Air Transport Services Group Inc (NASDAQ: ATSG) is 25.21% higher on its value in year-to-date trading and has touched a low of $11.62 and a high of $22.10 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ATSG stock was last observed hovering at around $22.02 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $22.05, the stock is 26.94% and 36.00% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.96 million and changing 0.14% at the moment leaves the stock 52.04% off its SMA200. ATSG registered 8.89% gain for a year compared to 6-month gain of 51.13%. The firm has a 50-day simple moving average (SMA 50) of $16.1004 and a 200-day simple moving average (SMA200) of $14.4751.
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The stock witnessed a 47.20% loss in the last 1 month and extending the period to 3 months gives it a 66.29%, and is 27.53% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.61% over the week and 2.94% over the month.
Air Transport Services Group Inc (ATSG) has around 5095 employees, a market worth around $1.45B and $2.01B in sales. Current P/E ratio is 86.71 and Fwd P/E is 20.38. Profit margin for the company is 0.90%. Distance from 52-week low is 89.76% and -0.23% from its 52-week high. The company has generated returns on investments over the last 12 months (0.59%).
The EPS is expected to shrink by -43.15% this year
221.0 institutions hold shares in Air Transport Services Group Inc (ATSG), with institutional investors hold 104.02% of the company’s shares. The shares outstanding are 65.24M, and float is at 51.13M with Short Float at 5.59%. Institutions hold 80.97% of the Float.
The top institutional shareholder in the company is AMAZON COM INC with over 12.74 million shares valued at $176.72 million. The investor’s holdings represent 19.6104 of the ATSG Shares outstanding. As of 2024-06-30, the second largest holder is RIVER ROAD ASSET MANAGEMENT, LLC with 6.97 million shares valued at $96.65 million to account for 10.7252 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 5.93 million shares representing 9.1271 and valued at over $82.25 million, while BLACKROCK INC. holds 6.0122 of the shares totaling 3.91 million with a market value of $54.18 million.
Air Transport Services Group Inc (ATSG) Insider Activity
The most recent transaction is an insider purchase by Berger Michael L, the company’s Chief Executive Officer. SEC filings show that Berger Michael L bought 3,996 shares of the company’s common stock on Jun 07 ’24 at a price of $12.47 per share for a total of $49830.0. Following the purchase, the insider now owns 0.1 million shares.
Air Transport Services Group Inc disclosed in a document filed with the SEC on Jun 07 ’24 that HETE JOSEPH C (Executive Chairman) bought a total of 5,000 shares of the company’s common stock. The trade occurred on Jun 07 ’24 and was made at $12.81 per share for $64058.0. Following the transaction, the insider now directly holds 0.59 million shares of the ATSG stock.
Still, SEC filings show that on Nov 09 ’23, Johns Raymond E Jr (Director) acquired 1,705 shares at an average price of $14.47 for $24678.0. The insider now directly holds 25,048 shares of Air Transport Services Group Inc (ATSG).
