Atlas Air Worldwide (NASDAQ:AAWW) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Thursday.

A number of other brokerages have also issued reports on AAWW. ValuEngine lowered shares of Atlas Air Worldwide from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 14th. Cowen raised shares of Atlas Air Worldwide from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $62.00 to $72.00 in a research report on Wednesday. Zacks Investment Research lowered shares of Atlas Air Worldwide from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Finally, Stifel Nicolaus raised shares of Atlas Air Worldwide from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a research report on Tuesday, November 7th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Atlas Air Worldwide presently has an average rating of “Buy” and an average price target of $70.33.

Shares of Atlas Air Worldwide (NASDAQ AAWW) traded up $0.70 during mid-day trading on Thursday, reaching $62.05. 518,897 shares of the company were exchanged, compared to its average volume of 239,459. Atlas Air Worldwide has a fifty-two week low of $45.45 and a fifty-two week high of $68.70. The company has a market capitalization of $1,568.81, a price-to-earnings ratio of 59.66 and a beta of 1.38. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.66 and a quick ratio of 0.66.

Atlas Air Worldwide (NASDAQ:AAWW) last announced 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 return on equity of 8.14% and a net margin of 2.06%. The company had revenue of $535.70 million for the quarter, compared to the consensus estimate of $521.29 million. During the same period last year, the firm posted $1.09 EPS. The company’s revenue was up 19.6% compared to the same quarter last year. equities analysts anticipate that Atlas Air Worldwide will post 4.59 EPS for the current fiscal year.

In other Atlas Air Worldwide news, CFO Spencer Schwartz sold 4,027 shares of the business’s stock in a transaction on Friday, December 22nd. The shares were sold at an average price of $59.75, for a total value of $240,613.25. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO William J. Flynn sold 5,000 shares of the business’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $64.50, for a total transaction of $322,500.00. The disclosure for this sale can be found here. Insiders sold a total of 24,222 shares of company stock worth $1,491,498 in the last three months. Insiders own 2.50% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. California Public Employees Retirement System increased its holdings in Atlas Air Worldwide by 0.4% in the 2nd quarter. California Public Employees Retirement System now owns 74,400 shares of the transportation company’s stock valued at $3,880,000 after buying an additional 300 shares during the period. Thrivent Financial For Lutherans boosted its stake in shares of Atlas Air Worldwide by 6.5% in the 2nd quarter. Thrivent Financial For Lutherans now owns 15,200 shares of the transportation company’s stock valued at $793,000 after purchasing an additional 930 shares in the last quarter. American International Group Inc. boosted its stake in shares of Atlas Air Worldwide by 5.6% in the 3rd quarter. American International Group Inc. now owns 18,681 shares of the transportation company’s stock valued at $1,229,000 after purchasing an additional 989 shares in the last quarter. Supplemental Annuity Collective Trust of NJ boosted its stake in shares of Atlas Air Worldwide by 5.6% in the 3rd quarter. Supplemental Annuity Collective Trust of NJ now owns 19,000 shares of the transportation company’s stock valued at $1,250,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Cubic Asset Management LLC boosted its stake in shares of Atlas Air Worldwide by 3.5% in the 3rd quarter. Cubic Asset Management LLC now owns 32,560 shares of the transportation company’s stock valued at $2,142,000 after purchasing an additional 1,100 shares in the last quarter. 96.40% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: This story was originally posted by Daily Political and is the sole property of of Daily Political. If you are accessing this story on another domain, it was illegally copied and reposted in violation of U.S. and international trademark & copyright law. The correct version of this story can be read at https://www.dailypolitical.com/2018/01/14/atlas-air-worldwide-aaww-raised-to-hold-at-bidaskclub.html.

About Atlas Air Worldwide

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).

Analyst Recommendations for Atlas Air Worldwide (NASDAQ:AAWW)

Receive News & Ratings for Atlas Air Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlas Air Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.