Air Transport Services Group (NASDAQ:ATSG) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of Air Transport Services Group (NASDAQ:ATSG) from a buy rating to a strong-buy rating in a research note issued to investors on Thursday, January 25th.

A number of other equities analysts also recently issued reports on ATSG. Cowen set a $27.00 price target on shares of Air Transport Services Group and gave the company a buy rating in a report on Friday, October 13th. Zacks Investment Research upgraded shares of Air Transport Services Group from a sell rating to a hold rating in a report on Monday, October 16th. Stifel Nicolaus reiterated a hold rating and issued a $22.00 price target (up previously from $20.00) on shares of Air Transport Services Group in a report on Tuesday, November 7th. Stephens reiterated an overweight rating and issued a $29.00 price target (up previously from $27.00) on shares of Air Transport Services Group in a report on Tuesday, November 7th. Finally, ValuEngine downgraded shares of Air Transport Services Group from a buy rating to a hold rating in a report on Friday, December 1st. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Air Transport Services Group currently has an average rating of Buy and an average target price of $25.57.

Shares of Air Transport Services Group (ATSG) opened at $25.19 on Thursday. Air Transport Services Group has a 52 week low of $15.34 and a 52 week high of $27.67. The company has a market cap of $1,490.00, a price-to-earnings ratio of -19.99 and a beta of 1.88. The company has a quick ratio of 0.87, a current ratio of 0.97 and a debt-to-equity ratio of 1.62.

In other Air Transport Services Group news, CFO Quint O. Turner sold 4,900 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $23.34, for a total transaction of $114,366.00. Following the completion of the transaction, the chief financial officer now directly owns 242,673 shares in the company, valued at approximately $5,663,987.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Quint O. Turner sold 7,500 shares of the firm’s stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $24.60, for a total transaction of $184,500.00. Following the transaction, the chief financial officer now owns 247,573 shares of the company’s stock, valued at $6,090,295.80. The disclosure for this sale can be found here. Insiders have sold a total of 27,400 shares of company stock valued at $654,006 over the last 90 days. 2.20% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of the business. OppenheimerFunds Inc. increased its holdings in Air Transport Services Group by 3.6% during the 4th quarter. OppenheimerFunds Inc. now owns 667,891 shares of the transportation company’s stock valued at $15,456,000 after acquiring an additional 22,945 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in Air Transport Services Group during the 4th quarter valued at about $1,752,000. Employees Retirement System of Texas increased its holdings in Air Transport Services Group by 13.6% during the 4th quarter. Employees Retirement System of Texas now owns 250,000 shares of the transportation company’s stock valued at $5,785,000 after acquiring an additional 30,000 shares in the last quarter. Royce & Associates LP increased its holdings in Air Transport Services Group by 97.6% during the 4th quarter. Royce & Associates LP now owns 81,000 shares of the transportation company’s stock valued at $1,874,000 after acquiring an additional 40,000 shares in the last quarter. Finally, Penn Capital Management Co. Inc. increased its holdings in Air Transport Services Group by 24.4% during the 4th quarter. Penn Capital Management Co. Inc. now owns 146,621 shares of the transportation company’s stock valued at $3,393,000 after acquiring an additional 28,800 shares in the last quarter. Hedge funds and other institutional investors own 91.70% of the company’s stock.

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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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