Royce & Associates LP Raises Position in Atlas Air Worldwide Holdings, Inc. (AAWW)

Royce & Associates LP increased its stake in shares of Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) by 9.4% in the third quarter, Holdings Channel reports. The fund owned 435,624 shares of the transportation company’s stock after purchasing an additional 37,458 shares during the period. Royce & Associates LP’s holdings in Atlas Air Worldwide were worth $27,771,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings in shares of Atlas Air Worldwide by 0.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,151,969 shares of the transportation company’s stock worth $137,188,000 after acquiring an additional 5,515 shares during the last quarter. LSV Asset Management increased its stake in Atlas Air Worldwide by 7.7% in the 3rd quarter. LSV Asset Management now owns 1,041,783 shares of the transportation company’s stock worth $66,413,000 after buying an additional 74,900 shares during the period. State of New Jersey Common Pension Fund D increased its stake in Atlas Air Worldwide by 5.6% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 950,000 shares of the transportation company’s stock worth $60,563,000 after buying an additional 50,000 shares during the period. Towle & Co. increased its stake in Atlas Air Worldwide by 9.5% in the 2nd quarter. Towle & Co. now owns 831,690 shares of the transportation company’s stock worth $59,632,000 after buying an additional 72,320 shares during the period. Finally, Emerald Mutual Fund Advisers Trust increased its stake in Atlas Air Worldwide by 33.8% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 369,446 shares of the transportation company’s stock worth $23,552,000 after buying an additional 93,254 shares during the period.

NASDAQ AAWW opened at $53.25 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.23. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 10.80 and a beta of 1.52. Atlas Air Worldwide Holdings, Inc. has a one year low of $48.19 and a one year high of $75.29.

Atlas Air Worldwide (NASDAQ:AAWW) last posted its earnings results on Thursday, November 1st. The transportation company reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.18. The business had revenue of $656.61 million for the quarter, compared to the consensus estimate of $664.70 million. Atlas Air Worldwide had a net margin of 10.59% and a return on equity of 10.20%. The company’s revenue for the quarter was up 22.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.08 EPS. On average, equities research analysts expect that Atlas Air Worldwide Holdings, Inc. will post 7.1 EPS for the current year.

Several research analysts recently commented on AAWW shares. Zacks Investment Research raised shares of Atlas Air Worldwide from a “hold” rating to a “buy” rating and set a $62.00 price target on the stock in a research note on Wednesday, November 7th. Deutsche Bank set a $66.00 price target on shares of Atlas Air Worldwide and gave the stock a “buy” rating in a research note on Wednesday, November 7th. TheStreet downgraded shares of Atlas Air Worldwide from a “b-” rating to a “c+” rating in a research note on Monday, October 29th. Imperial Capital reduced their price target on shares of Atlas Air Worldwide from $91.00 to $74.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 6th. They noted that the move was a valuation call. Finally, BidaskClub raised shares of Atlas Air Worldwide from a “strong sell” rating to a “sell” rating in a research note on Friday, September 7th. Three research analysts have rated the stock with a sell rating and six have issued a buy rating to the company’s stock. Atlas Air Worldwide presently has a consensus rating of “Hold” and an average target price of $72.67.

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Atlas Air Worldwide Company Profile

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.

See Also: Intrinsic Value

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

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