Atlas Air Worldwide Holdings (AAWW) Sets New 1-Year High at $67.90
Atlas Air Worldwide Holdings (NASDAQ:AAWW)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $67.90 and last traded at $68.00, with a volume of 245,098 shares. The stock had previously closed at $66.80.
A number of brokerages recently issued reports on AAWW. Susquehanna Bancshares Inc initiated coverage on Atlas Air Worldwide Holdings in a report on Thursday, August 17th. They issued a “positive” rating and a $72.00 price objective for the company. ValuEngine upgraded Atlas Air Worldwide Holdings from a “buy” rating to a “strong-buy” rating in a research report on Friday. BidaskClub downgraded Atlas Air Worldwide Holdings from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Cowen and Company reiterated a “hold” rating and set a $60.00 price objective on shares of Atlas Air Worldwide Holdings in a research report on Tuesday, July 11th. Finally, Stifel Nicolaus reiterated a “buy” rating on shares of Atlas Air Worldwide Holdings in a research report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Atlas Air Worldwide Holdings presently has a consensus rating of “Buy” and a consensus price target of $69.00.
The firm has a market capitalization of $1.72 billion, a PE ratio of 29.02 and a beta of 1.39. The company has a 50-day moving average price of $61.92 and a 200 day moving average price of $55.65.
Atlas Air Worldwide Holdings (NASDAQ:AAWW) last announced its earnings results on Wednesday, August 2nd. The transportation company reported $1.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.24. Atlas Air Worldwide Holdings had a net margin of 2.98% and a return on equity of 8.11%. The firm had revenue of $517.37 million for the quarter, compared to analyst estimates of $500.44 million. During the same quarter in the prior year, the business posted $0.80 EPS. The business’s revenue was up 16.7% compared to the same quarter last year. On average, equities analysts expect that Atlas Air Worldwide Holdings will post $4.84 EPS for the current year.
In other news, Director Duncan J. Mcnabb sold 1,000 shares of the firm’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $60.65, for a total transaction of $60,650.00. Following the completion of the transaction, the director now owns 12,969 shares of the company’s stock, valued at $786,569.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William J. Flynn sold 5,000 shares of the firm’s stock in a transaction on Monday, July 10th. The shares were sold at an average price of $55.10, for a total transaction of $275,500.00. Following the transaction, the chief executive officer now directly owns 211,958 shares of the company’s stock, valued at approximately $11,678,885.80. The disclosure for this sale can be found here. In the last three months, insiders sold 41,000 shares of company stock valued at $2,458,350. 2.50% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. purchased a new stake in Atlas Air Worldwide Holdings during the first quarter valued at $107,000. State of Alaska Department of Revenue boosted its stake in Atlas Air Worldwide Holdings by 3.0% in the first quarter. State of Alaska Department of Revenue now owns 2,770 shares of the transportation company’s stock valued at $153,000 after buying an additional 80 shares during the period. UBS Asset Management Americas Inc. purchased a new stake in Atlas Air Worldwide Holdings during the second quarter valued at $201,000. KCG Holdings Inc. boosted its stake in Atlas Air Worldwide Holdings by 20.5% in the first quarter. KCG Holdings Inc. now owns 4,998 shares of the transportation company’s stock valued at $277,000 after buying an additional 849 shares during the period. Finally, Piedmont Investment Advisors LLC purchased a new stake in Atlas Air Worldwide Holdings during the second quarter valued at $285,000. 96.41% of the stock is owned by hedge funds and other institutional investors.
About Atlas Air Worldwide Holdings
Atlas Air Worldwide Holdings, Inc is a holding company. The Company provides outsourced aircraft and aviation operating services throughout the world, serving Africa, Asia, Australia, Europe, the Middle East, North America and South America through contractual service arrangements, including those through which it provides aircraft to customers and value-added services, including crew, maintenance and insurance (ACMI), as well as those through which it provides crew, maintenance and insurance, but not the aircraft (CMI); cargo and passenger charter services (Charter), and dry leasing aircraft and engines (Dry Leasing).
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