inc. increased its stake in shares of Air Transport Services Group by 18.2% in the first quarter. Victory Capital Management Inc. now owns 6,887 shares of the transportation company’s stock valued at $111,000 after buying an additional 1,058 shares during the period. Advisor Group Inc. increased its stake in shares of Air Transport Services Group by 21.4% in the second quarter. Advisor Group Inc. now owns 6,895 shares of the transportation company’s stock valued at $150,000 after buying an additional 1,217 shares during the period. Pacad Investment Ltd. bought a new stake in shares of Air Transport Services Group during the second quarter valued at approximately $168,000. First Mercantile Trust Co. acquired a new position in Air Transport Services Group during the second quarter valued at about $169,000. Finally, Envestnet Asset Management Inc. raised its position in Air Transport Services Group by 87.5% in the first quarter. Envestnet Asset Management Inc. now owns 11,136 shares of the transportation company’s stock valued at $180,000 after buying an additional 5,196 shares in the last quarter. 89.14% of the stock is owned by hedge funds and other institutional investors.

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.

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

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