Research analysts at Seaport Global Securities started coverage on shares of Air Transport Services Group Inc. (NASDAQ:ATSG) in a report released on Tuesday. The brokerage set a “buy” rating and a $20.00 price target on the stock. Seaport Global Securities’ target price would indicate a potential upside of 23.46% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. Zacks Investment Research upgraded Air Transport Services Group from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a report on Tuesday, August 23rd. TheStreet upgraded Air Transport Services Group from a “hold” rating to a “buy” rating in a research note on Wednesday, August 17th. Finally, Stifel Nicolaus began coverage on Air Transport Services Group in a research note on Thursday, August 25th. They issued a “hold” rating on the stock. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $18.00.

Shares of Air Transport Services Group (NASDAQ:ATSG) opened at 16.20 on Tuesday. The firm’s 50-day moving average price is $14.94 and its 200 day moving average price is $14.04. Air Transport Services Group has a 12-month low of $8.73 and a 12-month high of $16.95. The stock has a market capitalization of $965.00 million, a P/E ratio of 28.62 and a beta of 1.84.

Air Transport Services Group (NASDAQ:ATSG) last issued its quarterly earnings results on Thursday, November 3rd. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by $0.01. Air Transport Services Group had a net margin of 5.04% and a return on equity of 10.56%. The business had revenue of $193.26 million for the quarter, compared to analysts’ expectations of $183.05 million. During the same quarter in the prior year, the firm posted $0.10 EPS. The business’s quarterly revenue was up 35.8% compared to the same quarter last year. Analysts predict that Air Transport Services Group will post $0.62 EPS for the current fiscal year.

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In other news, Director Jeffrey J. Vorholt sold 8,100 shares of the company’s stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $15.90, for a total transaction of $128,790.00. Following the completion of the sale, the director now owns 28,000 shares in the company, valued at approximately $445,200. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider W Joseph Payne sold 20,000 shares of the company’s stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $16.40, for a total value of $328,000.00. Following the sale, the insider now owns 206,706 shares of the company’s stock, valued at approximately $3,389,978.40. The disclosure for this sale can be found here. 2.20% of the stock is owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Institutional Trust Company N.A. increased its stake in Air Transport Services Group by 0.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,297,740 shares of the company’s stock valued at $19,959,000 after buying an additional 7,748 shares during the period. Renaissance Technologies LLC increased its stake in Air Transport Services Group by 115.7% in the first quarter. Renaissance Technologies LLC now owns 842,200 shares of the company’s stock valued at $12,953,000 after buying an additional 451,700 shares during the period. A.R.T. Advisors LLC bought a new stake in Air Transport Services Group during the first quarter valued at about $622,000. Deroy & Devereaux Private Investment Counsel Inc. bought a new stake in Air Transport Services Group during the second quarter valued at about $1,255,000. Finally, Strs Ohio increased its stake in Air Transport Services Group by 8.3% in the second quarter. Strs Ohio now owns 56,000 shares of the company’s stock valued at $725,000 after buying an additional 4,300 shares during the period. Institutional investors own 87.15% of the company’s stock.

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. Through the Company’s subsidiaries, it offers a range of complementary services to delivery companies, freight forwarders, airlines and government customers.

5 Day Chart for NASDAQ:ATSG

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