Bearish Chart Formation for Air Transport Services Group, Inc. (ATSG) After Forming Ascending Triangle Chart Pattern

January 17, 2018 - By Nellie Frank

Investors sentiment decreased to 1.22 in 2017 Q3. Its down 0.07, from 1.29 in 2017Q2. It turned negative, as 18 investors sold Air Transport Services Group, Inc. shares while 49 reduced holdings. 32 funds opened positions while 50 raised stakes. 52.21 million shares or 4.00% more from 50.20 million shares in 2017Q2 were reported.
Emerald Mutual Fund Advisers holds 0.37% or 360,313 shares. Emerald Advisers Pa owns 0.44% invested in Air Transport Services Group, Inc. (NASDAQ:ATSG) for 443,019 shares. Manufacturers Life Insur Co The, Ontario – Canada-based fund reported 45,224 shares. Moreover, Hodges Mgmt Incorporated has 1.49% invested in Air Transport Services Group, Inc. (NASDAQ:ATSG). 536,715 are held by Driehaus Mngmt Lc. Goldman Sachs Group has 85,426 shares. Fifth Third State Bank owns 19,589 shares. 67,448 are held by Aqr Mngmt Ltd Llc. Globeflex Ltd Partnership accumulated 0.08% or 11,866 shares. Services Automobile Association holds 0.02% or 259,814 shares in its portfolio. Bridgeway Capital Mngmt stated it has 308,450 shares. Swiss National Bank owns 24,550 shares. California State Teachers Retirement System reported 0.01% in Air Transport Services Group, Inc. (NASDAQ:ATSG). Axiom Int Investors Limited Liability Co De holds 0.23% in Air Transport Services Group, Inc. (NASDAQ:ATSG) or 428,692 shares. Los Angeles Capital Mngmt And Equity Research Inc, California-based fund reported 28,270 shares.

Since August 1, 2017, it had 0 insider purchases, and 6 insider sales for $857,726 activity. The insider TURNER QUINT O sold $184,500. Baudouin Richard M. also sold $175,851 worth of Air Transport Services Group, Inc. (NASDAQ:ATSG) shares.

The stock of Air Transport Services Group, Inc. (ATSG) formed an ascending triangle with $23.22 target or 8.00 % below today’s $25.24 share price. The 8 months triangle pattern indicates high risk for the $1.49 billion company. If the $23.22 price target is reached, the company will be worth $119.36M less.
The ascending triangle is a questionable performer despite its reputation as a reliable chart pattern. The ascending triangle has break even failure rate for up and down breakouts of 13% and 11%, respectively. The average rise and decline is 35% and 19%. The throwback or so called pullback rates are: 57% and 49%. The stocks meeting their targets is high for this type of breakout: 75% and 68% percent.

The stock increased 1.69% or $0.42 during the last trading session, reaching $25.24. About 142,904 shares traded. Air Transport Services Group, Inc. (NASDAQ:ATSG) has risen 82.76% since January 17, 2017 and is uptrending. It has outperformed by 66.06% the S&P500.

Analysts await Air Transport Services Group, Inc. (NASDAQ:ATSG) to report earnings on March, 5. They expect $0.27 EPS, up 42.11 % or $0.08 from last year’s $0.19 per share. ATSG’s profit will be $15.96 million for 23.37 P/E if the $0.27 EPS becomes a reality. After $0.22 actual EPS reported by Air Transport Services Group, Inc. for the previous quarter, Wall Street now forecasts 22.73 % EPS growth.

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

Among 6 analysts covering Air Transport Services Group (NASDAQ:ATSG), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Air Transport Services Group had 17 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has “Hold” rating by Stifel Nicolaus given on Thursday, August 3. Cowen & Co maintained the stock with “Outperform” rating in Wednesday, February 10 report. Cowen & Co maintained it with “Buy” rating and $27.0 target in Friday, October 13 report. Cowen & Co maintained the shares of ATSG in report on Monday, September 11 with “Buy” rating. Susquehanna initiated the stock with “Hold” rating in Thursday, August 17 report. As per Monday, September 11, the company rating was maintained by Stifel Nicolaus. Stifel Nicolaus maintained Air Transport Services Group, Inc. (NASDAQ:ATSG) rating on Monday, June 26. Stifel Nicolaus has “Hold” rating and $2000 target. On Tuesday, November 29 the stock rating was initiated by Seaport Global Securities with “Buy”. Cowen & Co maintained it with “Buy” rating and $2700 target in Tuesday, August 8 report. Cowen & Co maintained the shares of ATSG in report on Friday, July 7 with “Buy” rating.

More important recent Air Transport Services Group, Inc. (NASDAQ:ATSG) news were published by: Businesswire.com which released: “Air Transport Services Group, Inc. Announces Pricing of Offering of $225 …” on September 26, 2017, also Seekingalpha.com published article titled: “Air Transport Services Group’s (ATSG) CEO Joe Hete on Q3 2017 Results …”, Fool.com published: “Why Air Transport Services Group Stock Soared 12% in July” on August 03, 2017. More interesting news about Air Transport Services Group, Inc. (NASDAQ:ATSG) was released by: Seekingalpha.com and their article: “Air Transport Services Group Seems To Have Found A New Cruising Altitude” with publication date: July 06, 2017.

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