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Stifel Nicolaus Initiates Coverage on Air Transport Services Group(NASDAQ:ATSG). The shares have been rated Hold. The rating by Stifel Nicolaus was issued on Aug 25, 2016. Air Transport Services Group (ATSG) made into the market gainers list on Thursdays trading session with the shares advancing 0.48% or 0.07 points. Due to strong positive momentum, the stock ended at $14.55, which is also near the day’s high of $14.67. The stock began the session at $14.53 and the volume stood at 2,69,008 shares. The 52-week high of the shares is $15.53 and the 52 week low is $8.37. The company has a current market capitalization of $868 M and it has 5,96,58,299 shares in outstanding. Air Transport Services Group(ATSG) last announced its earnings results on Aug 8, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $176.55M. Analysts had an estimated revenue of $181.27M. Earnings per share were $0.13. Analysts had estimated an EPS of $0.12. Several Insider Transactions has been reported to the SEC. On Jun 16, 2015, Dennis A Manibusan (Subsidiary President – ATI) sold 4,671 shares at $10.49 per share price.Also, On May 18, 2015, James H Carey (director) sold 2,513 shares at $10.47 per share price.On May 12, 2015, Jeffrey J Vorholt (director) sold 10,081 shares at $10.15 per share price, according to the Form-4 filing with the securities and exchange commission. Air Transport Services Group Inc. (ATSG) is a holding company. Through its subsidiaries the Company provides aircraft leasing airline operations aircraft maintenance and other support services to the air cargo transportation and package delivery industries. The Company offers a range of services to delivery companies freight forwarders airlines and Government customers. ATSG’s leasing subsidiary Cargo Aircraft Management Inc. which leases cargo aircraft to ATSG’s airlines and to external customers. Airborne Global Solutions Inc. that assists its businesses in marketing plans and provides sales leads to its subsidiaries by identifying customers’ business and operational requirements. Its other business operations including aircraft maintenance and modification services aircraft part sales equipment leasing and maintenance and mail handling for the United States Postal Service. Its principal subsidiaries include ABX Air Inc. and Air Transport International Inc. |
