Great Lakes Advisors LLC lowered its stake in Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) by 8.1% during the third quarter, HoldingsChannel reports. The institutional investor owned 93,107 shares of the transportation company’s stock after selling 8,216 shares during the period. Great Lakes Advisors LLC’s holdings in Atlas Air Worldwide were worth $5,936,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of AAWW. Glenmede Trust Co. NA boosted its position in Atlas Air Worldwide by 717,148.5% in the third quarter. Glenmede Trust Co. NA now owns 487,729 shares of the transportation company’s stock valued at $31,091,000 after buying an additional 487,661 shares in the last quarter. Emerald Mutual Fund Advisers Trust boosted its position in Atlas Air Worldwide by 33.8% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 369,446 shares of the transportation company’s stock valued at $23,552,000 after buying an additional 93,254 shares in the last quarter. LSV Asset Management boosted its position in Atlas Air Worldwide by 7.7% in the third quarter. LSV Asset Management now owns 1,041,783 shares of the transportation company’s stock valued at $66,413,000 after buying an additional 74,900 shares in the last quarter. Towle & Co. boosted its position in Atlas Air Worldwide by 9.5% in the second quarter. Towle & Co. now owns 831,690 shares of the transportation company’s stock valued at $59,632,000 after buying an additional 72,320 shares in the last quarter. Finally, CIBC World Markets Inc. acquired a new stake in Atlas Air Worldwide in the second quarter valued at approximately $3,621,000.
A number of analysts have weighed in on AAWW shares. BidaskClub lowered shares of Atlas Air Worldwide from a “hold” rating to a “sell” rating in a research report on Wednesday, November 21st. ValuEngine lowered shares of Atlas Air Worldwide from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 9th. Deutsche Bank started coverage on shares of Atlas Air Worldwide in a report on Tuesday, September 4th. They set a “buy” rating and a $76.00 price target on the stock. Zacks Investment Research lowered shares of Atlas Air Worldwide from a “buy” rating to a “hold” rating in a report on Tuesday, November 6th. Finally, TheStreet lowered shares of Atlas Air Worldwide from a “b-” rating to a “c+” rating in a report on Monday, October 29th. Three equities research analysts have rated the stock with a sell rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $72.67.
Atlas Air Worldwide (NASDAQ:AAWW) last issued its quarterly earnings results on Thursday, November 1st. The transportation company reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.18. The company had revenue of $656.61 million for the quarter, compared to analyst estimates of $664.70 million. Atlas Air Worldwide had a net margin of 10.59% and a return on equity of 10.20%. Atlas Air Worldwide’s revenue was up 22.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.08 earnings per share. Equities analysts anticipate that Atlas Air Worldwide Holdings, Inc. will post 7.1 earnings per share for the current year.
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About Atlas Air Worldwide
Atlas Air Worldwide Holdings, Inc, through its subsidiaries, provides outsourced aircraft and aviation operating services worldwide. It operates through three segments: ACMI, Charter, and Dry Leasing. The company offers outsourced cargo and passenger aircraft operating solutions comprising contractual service arrangements, which include the provision of aircraft; and value-added services, such as crew, maintenance, and insurance to aircraft and other customers.
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