Zacks Investment Research upgraded shares of Atlas Air Worldwide Holdings (NASDAQ:AAWW) from a sell rating to a hold rating in a research note published on Monday, July 17th.
According to Zacks, “Atlas Air Worldwide Holdings, Inc. is the parent company of Atlas Air and Polar Air Cargo, which together operate the world’s largest fleet of Boeing freighter aircraft. AAWW is principally involved in the airport-to-airport air transportation of heavy freight cargo through its two operating subsidiary airlines, Atlas Air, Inc. and Polar Air Cargo, IncAAWW, through its principal subsidiaries Atlas and Polar, offers scheduled air cargo service, cargo charters, military charters, and ACMI aircraft leasing in which customers receive a dedicated aircraft, crew, maintenance and insurance on a long-term lease basis. “
AAWW has been the subject of several other reports. Stifel Nicolaus lowered Atlas Air Worldwide Holdings from a buy rating to a hold rating and set a $63.00 target price for the company. in a research report on Thursday, April 27th. They noted that the move was a valuation call. Imperial Capital reaffirmed an outperform rating on shares of Atlas Air Worldwide Holdings in a research report on Friday, May 19th. Seaport Global Securities started coverage on Atlas Air Worldwide Holdings in a research report on Thursday, March 30th. They set a buy rating and a $65.00 target price for the company. BidaskClub raised Atlas Air Worldwide Holdings from a hold rating to a buy rating in a research report on Wednesday, July 12th. Finally, Cowen and Company reaffirmed a hold rating and set a $60.00 target price on shares of Atlas Air Worldwide Holdings in a research report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $68.40.
Atlas Air Worldwide Holdings (NASDAQ AAWW) traded down 1.54% during midday trading on Monday, reaching $60.65. The company had a trading volume of 357,572 shares. The company has a market capitalization of $1.53 billion, a PE ratio of 25.92 and a beta of 1.45. Atlas Air Worldwide Holdings has a 12-month low of $34.22 and a 12-month high of $67.75. The stock has a 50-day moving average price of $58.02 and a 200 day moving average price of $54.46.
Atlas Air Worldwide Holdings (NASDAQ:AAWW) last released its quarterly earnings data on Wednesday, August 2nd. The transportation company reported $1.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.24. The company had revenue of $517.37 million for the quarter, compared to the consensus estimate of $500.44 million. Atlas Air Worldwide Holdings had a return on equity of 8.11% and a net margin of 2.98%. Atlas Air Worldwide Holdings’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same quarter last year, the business posted $0.80 EPS. Equities analysts forecast that Atlas Air Worldwide Holdings will post $4.84 EPS for the current year.
In other news, CEO William J. Flynn sold 5,000 shares of Atlas Air Worldwide Holdings stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $55.10, for a total value of $275,500.00. Following the completion of the transaction, the chief executive officer now directly owns 211,958 shares of the company’s stock, valued at approximately $11,678,885.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last three months, insiders sold 25,000 shares of company stock valued at $1,404,200. Corporate insiders own 2.50% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of AAWW. Ameritas Investment Partners Inc. acquired a new position in Atlas Air Worldwide Holdings during the first quarter valued at $107,000. State of Alaska Department of Revenue raised its position in Atlas Air Worldwide Holdings by 3.0% in the first quarter. State of Alaska Department of Revenue now owns 2,770 shares of the transportation company’s stock valued at $153,000 after buying an additional 80 shares during the period. UBS Asset Management Americas Inc. acquired a new position in Atlas Air Worldwide Holdings during the second quarter valued at $201,000. A.R.T. Advisors LLC acquired a new position in Atlas Air Worldwide Holdings during the fourth quarter valued at $203,000. Finally, KCG Holdings Inc. raised its position in Atlas Air Worldwide Holdings by 20.5% in the first quarter. KCG Holdings Inc. now owns 4,998 shares of the transportation company’s stock valued at $277,000 after buying an additional 849 shares during the period. 96.32% of the stock is owned by hedge funds and other institutional investors.
About Atlas Air Worldwide Holdings
Atlas Air Worldwide Holdings, Inc is a holding company. The Company provides outsourced aircraft and aviation operating services throughout the world, serving Africa, Asia, Australia, Europe, the Middle East, North America and South America through contractual service arrangements, including those through which it provides aircraft to customers and value-added services, including crew, maintenance and insurance (ACMI), as well as those through which it provides crew, maintenance and insurance, but not the aircraft (CMI); cargo and passenger charter services (Charter), and dry leasing aircraft and engines (Dry Leasing).
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