Atlas Air Worldwide (NASDAQ:AAWW) Downgraded by Susquehanna Bancshares to “Neutral”

Susquehanna Bancshares lowered shares of Atlas Air Worldwide (NASDAQ:AAWW) from a positive rating to a neutral rating in a research note published on Tuesday, BenzingaRatingsTable reports. They currently have $30.00 price target on the transportation company’s stock, down from their prior price target of $43.00.

Several other equities research analysts also recently issued reports on AAWW. Zacks Investment Research downgraded Atlas Air Worldwide from a hold rating to a sell rating in a report on Friday, August 2nd. Cowen restated an outperform rating and set a $68.00 price objective on shares of Atlas Air Worldwide in a report on Friday, August 2nd. Finally, BidaskClub upgraded Atlas Air Worldwide from a sell rating to a hold rating in a report on Tuesday, September 10th. Four investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $59.83.

AAWW stock opened at $24.53 on Tuesday. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.21. Atlas Air Worldwide has a 52-week low of $23.60 and a 52-week high of $64.85. The stock’s 50 day moving average is $27.65 and its two-hundred day moving average is $40.47. The company has a market capitalization of $666.52 million, a PE ratio of 4.44 and a beta of 2.22.

Atlas Air Worldwide (NASDAQ:AAWW) last posted its quarterly earnings data on Thursday, August 1st. The transportation company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.40). Atlas Air Worldwide had a return on equity of 8.05% and a net margin of 12.27%. The business had revenue of $663.92 million for the quarter, compared to analysts’ expectations of $713.31 million. During the same quarter in the prior year, the firm earned $1.75 earnings per share. Atlas Air Worldwide’s revenue for the quarter was down .3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Atlas Air Worldwide will post 5.57 EPS for the current year.

In other news, CFO Spencer Schwartz sold 6,500 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $45.80, for a total value of $297,700.00. Following the completion of the sale, the chief financial officer now directly owns 48,541 shares in the company, valued at approximately $2,223,177.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 19,500 shares of company stock valued at $753,415 over the last quarter. Company insiders own 2.20% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Aperio Group LLC grew its stake in Atlas Air Worldwide by 9.0% during the 2nd quarter. Aperio Group LLC now owns 25,287 shares of the transportation company’s stock worth $1,129,000 after buying an additional 2,092 shares during the last quarter. SCW Capital Management LP bought a new position in Atlas Air Worldwide during the 1st quarter worth $1,263,000. Dynamic Technology Lab Private Ltd grew its stake in Atlas Air Worldwide by 7.7% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 16,692 shares of the transportation company’s stock worth $844,000 after buying an additional 1,195 shares during the last quarter. Signia Capital Management LLC grew its stake in Atlas Air Worldwide by 2.6% during the 1st quarter. Signia Capital Management LLC now owns 122,418 shares of the transportation company’s stock worth $6,190,000 after buying an additional 3,050 shares during the last quarter. Finally, Laurion Capital Management LP grew its stake in Atlas Air Worldwide by 7.3% during the 1st quarter. Laurion Capital Management LP now owns 5,655 shares of the transportation company’s stock worth $286,000 after buying an additional 384 shares during the last quarter.

About Atlas Air Worldwide

Atlas Air Worldwide Holdings, Inc, through its subsidiaries, provides outsourced aircraft and aviation operating services. It operates through three segments: ACMI, Charter, and Dry Leasing. The company offers outsourced cargo and passenger aircraft operating solutions, including contractual service arrangements, such as the provision of aircraft; and value-added services, including crew, maintenance, and insurance to aircraft and other customers.

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Analyst Recommendations for Atlas Air Worldwide (NASDAQ:AAWW)

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