November 29, 2016 - By Clifton Ray
Seaport Global Securities has started its coverage on Air Transport Services Group (NASDAQ:ATSG), today 29 November. The financial firm finds the stock of ATSG attractive and has price target of $20 with “Buy” rating.
Out of 2 analysts covering Air Transport Services Group (NASDAQ:ATSG), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. $14 is the highest target while $12 is the lowest. The $13 average target is -20.29% below today’s ($16.31) stock price. Air Transport Services Group has been the topic of 4 analyst reports since August 7, 2015 according to StockzIntelligence Inc. Cowen & Co maintained the stock with “Outperform” rating in Wednesday, February 10 report. The stock of Air Transport Services Group Inc. (NASDAQ:ATSG) has “Outperform” rating given on Sunday, August 9 by Imperial Capital. The firm earned “Hold” rating on Friday, August 26 by Stifel Nicolaus.
About 108 shares traded hands. Air Transport Services Group Inc. (NASDAQ:ATSG) has risen 11.83% since April 26, 2016 and is uptrending. It has outperformed by 6.57% the S&P500.
Analysts await Air Transport Services Group Inc. (NASDAQ:ATSG) to report earnings on March, 14. They expect $0.23 earnings per share, up 9.52% or $0.02 from last year’s $0.21 per share. ATSG’s profit will be $13.25 million for 17.73 P/E if the $0.23 EPS becomes a reality. After $0.14 actual earnings per share reported by Air Transport Services Group Inc. for the previous quarter, Wall Street now forecasts 64.29% EPS growth.
Insitutional Activity: The institutional sentiment decreased to 0.88 in Q2 2016. Its down 0.09, from 0.97 in 2016Q1. The ratio worsened, as 22 funds sold all Air Transport Services Group Inc. shares owned while 41 reduced positions. 22 funds bought stakes while 39 increased positions. They now own 52.58 million shares or 4.28% less from 54.93 million shares in 2016Q1.
Private Mgmt Ltd Liability Corp holds 1.22 million shares or 2.32% of its portfolio. Capstone Invest Advsrs Limited last reported 38,142 shares in the company. Morgan Stanley holds 0% of its portfolio in Air Transport Services Group Inc. (NASDAQ:ATSG) for 75,519 shares. Earnest Prns Ltd Limited Liability Company last reported 0% of its portfolio in the stock. Envestnet Asset Mngmt accumulated 1,136 shares or 0% of the stock. Voya Inv Mngmt Ltd Llc last reported 32,822 shares in the company. Vanguard Grp Incorporated holds 3.66M shares or 0% of its portfolio. Susquehanna Intll Grp Limited Liability Partnership last reported 0% of its portfolio in the stock. Moreover, Renaissance Technology Ltd Com has 0.02% invested in Air Transport Services Group Inc. (NASDAQ:ATSG) for 669,900 shares. The New York-based Teachers Advsrs has invested 0.03% in Air Transport Services Group Inc. (NASDAQ:ATSG). Monarch Prtn Asset Mgmt Ltd Liability Com, a Massachusetts-based fund reported 141,280 shares. Aqr Mgmt Ltd, a Connecticut-based fund reported 133,924 shares. Gsa Cap Prtnrs Ltd Liability Partnership has 0.05% invested in the company for 70,430 shares. The New Jersey-based Palisade Cap Mngmt Ltd Company Nj has invested 0.06% in Air Transport Services Group Inc. (NASDAQ:ATSG). Prescott Grp Cap Management Ltd Llc last reported 4.12 million shares in the company.
Insider Transactions: Since August 26, 2016, the stock had 0 buys, and 6 insider sales for $1.99 million net activity. HETE JOSEPH C sold $812,000 worth of stock or 50,000 shares. Another trade for 20,000 shares valued at $328,046 was sold by PAYNE W JOSEPH. Shares for $128,787 were sold by VORHOLT JEFFREY J on Thursday, November 10. Templeton Brady Thomas sold $44,160 worth of stock. Starkovich John Matthew sold $196,754 worth of stock or 12,000 shares. 30,000 Air Transport Services Group Inc. (NASDAQ:ATSG) shares with value of $483,422 were sold by TURNER QUINT O.
Air Transport Services Group, Inc. is a holding company. The company has a market cap of $939.78 million. The Firm provides airline operations, aircraft leases, aircraft maintenance and other support services primarily to the cargo transportation and package delivery industries. It has a 29.85 P/E ratio. Through the Company’s subsidiaries, it offers a range of complementary services to delivery companies, freight forwarders, airlines and government customers.
According to Zacks Investment Research, “AIR TRANSPORT SERVICES GROUP, INC. is a leading provider of air cargo transportation and related services to domestic and foreign air carriers and other companies that outsource their air cargo lift requirements. Through five principal subsidiaries, including three airlines with separate and distinct U.S. FAA Part 121 Air Carrier Certificates, ATSG also provides aircraft leasing, aircraft maintenance services, airport ground services, fuel management, specialized transportation management, and air charter brokerage services. ATSG subsidiaries include ABX Air, Inc., Air Transport International, LLC, Cargo Aircraft Management, Inc., Capital Cargo International Airlines, Inc., and LGSTX Services, Inc.”
Air Transport Services Group, Inc. (ATSG), incorporated on October 5, 2007, is a holding company. The Firm 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. ATSG’s leasing subsidiary, Cargo Aircraft Management, Inc. (CAM) leases cargo aircraft to ATSG’s airlines, as well as to non-affiliated airlines and other lessees. Airborne Global Solutions, Inc. (AGS) is its subsidiary that assists the Company’s businesses in marketing plans and provides sales leads to its subsidiaries by identifying customers’ business and operational requirements. The Company’s other business include aircraft maintenance and modification services, aircraft part sales and brokerage, equipment leasing and maintenance, and mail and package sorting, and flight support.
More important recent Air Transport Services Group Inc. (NASDAQ:ATSG) news were published by: Marketwatch.com which released: “Amazon reaches air cargo to serve customers across the US” on March 09, 2016, also Businesswire.com published article titled: “Court Ruling Ends ABX Air Work Stoppage”, Businesswire.com published: “ABX Air Taking Steps to End Work Stoppage” on November 22, 2016. More interesting news about Air Transport Services Group Inc. (NASDAQ:ATSG) was released by: Fortune.com and their article: “Amazon Steps Up Its Air Delivery Game” with publication date: March 19, 2016.
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By Clifton Ray