The stock of Air Transport Services Group Inc. (NASDAQ:ATSG) reached all time high today, Nov, 21 and still has $22.68 target or 36.00% above today’s $16.68 share price. This indicates more upside for the $999.07M company. This technical setup was reported by Barchart.com. If the $22.68 PT is reached, the company will be worth $359.67M 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. The stock increased 1.40% or $0.23 during the last trading session, hitting $16.68. About 186,471 shares traded hands. Air Transport Services Group Inc. (NASDAQ:ATSG) has risen 11.53% since April 19, 2016 and is uptrending. It has outperformed by 7.67% 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. Imperial Capital maintained Air Transport Services Group Inc. (NASDAQ:ATSG) on Sunday, August 9 with “Outperform” rating. The rating was initiated by Stifel Nicolaus on Friday, August 26 with “Hold”. On Wednesday, February 10 the stock rating was maintained by Cowen & Co with “Outperform”.
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 0.88 in 2016 Q2. Its down 0.09, from 0.97 in 2016Q1. The ratio fall, 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.
Hennessy accumulated 0.15% or 388,200 shares. Amp holds 0% or 11,900 shares in its portfolio. Moreover, Renaissance Tech Ltd Liability Corp has 0.02% invested in Air Transport Services Group Inc. (NASDAQ:ATSG) for 669,900 shares. Sei Invs last reported 33,635 shares in the company. Ack Asset Lc accumulated 431,500 shares or 1.66% of the stock. Prudential Fincl last reported 182,916 shares in the company. Moreover, Gsa Prtn Llp has 0.05% invested in Air Transport Services Group Inc. (NASDAQ:ATSG) for 70,430 shares. Bancorp Of New York Mellon holds 0% or 290,320 shares in its portfolio. Invesco Ltd last reported 0% of its portfolio in the stock. Blackrock last reported 0% of its portfolio in the stock. The Switzerland-based Swiss Fincl Bank has invested 0% in Air Transport Services Group Inc. (NASDAQ:ATSG). Thompson Siegel And Walmsley Ltd Liability Co has invested 0.08% of its portfolio in Air Transport Services Group Inc. (NASDAQ:ATSG). Moreover, Aqr Management Ltd Liability Corp has 0% invested in Air Transport Services Group Inc. (NASDAQ:ATSG) for 133,924 shares. The New York-based Teachers Advsr has invested 0.03% in Air Transport Services Group Inc. (NASDAQ:ATSG). Victory Mgmt accumulated 0% or 5,964 shares.
Insider Transactions: Since August 26, 2016, the stock had 0 insider buys, and 5 selling transactions for $1.80 million net activity. HETE JOSEPH C had sold 50,000 shares worth $812,000. $483,422 worth of Air Transport Services Group Inc. (NASDAQ:ATSG) shares were sold by TURNER QUINT O. On Friday, August 26 the insider Templeton Brady Thomas sold $44,160. Another trade for 8,100 shares valued at $128,787 was made by VORHOLT JEFFREY J on Thursday, November 10. 20,000 shares were sold by PAYNE W JOSEPH, worth $328,046.
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 Fortune.com published article titled: “Amazon Steps Up Its Air Delivery Game”, Seekingalpha.com published: “Air Transport Services Group’s (ATSG) CEO Joe Hete on Q2 2016 Results …” on August 09, 2016. More interesting news about Air Transport Services Group Inc. (NASDAQ:ATSG) was released by: Seekingalpha.com and their article: “Air Transport Services Group: Exposure To Amazon’s Long-Term Growth For A P/E …” with publication date: August 05, 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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