Atlas Air Worldwide Holdings (NASDAQ:AAWW) Downgraded by BidaskClub

BidaskClub cut shares of Atlas Air Worldwide Holdings (NASDAQ:AAWW) from a buy rating to a hold rating in a report issued on Monday, July 31st.

Other research analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Atlas Air Worldwide Holdings from a hold rating to a sell rating in a research report on Monday, May 1st. Imperial Capital restated an outperform rating on shares of Atlas Air Worldwide Holdings in a research report on Friday, May 19th. Stifel Nicolaus downgraded shares of Atlas Air Worldwide Holdings from a buy rating to a hold rating and set a $63.00 price target on the stock. in a research report on Thursday, April 27th. They noted that the move was a valuation call. Finally, Cowen and Company restated a hold rating and issued a $60.00 price target 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 issued a buy rating to the stock. Atlas Air Worldwide Holdings has an average rating of Buy and a consensus price target of $68.40.

Atlas Air Worldwide Holdings (NASDAQ AAWW) opened at 60.65 on Monday. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 25.92 and a beta of 1.45. The firm has a 50-day moving average of $58.02 and a 200-day moving average of $54.46. Atlas Air Worldwide Holdings has a 1-year low of $34.22 and a 1-year high of $67.75.

Atlas Air Worldwide Holdings (NASDAQ:AAWW) last posted its quarterly earnings data on Wednesday, August 2nd. The transportation company reported $1.09 EPS for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.24. Atlas Air Worldwide Holdings had a net margin of 2.98% and a return on equity of 8.11%. The firm had revenue of $517.37 million for the quarter, compared to the consensus estimate of $500.44 million. During the same period in the prior year, the firm posted $0.80 EPS. The firm’s revenue was up 16.7% compared to the same quarter last year. On average, analysts expect that Atlas Air Worldwide Holdings will post $4.84 earnings per share for the current year.

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In related news, CEO William J. Flynn sold 5,000 shares of Atlas Air Worldwide Holdings stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $55.10, for a total value of $275,500.00. Following the sale, the chief executive officer now directly owns 211,958 shares in the company, valued at approximately $11,678,885.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last quarter, insiders sold 25,000 shares of company stock worth $1,404,200. 2.50% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its stake in shares of Atlas Air Worldwide Holdings by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,130,850 shares of the transportation company’s stock valued at $111,122,000 after buying an additional 11,726 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Atlas Air Worldwide Holdings by 194.1% in the second quarter. Renaissance Technologies LLC now owns 297,296 shares of the transportation company’s stock valued at $15,504,000 after buying an additional 196,196 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of Atlas Air Worldwide Holdings by 2.6% in the second quarter. Parametric Portfolio Associates LLC now owns 237,267 shares of the transportation company’s stock valued at $12,373,000 after buying an additional 5,908 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of Atlas Air Worldwide Holdings by 5.4% in the second quarter. Nordea Investment Management AB now owns 139,282 shares of the transportation company’s stock valued at $7,264,000 after buying an additional 7,098 shares in the last quarter. Finally, California Public Employees Retirement System increased its stake in shares of Atlas Air Worldwide Holdings by 0.4% in the second quarter. California Public Employees Retirement System now owns 74,400 shares of the transportation company’s stock valued at $3,880,000 after buying an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 96.32% of the company’s stock.

Atlas Air Worldwide Holdings Company Profile

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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