Air Transport Services Group (NASDAQ:ATSG) Updates Fiscal 2022 Earnings Guidance
Air Transport Services Group (NASDAQ:ATSG – Get Rating) updated its earnings guidance for fiscal 2022 on Friday. The company provided earnings per share guidance of $2,000 to $2,000 for the period, per compared to Thomson Reuters consensus earnings per share estimate of $1,880. The company released a revenue forecast of -.
Shares of ATSG traded at $1.08 during Friday trading hours, hitting $29.22. 594,704 shares were traded, against an average volume of 305,992. Air Transport Services Group has a fifty-two week low of $21.42 and a fifty-two week high of $31.48. The company has a market capitalization of $2.17 billion, a P/E ratio of 13.15 and a beta of 0.59. The company has a 50-day moving average of $27.71 and a 200-day moving average of $26.87. The company has a debt ratio of 1.16, a current ratio of 1.09 and a quick ratio of 0.92.
Separately, Vice President Deborah A. Loveless sold 3,453 shares of Air Transport Services Group in a trade on Thursday, December 16. The stock was sold at an average price of $28.27, for a total value of $97,616.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Additionally, insider David R. Soaper purchased 40,000 shares in a trade dated Tuesday, November 30. The shares were purchased at an average cost of $24.96 per share, with a total value of $998,400.00. Disclosure of this purchase can be found here. Insiders of the company own 2.00% of the shares of the company.
A number of hedge funds and other institutional investors have recently shifted their ATSG holdings. BlackRock Inc. increased its position in Air Transport Services Group by 1.9% during the fourth quarter. BlackRock Inc. now owns 4,023,611 shares of the transportation company valued at $118,213,000 after buying an additional 75,298 shares in the last quarter. State Street Corp increased its stake in Air Transport Services Group by 12.3% in the fourth quarter. State Street Corp now owns 1,604,292 shares of the transportation company worth $47,134,000 after buying an additional 175,991 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Air Transport Services Group by 14.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 440,019 shares of the transportation company valued at $12,928,000 after acquiring an additional 56,600 shares during the period. Bank of New York Mellon Corp increased its stake in Air Transport Services Group by 3.6% during the third quarter. Bank of New York Mellon Corp now owns 349,539 shares of the transportation company valued at $9,022,000 after buying an additional 11,992 shares last quarter. Finally, DE Shaw & Co. Inc. increased its position in shares of Air Transport Services Group by 52.6% during the 4th quarter. DE Shaw & Co. Inc. now owns 151,365 shares of the transportation company valued at $4,447,000 after acquiring an additional 52,158 shares in the last quarter. 93.67% of the shares are currently held by institutional investors and hedge funds.
About Airline Services Group (Get an evaluation)
Air Transport Services Group, Inc engages in the provision of flight operations, aircraft rentals, aircraft maintenance and other support services primarily to the cargo transportation and package delivery industries. It operates through CAM and ACMI Services segments. The CAM segment includes the company’s aircraft leasing business.
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