Atlas Air Worldwide Holdings (AAWW) Shares Bought by Cubic Asset Management LLC

Cubic Asset Management LLC boosted its stake in shares of Atlas Air Worldwide Holdings (NASDAQ:AAWW) by 3.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 32,560 shares of the transportation company’s stock after acquiring an additional 1,100 shares during the quarter. Cubic Asset Management LLC owned approximately 0.13% of Atlas Air Worldwide Holdings worth $2,142,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of AAWW. Municipal Employees Retirement System of Michigan grew its holdings in Atlas Air Worldwide Holdings by 1.2% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 5,710 shares of the transportation company’s stock worth $317,000 after acquiring an additional 70 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Atlas Air Worldwide Holdings by 4.1% in the 1st quarter. Principal Financial Group Inc. now owns 190,985 shares of the transportation company’s stock valued at $10,590,000 after purchasing an additional 7,573 shares during the last quarter. California Public Employees Retirement System boosted its stake in shares of Atlas Air Worldwide Holdings by 3.6% in the 1st quarter. California Public Employees Retirement System now owns 74,100 shares of the transportation company’s stock valued at $4,109,000 after purchasing an additional 2,600 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Atlas Air Worldwide Holdings by 0.6% in the 1st quarter. Legal & General Group Plc now owns 41,393 shares of the transportation company’s stock valued at $2,295,000 after purchasing an additional 251 shares during the last quarter. Finally, Thrivent Financial For Lutherans boosted its stake in shares of Atlas Air Worldwide Holdings by 5.3% in the 1st quarter. Thrivent Financial For Lutherans now owns 14,270 shares of the transportation company’s stock valued at $791,000 after purchasing an additional 720 shares during the last quarter. 96.44% of the stock is currently owned by hedge funds and other institutional investors.

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AAWW has been the topic of several recent research reports. Zacks Investment Research raised shares of Atlas Air Worldwide Holdings from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a research note on Monday, August 7th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $69.00 target price on shares of Atlas Air Worldwide Holdings in a research note on Tuesday, September 12th. Cowen and Company reaffirmed a “hold” rating on shares of Atlas Air Worldwide Holdings in a research note on Thursday, October 12th. Finally, BidaskClub lowered shares of Atlas Air Worldwide Holdings from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $70.00.

Shares of Atlas Air Worldwide Holdings (NASDAQ AAWW) traded down 1.69% on Monday, hitting $61.20. 76,975 shares of the stock traded hands. Atlas Air Worldwide Holdings has a 1-year low of $40.25 and a 1-year high of $68.70. The stock has a 50 day moving average of $65.51 and a 200-day moving average of $58.78. The stock has a market cap of $1.55 billion, a PE ratio of 26.15 and a beta of 1.40.

Atlas Air Worldwide Holdings (NASDAQ:AAWW) last announced its earnings results on Wednesday, August 2nd. The transportation company reported $1.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.24. Atlas Air Worldwide Holdings had a return on equity of 8.11% and a net margin of 2.98%. The business had revenue of $517.37 million for the quarter, compared to analysts’ expectations of $500.44 million. During the same period in the prior year, the business posted $0.80 earnings per share. The firm’s revenue was up 16.7% on a year-over-year basis. On average, equities research analysts expect that Atlas Air Worldwide Holdings will post $4.83 EPS for the current year.

In related news, CEO William J. Flynn sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $63.64, for a total value of $318,200.00. Following the sale, the chief executive officer now directly owns 176,958 shares in the company, valued at $11,261,607.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Duncan J. Mcnabb sold 1,000 shares of the company’s stock in a transaction that occurred 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 owns 12,969 shares in the company, valued at $786,569.85. The disclosure for this sale can be found here. Insiders sold 36,000 shares of company stock worth $2,353,750 over the last quarter. 2.50% of the stock is currently owned by company insiders.

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).

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

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