Hanson & Doremus Investment Management Has $453,000 Position in Atlas Air Worldwide Holdings (NASDAQ:AAWW)

Hanson & Doremus Investment Management continued to hold its position in shares of Atlas Air Worldwide Holdings (NASDAQ:AAWW) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 8,680 shares of the transportation company’s stock at the end of the second quarter. Hanson & Doremus Investment Management’s holdings in Atlas Air Worldwide Holdings were worth $453,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Municipal Employees Retirement System of Michigan raised its position in Atlas Air Worldwide Holdings by 1.2% in the first quarter. Municipal Employees Retirement System of Michigan now owns 5,710 shares of the transportation company’s stock valued at $317,000 after buying an additional 70 shares during the last quarter. 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 last quarter. Capstone Asset Management Co. raised its position in Atlas Air Worldwide Holdings by 0.9% in the second quarter. Capstone Asset Management Co. now owns 8,990 shares of the transportation company’s stock valued at $469,000 after buying an additional 80 shares during the last quarter. Louisiana State Employees Retirement System raised its position in Atlas Air Worldwide Holdings by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 10,200 shares of the transportation company’s stock valued at $566,000 after buying an additional 100 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in Atlas Air Worldwide Holdings by 0.3% in the first quarter. SG Americas Securities LLC now owns 39,741 shares of the transportation company’s stock valued at $2,204,000 after buying an additional 114 shares during the last quarter. 96.41% of the stock is currently owned by institutional investors.

Shares of Atlas Air Worldwide Holdings (NASDAQ AAWW) opened at 61.75 on Friday. The stock has a 50 day moving average of $59.54 and a 200-day moving average of $54.75. Atlas Air Worldwide Holdings has a 12-month low of $34.23 and a 12-month high of $67.75. The firm has a market capitalization of $1.56 billion, a P/E ratio of 26.39 and a beta of 1.45.

Atlas Air Worldwide Holdings (NASDAQ:AAWW) last released its quarterly earnings results on Wednesday, August 2nd. The transportation company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.24. The business had revenue of $517.37 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 16.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.80 EPS. On average, equities research analysts predict that Atlas Air Worldwide Holdings will post $4.84 EPS for the current fiscal year.

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Several research analysts recently weighed in on AAWW shares. Zacks Investment Research lowered shares of Atlas Air Worldwide Holdings from a “hold” rating to a “sell” rating in a research note on Monday, May 1st. Imperial Capital raised their target price on shares of Atlas Air Worldwide Holdings from $60.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, May 4th. Stifel Nicolaus downgraded shares of Atlas Air Worldwide Holdings from a “buy” rating to a “hold” rating and set a $63.00 target price on the stock. in a report on Thursday, April 27th. They noted that the move was a valuation call. BidaskClub upgraded shares of Atlas Air Worldwide Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Finally, Cowen and Company restated a “hold” rating and set a $60.00 target price on shares of Atlas Air Worldwide Holdings in a report on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $69.00.

In related news, CEO William J. Flynn sold 5,000 shares of the stock in a transaction on 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 sale, 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 legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Duncan J. Mcnabb sold 1,000 shares of the stock in a transaction on Friday, August 11th. The shares were sold at an average price of $60.65, for a total value of $60,650.00. Following the completion of the sale, the director now directly owns 12,969 shares of the company’s stock, valued at $786,569.85. The disclosure for this sale can be found here. Insiders sold a total of 26,000 shares of company stock valued at $1,464,850 over the last three months. 2.50% of the stock is currently owned by insiders.

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).

Institutional Ownership by Quarter for Atlas Air Worldwide Holdings (NASDAQ:AAWW)

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