The stock of Air Transport Services Group Inc. (NASDAQ:ATSG) reached all time high today, Nov, 7 and still has $22.46 target or 44.00% above today’s $15.60 share price. This indicates more upside for the $930.67M company. This technical setup was reported by Barchart.com. If the $22.46 PT is reached, the company will be worth $409.49M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 330,823 shares traded hands or 58.18% up from the average. Air Transport Services Group Inc. (NASDAQ:ATSG) has declined 2.15% since April 5, 2016 and is downtrending. It has underperformed by 4.11% the S&P500.
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. Stifel Nicolaus initiated Air Transport Services Group Inc. (NASDAQ:ATSG) on Friday, August 26 with “Hold” rating. The stock has “Outperform” rating given by Imperial Capital on Sunday, August 9. Cowen & Co maintained Air Transport Services Group Inc. (NASDAQ:ATSG) on Wednesday, February 10 with “Outperform” rating.
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 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.
Deroy And Devereaux Private Counsel Incorporated, a Michigan-based fund reported 96,850 shares. Carroll Assocs Inc accumulated 180 shares or 0% of the stock. The New Jersey-based Prudential Fincl has invested 0% in Air Transport Services Group Inc. (NASDAQ:ATSG). Goldman Sachs Grp holds 0% or 16,089 shares in its portfolio. Prescott Group Inc Management Lc last reported 12.85% of its portfolio in the stock. Moreover, Teacher Retirement Of Texas has 0% invested in Air Transport Services Group Inc. (NASDAQ:ATSG) for 2,241 shares. Rhumbline Advisers holds 0% or 69,086 shares in its portfolio. Alliancebernstein L P holds 1.41M shares or 0.02% of its portfolio. Dimensional Fund Advsrs Limited Partnership owns 5.03M shares or 0.04% of their US portfolio. New York State Common Retirement Fund owns 50,800 shares or 0% of their US portfolio. Retail Bank Of America De has 21,066 shares for 0% of their US portfolio. Moreover, California State Teachers Retirement Systems has 0% invested in Air Transport Services Group Inc. (NASDAQ:ATSG) for 108,779 shares. Sei Invests accumulated 0% or 33,635 shares. State Bank Of Montreal Can holds 0% or 180 shares in its portfolio. Palisade Cap Limited Nj owns 123,000 shares or 0.06% of their US portfolio.
Insider Transactions: Since August 26, 2016, the stock had 0 insider purchases, and 1 insider sale for $44,160 net activity. On Friday, August 26 the insider Templeton Brady Thomas sold $44,160.
Another recent and important Air Transport Services Group Inc. (NASDAQ:ATSG) news was published by Marketwatch.com which published an article titled: “Amazon reaches air cargo to serve customers across the US” on March 09, 2016.
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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