BidaskClub Lowers Atlas Air Worldwide Holdings (NASDAQ:AAWW) to Hold

BidaskClub lowered shares of Atlas Air Worldwide Holdings (NASDAQ:AAWW) from a buy rating to a hold rating in a research note published on Monday, July 31st.

A number of other research analysts have also weighed in on the company. Cowen and Company restated a hold rating and issued a $60.00 target price on shares of Atlas Air Worldwide Holdings in a report on Tuesday, July 11th. Stifel Nicolaus restated a buy rating on shares of Atlas Air Worldwide Holdings in a report on Friday, June 2nd. Imperial Capital restated an outperform rating on shares of Atlas Air Worldwide Holdings in a report on Friday, May 19th. Finally, Zacks Investment Research upgraded Atlas Air Worldwide Holdings from a sell rating to a hold rating in a report on Monday, July 17th. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating to the company. Atlas Air Worldwide Holdings has a consensus rating of Buy and an average price target of $69.00.

Atlas Air Worldwide Holdings (NASDAQ:AAWW) traded up 2.07% during midday trading on Monday, reaching $61.75. The company’s stock had a trading volume of 215,504 shares. Atlas Air Worldwide Holdings has a 52-week low of $34.23 and a 52-week high of $67.75. The firm has a market cap of $1.56 billion, a P/E ratio of 26.39 and a beta of 1.45. The firm has a 50 day moving average of $59.54 and a 200 day moving average of $54.75.

Atlas Air Worldwide Holdings (NASDAQ:AAWW) last announced its quarterly earnings results on Wednesday, August 2nd. The transportation company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.24. The business had revenue of $517.37 million for 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%. The company’s quarterly revenue was up 16.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.80 earnings per share. Analysts anticipate that Atlas Air Worldwide Holdings will post $4.84 earnings per share for the current fiscal year.

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In other Atlas Air Worldwide Holdings news, Director Duncan J. Mcnabb sold 1,000 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William J. Flynn sold 5,000 shares of the firm’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $58.59, for a total value of $292,950.00. Following the completion of the sale, the chief executive officer now directly owns 196,958 shares of the company’s stock, valued at $11,539,769.22. The disclosure for this sale can be found here. Insiders have sold 26,000 shares of company stock worth $1,464,850 over the last quarter. 2.50% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System increased its stake in Atlas Air Worldwide Holdings by 19.2% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 11,490 shares of the transportation company’s stock worth $599,000 after buying an additional 1,854 shares in the last quarter. Norges Bank bought a new position in shares of Atlas Air Worldwide Holdings during the fourth quarter valued at $1,268,000. Louisiana State Employees Retirement System boosted its position in shares of 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 period. Sanders Morris Harris Inc. bought a new position in shares of Atlas Air Worldwide Holdings during the first quarter valued at $2,619,000. Finally, State of Alaska Department of Revenue boosted its position in shares of 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. 96.41% of the stock is owned by institutional investors and hedge funds.

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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