Atlas Air Worldwide Holdings (AAWW) Upgraded to “Hold” at Zacks Investment Research
According to Zacks, “Atlas Air Worldwide Holdings, Inc. is the parent company of Atlas Air and Polar Air Cargo, which together operate the world’s largest fleet of Boeing freighter aircraft. AAWW is principally involved in the airport-to-airport air transportation of heavy freight cargo through its two operating subsidiary airlines, Atlas Air, Inc. and Polar Air Cargo, IncAAWW, through its principal subsidiaries Atlas and Polar, offers scheduled air cargo service, cargo charters, military charters, and ACMI aircraft leasing in which customers receive a dedicated aircraft, crew, maintenance and insurance on a long-term lease basis. “
Several other equities analysts have also recently weighed in on the company. Stifel Nicolaus began coverage on Atlas Air Worldwide Holdings in a research note on Thursday, August 25th. They set a buy rating and a $49.00 price objective on the stock. RBC Capital Markets restated a sector perform rating and set a $44.00 price objective (down from $49.00) on shares of Atlas Air Worldwide Holdings in a research note on Thursday, August 4th. Finally, Royal Bank Of Canada dropped their price objective on Atlas Air Worldwide Holdings from $49.00 to $44.00 and set a sector perform rating on the stock in a research note on Thursday, August 4th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. The stock has an average rating of Hold and an average price target of $46.60.
Atlas Air Worldwide Holdings (NASDAQ:AAWW) traded down 1.64% during midday trading on Wednesday, reaching $42.59. 28,617 shares of the company traded hands. The firm’s market capitalization is $1.06 billion. The firm has a 50-day moving average price of $38.50 and a 200-day moving average price of $40.84. Atlas Air Worldwide Holdings has a one year low of $31.99 and a one year high of $57.77.
Atlas Air Worldwide Holdings (NASDAQ:AAWW) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.93 by $0.13. Atlas Air Worldwide Holdings had a negative net margin of 1.64% and a positive return on equity of 6.67%. The company had revenue of $443.30 million for the quarter, compared to the consensus estimate of $473.86 million. During the same quarter last year, the business posted $1.17 earnings per share. Atlas Air Worldwide Holdings’s revenue was down 2.8% on a year-over-year basis. Equities analysts predict that Atlas Air Worldwide Holdings will post $4.46 EPS for the current fiscal year.
In other news, Director John K. Wulff acquired 5,000 shares of the firm’s stock in a transaction that occurred on Monday, August 29th. The stock was bought at an average price of $35.90 per share, with a total value of $179,500.00. Following the acquisition, the director now owns 25,000 shares in the company, valued at approximately $897,500. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John K. Wulff acquired 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 10th. The stock was purchased at an average cost of $35.01 per share, with a total value of $350,100.00. Following the acquisition, the director now owns 17,850 shares in the company, valued at approximately $624,928.50. The disclosure for this purchase can be found here. Insiders own 2.10% of the company’s stock.
A number of large investors have recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Atlas Air Worldwide Holdings during the fourth quarter valued at $9,635,000. Pacad Investment Ltd. raised its stake in shares of Atlas Air Worldwide Holdings by 33.9% in the first quarter. Pacad Investment Ltd. now owns 7,900 shares of the company’s stock valued at $334,000 after buying an additional 2,000 shares during the period. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of Atlas Air Worldwide Holdings during the first quarter valued at $213,000. Teachers Advisors Inc. raised its stake in shares of Atlas Air Worldwide Holdings by 5.9% in the first quarter. Teachers Advisors Inc. now owns 363,467 shares of the company’s stock valued at $15,364,000 after buying an additional 20,100 shares during the period. Finally, BlackRock Group LTD raised its stake in shares of Atlas Air Worldwide Holdings by 28.4% in the first quarter. BlackRock Group LTD now owns 21,788 shares of the company’s stock valued at $921,000 after buying an additional 4,818 shares during the period. 96.39% of the stock is owned by institutional investors.
About Atlas Air Worldwide Holdings
Atlas Air Worldwide Holdings, Inc, (AAWW) is a holding company with a principal operating subsidiary, Atlas Air, Inc (Atlas). The Company is a provider of outsourced aircraft and aviation operating services, operating a fleet of 750 freighters, as well as operating 747 and 767 passenger aircraft and 767 freighters.
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