Heartland Advisors Inc. Sells 125,000 Shares of Atlas Air Worldwide Holdings (AAWW)

Heartland Advisors Inc. reduced its position in shares of Atlas Air Worldwide Holdings (NASDAQ:AAWW) by 62.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 75,000 shares of the transportation company’s stock after selling 125,000 shares during the quarter. Heartland Advisors Inc. owned about 0.30% of Atlas Air Worldwide Holdings worth $4,935,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Municipal Employees Retirement System of Michigan raised 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 purchasing an additional 70 shares during the last quarter. Capstone Asset Management Co. raised its holdings in Atlas Air Worldwide Holdings by 0.9% during the 2nd quarter. Capstone Asset Management Co. now owns 8,990 shares of the transportation company’s stock worth $469,000 after purchasing an additional 80 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in Atlas Air Worldwide Holdings by 1.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 10,300 shares of the transportation company’s stock worth $537,000 after purchasing an additional 100 shares during the last quarter. Arizona State Retirement System raised its holdings in Atlas Air Worldwide Holdings by 0.8% during the 2nd quarter. Arizona State Retirement System now owns 13,223 shares of the transportation company’s stock worth $690,000 after purchasing an additional 100 shares during the last quarter. Finally, US Bancorp DE raised its holdings in Atlas Air Worldwide Holdings by 3.7% during the 2nd quarter. US Bancorp DE now owns 5,548 shares of the transportation company’s stock worth $289,000 after purchasing an additional 197 shares during the last quarter. 96.44% of the stock is owned by hedge funds and other institutional investors.

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Atlas Air Worldwide Holdings (NASDAQ:AAWW) opened at 61.35 on Wednesday. Atlas Air Worldwide Holdings has a 52-week low of $40.25 and a 52-week high of $68.70. The stock’s 50 day moving average price is $65.28 and its 200 day moving average price is $58.90. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 26.22 and a beta of 1.40.

Atlas Air Worldwide Holdings (NASDAQ:AAWW) last issued its quarterly earnings data on Wednesday, August 2nd. The transportation company reported $1.09 earnings per share (EPS) for the quarter, topping the Zacks’ 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 company had revenue of $517.37 million during the quarter, compared to the consensus estimate of $500.44 million. During the same period last year, the company earned $0.80 earnings per share. The firm’s revenue was up 16.7% compared to the same quarter last year. On average, equities analysts anticipate that Atlas Air Worldwide Holdings will post $4.83 earnings per share for the current fiscal year.

In other Atlas Air Worldwide Holdings news, Director Duncan J. Mcnabb sold 1,000 shares of Atlas Air Worldwide Holdings stock in a transaction that occurred 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 in the company, valued at $786,569.85. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO William J. Flynn sold 5,000 shares of Atlas Air Worldwide Holdings stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $66.19, for a total value of $330,950.00. Following the completion of the sale, the chief executive officer now owns 191,958 shares of the company’s stock, valued at $12,705,700.02. The disclosure for this sale can be found here. Insiders have sold 36,000 shares of company stock valued at $2,353,750 over the last 90 days. 2.50% of the stock is owned by corporate insiders.

Several analysts have weighed in on AAWW shares. Zacks Investment Research raised Atlas Air Worldwide Holdings from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a report on Monday, August 7th. BidaskClub raised Atlas Air Worldwide Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Stifel Nicolaus reissued a “hold” rating and set a $69.00 price objective on shares of Atlas Air Worldwide Holdings in a report on Tuesday, September 12th. Cowen and Company reissued a “hold” rating and set a $70.00 price objective on shares of Atlas Air Worldwide Holdings in a report on Tuesday, September 5th. Finally, Susquehanna Bancshares Inc started coverage on Atlas Air Worldwide Holdings in a report on Thursday, August 17th. They set a “positive” rating and a $72.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Atlas Air Worldwide Holdings has an average rating of “Buy” and an average price target of $70.00.

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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