The COO of Air Transport Services (NASDAQ: ATSG) is Selling Shares

By Carrie Williams

Today, the COO of Air Transport Services (NASDAQ: ATSG), Richard Francis Corrado, sold shares of ATSG for $288.8K.

Following Richard Francis Corrado’s last ATSG Sell transaction on May 16, 2017, the stock climbed by 1.5%. In addition to Richard Francis Corrado, one other ATSG executive reported Sell trades in the last month.

Based on Air Transport Services’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $323 million and quarterly net profit of $95.12 million. In comparison, last year the company earned revenue of $222 million and had a net profit of $1.53 million. The company has a one-year high of $27.67 and a one-year low of $15.34. ATSG’s market cap is $1.45B and the company has a P/E ratio of 640.72.

Based on 4 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $28.5, reflecting a -12.8% downside.

In the last 30 days, insiders have sold $288.8K worth of ATSG shares and purchased $111.6K worth of ATSG shares. The insider sentiment on Air Transport Services has been positive according to 57 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

Richard Francis Corrado’s trades have generated a -10.0% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Air Transport Services Group, Inc. engages in the provision of airline operations, aircraft leases, aircraft maintenance and other support services primarily to the cargo transportation and package delivery industries. It operates through two segments: ACMI Services and CAM .