Today’s Price Action: Air Transport Services Group Inc. Has Another Very Strong Trading Session

Today's Price Action: Air Transport Services Group Inc. Has Another Very Strong Trading Session

The stock of Air Transport Services Group Inc. (NASDAQ:ATSG) is a huge mover today! About 308,509 shares traded hands or 58.71% up from the average. Air Transport Services Group Inc. (NASDAQ:ATSG) has declined 13.65% since April 4, 2016 and is downtrending. It has underperformed by 14.74% the S&P500.
The move comes after 7 months positive chart setup for the $875.78 million company. It was reported on Nov, 4 by Barchart.com. We have $20.85 PT which if reached, will make NASDAQ:ATSG worth $367.83M more.

Air Transport Services Group Inc. (NASDAQ:ATSG) Ratings Coverage

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. Air Transport Services Group has been the topic of 4 analyst reports since August 7, 2015 according to StockzIntelligence Inc. Imperial Capital maintained Air Transport Services Group Inc. (NASDAQ:ATSG) on Sunday, August 9 with “Outperform” rating. The firm has “Outperform” rating by Cowen & Co given on Wednesday, February 10. The stock of Air Transport Services Group Inc. (NASDAQ:ATSG) earned “Hold” rating by Stifel Nicolaus on Friday, August 26.

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.”

Insitutional Activity: The institutional sentiment decreased to 0.97 in 2016 Q2. Its down 0.63, from 1.6 in 2016Q1. The ratio turned 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.
Moreover, Swiss Bank & Trust has 0% invested in Air Transport Services Group Inc. (NASDAQ:ATSG) for 31,550 shares. Blackrock Limited Company has invested 0% of its portfolio in Air Transport Services Group Inc. (NASDAQ:ATSG). 1492 Management Ltd Liability Corp accumulated 181,514 shares or 2.11% of the stock. Gsa Llp accumulated 70,430 shares or 0.05% of the stock. Nationwide Fund holds 0.01% or 98,032 shares in its portfolio. Moreover, Spot Trading has 0% invested in Air Transport Services Group Inc. (NASDAQ:ATSG) for 4,720 shares. Voya Inv Management Limited last reported 32,822 shares in the company. Panagora Asset Mngmt accumulated 62,759 shares or 0% of the stock. New York State Common Retirement Fund accumulated 50,800 shares or 0% of the stock. The New York-based Ack Asset Mgmt has invested 1.66% in Air Transport Services Group Inc. (NASDAQ:ATSG). Walleye Trading Limited Liability Company owns 2,800 shares or 0% of their US portfolio. Morgan Stanley holds 0% or 75,519 shares in its portfolio. Red Mountain Cap Prns Limited has 11.15M shares for 39.34% of their US portfolio. Engineers Gate Manager Ltd Partnership accumulated 0.01% or 10,283 shares. Deutsche Retail Bank Ag owns 146,421 shares or 0% of their US portfolio.

Insider Transactions: Since August 26, 2016, the stock had 0 buys, and 1 insider sale for $44,160 net activity. Another trade for 3,000 shares valued at $44,160 was made by Templeton Brady Thomas on Friday, August 26.

More news for Air Transport Services Group Inc. (NASDAQ:ATSG) were recently published by: Marketwatch.com, which released: “Amazon reaches air cargo to serve customers across the US” on March 09, 2016. Businesswire.com‘s article titled: “ATSG Statement on NMB Filing” and published on October 27, 2016 is yet another important article.

ATSG Company Profile

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.

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