Atlas Air Worldwide Holdings (AAWW) Sees Strong Trading Volume
Atlas Air Worldwide Holdings (NASDAQ:AAWW) shares saw an uptick in trading volume on Friday . 491,017 shares were traded during trading, an increase of 38% from the previous session’s volume of 356,740 shares.The stock last traded at $36.50 and had previously closed at $35.21.
A number of research firms recently weighed in on AAWW. Cowen and Company upped their price target on Atlas Air Worldwide Holdings from $50.00 to $55.00 and gave the stock a “market perform” rating in a research note on Friday, May 6th. Wolfe Research raised Atlas Air Worldwide Holdings from an “underperform” rating to a “market perform” rating in a research note on Friday, May 6th. Royal Bank Of Canada upped their price target on Atlas Air Worldwide Holdings from $41.00 to $49.00 and gave the stock a “sector perform” rating in a research note on Friday, May 6th. Zacks Investment Research raised Atlas Air Worldwide Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, May 11th. Finally, RBC Capital Markets reissued a “sector perform” rating and issued a $44.00 price objective (down from $49.00) on shares of Atlas Air Worldwide Holdings in a research note on Thursday, August 4th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $45.83.
The company’s market capitalization is $902.32 million. The company has a 50 day moving average of $38.89 and a 200 day moving average of $40.49.
Atlas Air Worldwide Holdings (NASDAQ:AAWW) last posted its earnings results on Wednesday, August 3rd. The company reported $0.80 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.93 by $0.13. The company earned $443.30 million during the quarter, compared to the consensus estimate of $473.86 million. Atlas Air Worldwide Holdings’s revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.17 earnings per share. On average, analysts predict that Atlas Air Worldwide Holdings will post $4.47 EPS for the current year.
In other Atlas Air Worldwide Holdings news, Director John K. Wulff bought 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 10th. The shares were bought at an average cost of $35.01 per share, with a total value of $350,100.00. Following the completion of the purchase, the director now directly owns 17,850 shares of the company’s stock, valued at $624,928.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
An institutional investor recently raised its position in Atlas Air Worldwide Holdings stock. Connor Clark & Lunn Investment Management Ltd. raised its stake in Atlas Air Worldwide Holdings (NASDAQ:AAWW) by 12.0% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 51,400 shares of the company’s stock after buying an additional 5,500 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.21% of Atlas Air Worldwide Holdings worth $2,125,000 at the end of the most recent reporting period.
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.