November 29, 2016 - By Vivian Park
Research professionals at Seaport Global Securities gave “Buy” rating on Air Transport Services Group (ATSG). The firm has initiated coverage in analysts note revealed to clients on Tuesday, 29 November. Seaport Global Securities’s target means upside of 25.23% from the company’s last price.
About 35,137 shares traded hands. Air Transport Services Group Inc. (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 $13.25M for 17.88 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 2016 Q2. Its down 0.09, from 0.97 in 2016Q1. The ratio is negative, 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.
Blackrock Grp Inc Inc holds 0% of its portfolio in Air Transport Services Group Inc. (NASDAQ:ATSG) for 4,350 shares. Kennedy Management holds 0.05% of its portfolio in Air Transport Services Group Inc. (NASDAQ:ATSG) for 202,039 shares. Victory Cap Mngmt Incorporated last reported 5,964 shares in the company. Paradigm Capital Ny holds 90,000 shares or 0.14% of its portfolio. Sei Invs accumulated 33,635 shares or 0% of the stock. Moreover, California Employees Retirement Sys has 0.01% invested in Air Transport Services Group Inc. (NASDAQ:ATSG) for 247,300 shares. Ipg Investment Ltd Co accumulated 0.01% or 1.11M shares. Teachers Advisors Inc last reported 0.03% of its portfolio in the stock. Dimensional Fund Advsrs Limited Partnership holds 5.03 million shares or 0.04% of its portfolio. Swiss State Bank, a Switzerland-based fund reported 31,550 shares. Strs Ohio owns 56,000 shares or 0% of their US portfolio. Ridgeworth Mngmt holds 0% or 38,703 shares in its portfolio. Amp Investors reported 11,900 shares or 0% of all its holdings. Monarch Prns Asset Lc accumulated 141,280 shares or 0.18% of the stock. Boston Prtn has invested 0.01% of its portfolio in Air Transport Services Group Inc. (NASDAQ:ATSG).
Insider Transactions: Since August 26, 2016, the stock had 0 buys, and 6 insider sales for $1.99 million net activity. TURNER QUINT O also sold $483,422 worth of Air Transport Services Group Inc. (NASDAQ:ATSG) shares. $196,754 worth of Air Transport Services Group Inc. (NASDAQ:ATSG) was sold by Starkovich John Matthew on Friday, November 18. On Thursday, November 10 VORHOLT JEFFREY J sold $128,787 worth of the stock or 8,100 shares. On Monday, November 14 PAYNE W JOSEPH sold $328,046 worth of the stock or 20,000 shares. On Friday, November 11 HETE JOSEPH C sold $812,000 worth of the stock or 50,000 shares. 3,000 shares were sold by Templeton Brady Thomas, worth $44,160 on Friday, August 26.
Air Transport Services Group, Inc. is a holding company. The company has a market cap of $947.85 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 30.11 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 Vivian Park