Air Transport Services Group Inc. (NASDAQ:ATSG) CFO Quint O. Turner sold 9,000 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $23.29, for a total value of $209,610.00. Following the completion of the sale, the chief financial officer now directly owns 233,053 shares of the company’s stock, valued at approximately $5,427,804.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
ATSG opened at $23.43 on Friday. Air Transport Services Group Inc. has a 1 year low of $17.06 and a 1 year high of $25.82. The company has a current ratio of 0.92, a quick ratio of 0.78 and a debt-to-equity ratio of 3.89. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 18.74 and a beta of 0.93. The stock has a fifty day moving average price of $20.79 and a 200 day moving average price of $21.99.
Air Transport Services Group (NASDAQ:ATSG) last issued its quarterly earnings results on Wednesday, November 6th. The transportation company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.04. Air Transport Services Group had a return on equity of 21.56% and a net margin of 2.13%. The firm had revenue of $366.07 million for the quarter, compared to analyst estimates of $344.72 million. During the same period in the previous year, the company posted $0.28 earnings per share. The company’s quarterly revenue was up 78.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Air Transport Services Group Inc. will post 1.3 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the stock. Commerzbank Aktiengesellschaft FI acquired a new stake in Air Transport Services Group during the third quarter valued at approximately $887,000. Emerald Advisers LLC boosted its holdings in Air Transport Services Group by 15.1% during the second quarter. Emerald Advisers LLC now owns 989,714 shares of the transportation company’s stock valued at $24,149,000 after purchasing an additional 130,078 shares in the last quarter. Nuveen Asset Management LLC boosted its holdings in Air Transport Services Group by 2.9% during the second quarter. Nuveen Asset Management LLC now owns 1,530,305 shares of the transportation company’s stock valued at $37,340,000 after purchasing an additional 42,413 shares in the last quarter. Aperio Group LLC acquired a new stake in Air Transport Services Group during the second quarter valued at approximately $134,000. Finally, Bank of Montreal Can boosted its holdings in Air Transport Services Group by 18.9% during the second quarter. Bank of Montreal Can now owns 102,110 shares of the transportation company’s stock valued at $2,491,000 after purchasing an additional 16,230 shares in the last quarter. Hedge funds and other institutional investors own 87.14% of the company’s stock.
About Air Transport Services Group
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.
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