Air Transport Services Group Inc. (NASDAQ:ATSG) Insider Michael L. Berger Buys 1,000 Shares of Stock

Air Transport Services Group Inc. (NASDAQ:ATSG) insider Michael L. Berger acquired 1,000 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was acquired at an average price of $19.74 per share, with a total value of $19,740.00. Following the acquisition, the insider now owns 26,150 shares in the company, valued at approximately $516,201. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of NASDAQ:ATSG traded up $0.09 during trading on Friday, hitting $20.18. The stock had a trading volume of 4,801 shares, compared to its average volume of 390,384. Air Transport Services Group Inc. has a 12 month low of $17.06 and a 12 month high of $25.82. The company has a market capitalization of $1.21 billion, a PE ratio of 16.11 and a beta of 0.95. The firm’s fifty day moving average is $22.91 and its 200 day moving average is $22.91. The company has a quick ratio of 0.78, a current ratio of 0.92 and a debt-to-equity ratio of 3.89.

Air Transport Services Group (NASDAQ:ATSG) last announced its earnings results on Monday, August 5th. The transportation company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.03. Air Transport Services Group had a return on equity of 21.56% and a net margin of 2.13%. The firm had revenue of $334.60 million during the quarter, compared to analyst estimates of $333.05 million. During the same quarter in the prior year, the company earned $0.28 EPS. The business’s revenue was up 64.3% compared to the same quarter last year. Equities research analysts expect that Air Transport Services Group Inc. will post 1.32 EPS for the current fiscal year.



Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Air Transport Services Group by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 5,119,375 shares of the transportation company’s stock worth $124,912,000 after acquiring an additional 32,729 shares in the last quarter. Waddell & Reed Financial Inc. raised its position in shares of Air Transport Services Group by 8.7% in the 2nd quarter. Waddell & Reed Financial Inc. now owns 1,860,565 shares of the transportation company’s stock worth $45,398,000 after acquiring an additional 148,852 shares in the last quarter. Nuveen Asset Management LLC raised its position in shares of Air Transport Services Group by 2.9% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,530,305 shares of the transportation company’s stock worth $37,340,000 after acquiring an additional 42,413 shares in the last quarter. Private Capital Management LLC raised its position in shares of Air Transport Services Group by 0.6% in the 2nd quarter. Private Capital Management LLC now owns 1,351,641 shares of the transportation company’s stock worth $32,980,000 after acquiring an additional 8,515 shares in the last quarter. Finally, Emerald Advisers LLC raised its position in shares of Air Transport Services Group by 15.1% in the 2nd quarter. Emerald Advisers LLC now owns 989,714 shares of the transportation company’s stock worth $24,149,000 after acquiring an additional 130,078 shares in the last quarter. 90.59% of the stock is owned by hedge funds and other institutional investors.

ATSG has been the subject of several research analyst reports. BidaskClub cut Air Transport Services Group from a “hold” rating to a “sell” rating in a report on Friday, August 9th. Zacks Investment Research cut Air Transport Services Group from a “buy” rating to a “hold” rating in a report on Monday, August 5th. TheStreet cut Air Transport Services Group from a “b-” rating to a “c” rating in a report on Monday, August 5th. Stifel Nicolaus set a $26.00 price objective on Air Transport Services Group and gave the stock a “buy” rating in a report on Thursday, May 16th. Finally, Imperial Capital reiterated an “outperform” rating and issued a $31.00 price objective (up previously from $28.00) on shares of Air Transport Services Group in a report on Thursday, May 9th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. Air Transport Services Group presently has a consensus rating of “Hold” and a consensus price target of $28.80.

Air Transport Services Group Company Profile

Air Transport Services Group, Inc, through its subsidiaries, operates in the airfreight and logistics industry. The company owns and leases cargo aircraft to airlines and other customers. It also provides airline operations to delivery companies, airlines, freight forwarders, and the U.S. Military, as well as operates charter agreements.

Further Reading: Oversold

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

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