Nordea Investment Management AB Has $7.33 Million Stake in Atlas Air Worldwide Holdings, Inc. (AAWW)

Nordea Investment Management AB raised its position in Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) by 17.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 132,184 shares of the transportation company’s stock after buying an additional 19,981 shares during the period. Nordea Investment Management AB’s holdings in Atlas Air Worldwide Holdings were worth $7,330,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Snow Capital Management LP boosted its position in shares of Atlas Air Worldwide Holdings by 13.8% in the third quarter. Snow Capital Management LP now owns 1,260,397 shares of the transportation company’s stock worth $53,970,000 after buying an additional 152,712 shares in the last quarter. State Street Corp boosted its position in shares of Atlas Air Worldwide Holdings by 5.8% in the fourth quarter. State Street Corp now owns 636,071 shares of the transportation company’s stock worth $33,171,000 after buying an additional 35,030 shares in the last quarter. New York State Teachers Retirement System boosted its position in shares of Atlas Air Worldwide Holdings by 0.7% in the fourth quarter. New York State Teachers Retirement System now owns 14,820 shares of the transportation company’s stock worth $773,000 after buying an additional 100 shares in the last quarter. Systematic Financial Management LP boosted its position in shares of Atlas Air Worldwide Holdings by 49.4% in the fourth quarter. Systematic Financial Management LP now owns 602,823 shares of the transportation company’s stock worth $31,437,000 after buying an additional 199,253 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Atlas Air Worldwide Holdings by 4.4% in the third quarter. Rhumbline Advisers now owns 37,783 shares of the transportation company’s stock worth $1,618,000 after buying an additional 1,590 shares in the last quarter. Hedge funds and other institutional investors own 98.27% of the company’s stock.

Institutional Ownership by Quarter for Atlas Air Worldwide Holdings (NASDAQ:AAWW)

Shares of Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) traded up 3.26% during midday trading on Friday, reaching $47.55. 1,445,909 shares of the company’s stock traded hands. The firm has a market cap of $1.20 billion, a PE ratio of 29.89 and a beta of 1.23. Atlas Air Worldwide Holdings, Inc. has a 52-week low of $34.22 and a 52-week high of $60.10. The company has a 50 day moving average of $53.97 and a 200 day moving average of $52.35.

Atlas Air Worldwide Holdings (NASDAQ:AAWW) last released its quarterly earnings results on Wednesday, May 3rd. The transportation company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.01. Atlas Air Worldwide Holdings had a negative net margin of 1.37% and a positive return on equity of 6.45%. The company had revenue of $475.40 million for the quarter, compared to analyst estimates of $451.72 million. During the same period last year, the firm earned $0.31 earnings per share. The firm’s revenue was up 13.6% on a year-over-year basis. On average, equities analysts predict that Atlas Air Worldwide Holdings, Inc. will post $4.61 EPS for the current fiscal year.

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Several analysts have recently weighed in on the stock. Imperial Capital reaffirmed an “outperform” rating on shares of Atlas Air Worldwide Holdings in a report on Friday, March 17th. Zacks Investment Research lowered shares of Atlas Air Worldwide Holdings from a “hold” rating to a “sell” rating in a report on Monday, May 1st. TheStreet raised shares of Atlas Air Worldwide Holdings from a “c” rating to a “b” rating in a report on Thursday, February 23rd. Stifel Nicolaus lowered shares of Atlas Air Worldwide Holdings from a “buy” rating to a “hold” rating and set a $63.00 price target for the company. in a report on Thursday, April 27th. They noted that the move was a valuation call. Finally, Cowen and Company reissued a “market perform” rating and issued a $60.00 price target (up previously from $55.00) on shares of Atlas Air Worldwide Holdings in a report on Friday, February 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Atlas Air Worldwide Holdings presently has a consensus rating of “Hold” and a consensus target price of $60.00.

In related news, CEO William J. Flynn sold 5,000 shares of the firm’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $57.76, for a total transaction of $288,800.00. Following the completion of the sale, the chief executive officer now owns 221,958 shares in the company, valued at $12,820,294.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Michael Steen sold 23,387 shares of the firm’s stock in a transaction dated Thursday, April 20th. The stock was sold at an average price of $57.00, for a total transaction of $1,333,059.00. Following the sale, the chief marketing officer now owns 39,291 shares of the company’s stock, valued at approximately $2,239,587. The disclosure for this sale can be found here. Insiders have sold 114,549 shares of company stock worth $6,556,917 over the last three months. 2.10% of the stock is owned by insiders.

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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