Atlas Air Worldwide (AAWW) Rating Increased to Sell at BidaskClub

BidaskClub upgraded shares of Atlas Air Worldwide (NASDAQ:AAWW) from a strong sell rating to a sell rating in a research report sent to investors on Thursday.

AAWW has been the topic of several other research reports. Zacks Investment Research lowered Atlas Air Worldwide from a buy rating to a hold rating in a research report on Tuesday, October 10th. Stifel Nicolaus reaffirmed a hold rating and set a $69.00 price target on shares of Atlas Air Worldwide in a research report on Tuesday, September 12th. ValuEngine lowered Atlas Air Worldwide from a strong-buy rating to a buy rating in a research report on Tuesday, November 14th. Finally, Cowen reaffirmed a hold rating on shares of Atlas Air Worldwide in a research report on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of Buy and an average target price of $70.00.

Shares of Atlas Air Worldwide (AAWW) opened at $60.15 on Thursday. Atlas Air Worldwide has a 1 year low of $45.45 and a 1 year high of $68.70. The stock has a market capitalization of $1,530.00, a P/E ratio of 36.68 and a beta of 1.38. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.66 and a quick ratio of 0.66.

Atlas Air Worldwide (NASDAQ:AAWW) last announced its earnings results on Tuesday, November 7th. The transportation company reported $1.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.13 by ($0.05). Atlas Air Worldwide had a net margin of 2.06% and a return on equity of 8.14%. The firm had revenue of $535.70 million during the quarter, compared to analyst estimates of $521.29 million. During the same period in the prior year, the business posted $1.09 EPS. The firm’s quarterly revenue was up 19.6% compared to the same quarter last year. equities analysts expect that Atlas Air Worldwide will post 4.64 earnings per share for the current year.

In other Atlas Air Worldwide news, CEO William J. Flynn sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $61.21, for a total transaction of $306,050.00. Following the transaction, the chief executive officer now owns 171,958 shares of the company’s stock, valued at approximately $10,525,549.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 25,195 shares of company stock worth $1,616,785 in the last ninety days. Insiders own 2.50% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of AAWW. 1060 Capital LLC bought a new position in shares of Atlas Air Worldwide during the 2nd quarter worth approximately $31,481,000. FMR LLC boosted its stake in Atlas Air Worldwide by 22.7% in the 2nd quarter. FMR LLC now owns 1,378,443 shares of the transportation company’s stock valued at $71,886,000 after purchasing an additional 254,743 shares during the period. Impala Asset Management LLC bought a new stake in Atlas Air Worldwide in the 3rd quarter valued at $13,303,000. Heartland Advisors Inc. bought a new stake in Atlas Air Worldwide in the 2nd quarter valued at $10,430,000. Finally, Renaissance Technologies LLC boosted its stake in Atlas Air Worldwide by 194.1% in the 2nd quarter. Renaissance Technologies LLC now owns 297,296 shares of the transportation company’s stock valued at $15,504,000 after purchasing an additional 196,196 shares during the period. Institutional investors own 96.40% of the company’s stock.

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Atlas Air Worldwide 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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