Barnett & Company Inc. Cuts Stake in Atlas Air Worldwide Holdings, Inc. (AAWW)
Barnett & Company Inc. lessened its stake in shares of Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) by 9.1% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 30,630 shares of the transportation company’s stock after selling 3,080 shares during the quarter. Barnett & Company Inc. owned about 0.12% of Atlas Air Worldwide worth $2,015,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. 1060 Capital LLC bought a new position in Atlas Air Worldwide in the 2nd quarter valued at about $31,481,000. FMR LLC grew its holdings in shares of Atlas Air Worldwide by 22.7% during the 2nd quarter. FMR LLC now owns 1,378,443 shares of the transportation company’s stock valued at $71,886,000 after purchasing an additional 254,743 shares during the last quarter. Impala Asset Management LLC bought a new stake in shares of Atlas Air Worldwide during the 3rd quarter valued at approximately $13,303,000. Heartland Advisors Inc. bought a new stake in shares of Atlas Air Worldwide during the 2nd quarter valued at approximately $10,430,000. Finally, Renaissance Technologies LLC grew its holdings in shares of Atlas Air Worldwide by 194.1% during the 2nd quarter. Renaissance Technologies LLC now owns 297,296 shares of the transportation company’s stock valued at $15,504,000 after purchasing an additional 196,196 shares during the last quarter. Institutional investors own 96.40% of the company’s stock.
Several research firms recently commented on AAWW. ValuEngine upgraded shares of Atlas Air Worldwide from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 1st. Susquehanna Bancshares started coverage on shares of Atlas Air Worldwide in a research report on Thursday, August 17th. They issued a “positive” rating and a $72.00 price target on the stock. Cowen restated a “hold” rating on shares of Atlas Air Worldwide in a research report on Thursday, October 12th. Zacks Investment Research downgraded shares of Atlas Air Worldwide from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $69.00 target price on shares of Atlas Air Worldwide in a research report on Tuesday, September 12th. Two analysts have rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $70.00.
Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) opened at $57.95 on Thursday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.66 and a current ratio of 0.66. Atlas Air Worldwide Holdings, Inc. has a 1 year low of $45.45 and a 1 year high of $68.70. The stock has a market cap of $1,434.82, a price-to-earnings ratio of 12.02 and a beta of 1.38.
Atlas Air Worldwide (NASDAQ:AAWW) last released its earnings results on Tuesday, November 7th. The transportation company reported $1.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.13 by ($0.05). Atlas Air Worldwide had a net margin of 2.06% and a return on equity of 8.14%. The company had revenue of $535.70 million for the quarter, compared to analyst estimates of $521.29 million. During the same quarter in the previous year, the firm earned $1.09 EPS. The firm’s revenue was up 19.6% on a year-over-year basis. research analysts expect that Atlas Air Worldwide Holdings, Inc. will post 4.64 earnings per share for the current fiscal year.
In related news, CEO William J. Flynn sold 5,000 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $66.19, for a total transaction of $330,950.00. Following the transaction, the chief executive officer now owns 191,958 shares in the company, valued at approximately $12,705,700.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 25,195 shares of company stock worth $1,616,785 in the last quarter. 2.50% of the stock is owned by corporate insiders.
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Atlas Air Worldwide Profile
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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