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 research analysts also recently commented on the company. Stifel Nicolaus assumed coverage on Atlas Air Worldwide Holdings in a report on Thursday, August 25th. They set a buy rating and a $49.00 target price on the stock. RBC Capital Markets reiterated a sector perform rating and set a $44.00 target price (down from $49.00) on shares of Atlas Air Worldwide Holdings in a report on Thursday, August 4th. Finally, Royal Bank Of Canada dropped their target price on Atlas Air Worldwide Holdings from $49.00 to $44.00 and set a sector perform rating on the stock in a report on Thursday, August 4th. One research analyst has 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 currently has an average rating of Hold and an average target price of $46.60.
Shares of Atlas Air Worldwide Holdings (NASDAQ:AAWW) opened at 42.89 on Wednesday. The stock’s market capitalization is $1.06 billion. The company’s 50 day moving average is $39.17 and its 200-day moving average is $40.86. Atlas Air Worldwide Holdings has a 1-year low of $31.99 and a 1-year high of $57.77.
Atlas Air Worldwide Holdings (NASDAQ:AAWW) last announced its earnings results on Wednesday, August 3rd. The company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.93 by $0.13. The company had revenue of $443.30 million for the quarter, compared to analysts’ expectations of $473.86 million. Atlas Air Worldwide Holdings had a negative net margin of 1.64% and a positive return on equity of 6.67%. The business’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.17 earnings per share. Equities analysts anticipate that Atlas Air Worldwide Holdings will post $4.48 earnings per share for the current fiscal year.
In other Atlas Air Worldwide Holdings news, Director John K. Wulff acquired 5,000 shares of the company’s stock in a transaction on Monday, August 29th. The shares were bought at an average cost of $35.90 per share, for a total transaction of $179,500.00. Following the acquisition, the director now directly owns 25,000 shares of the company’s stock, valued at $897,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John K. Wulff acquired 10,000 shares of the company’s stock in a transaction on Wednesday, August 10th. The shares were acquired at an average price of $35.01 per share, for a total transaction of $350,100.00. Following the completion of the acquisition, the director now directly owns 17,850 shares in the company, valued at $624,928.50. The disclosure for this purchase can be found here. Company insiders own 2.10% of the company’s stock.
A number of large investors have recently bought and sold shares of the company. Barnett & Company Inc. acquired a new stake in Atlas Air Worldwide Holdings during the first quarter valued at about $158,000. Panagora Asset Management Inc. increased its stake in Atlas Air Worldwide Holdings by 32.8% in the first quarter. Panagora Asset Management Inc. now owns 101,623 shares of the company’s stock valued at $4,296,000 after buying an additional 25,083 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in Atlas Air Worldwide Holdings during the first quarter valued at about $920,000. Quadrature Capital Ltd acquired a new stake in Atlas Air Worldwide Holdings during the first quarter valued at about $453,000. Finally, Acrospire Investment Management LLC acquired a new stake in Atlas Air Worldwide Holdings during the first quarter valued at about $110,000. Institutional investors own 96.39% of the company’s stock.
Atlas Air Worldwide Holdings Company Profile
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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