Atlas Air Worldwide Holdings (AAWW) Upgraded at Zacks Investment Research

Atlas Air Worldwide Holdings (NASDAQ:AAWW) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Monday.

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. “

Other analysts have also issued reports about the stock. Stifel Nicolaus reaffirmed a “buy” rating on shares of Atlas Air Worldwide Holdings in a research note on Friday, June 2nd. Seaport Global Securities started coverage on shares of Atlas Air Worldwide Holdings in a research note on Thursday, March 30th. They issued a “buy” rating and a $65.00 price objective for the company. BidaskClub raised shares of Atlas Air Worldwide Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Cowen and Company reaffirmed a “hold” rating and issued a $60.00 price objective on shares of Atlas Air Worldwide Holdings in a research note on Tuesday, July 11th. Finally, Imperial Capital reaffirmed an “outperform” rating on shares of Atlas Air Worldwide Holdings in a research note on Friday, May 19th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $60.00.

Shares of Atlas Air Worldwide Holdings (NASDAQ AAWW) traded up 1.38% on Monday, hitting $58.95. 277,152 shares of the company traded hands. The firm’s 50-day moving average is $50.65 and its 200 day moving average is $52.90. Atlas Air Worldwide Holdings has a 1-year low of $34.22 and a 1-year high of $60.10. The firm has a market capitalization of $1.49 billion, a P/E ratio of 37.05 and a beta of 1.43.

Atlas Air Worldwide Holdings (NASDAQ:AAWW) last released its quarterly earnings data on Wednesday, May 3rd. The transportation company reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.01. Atlas Air Worldwide Holdings had a net margin of 2.12% and a return on equity of 7.66%. The company had revenue of $475.40 million during the quarter, compared to analyst estimates of $451.72 million. During the same period in the prior year, the firm earned $0.31 earnings per share. The firm’s revenue for the quarter was up 13.6% compared to the same quarter last year. On average, analysts anticipate that Atlas Air Worldwide Holdings will post $4.64 earnings per share for the current fiscal year.

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In other Atlas Air Worldwide Holdings news, CMO Michael Steen sold 23,387 shares of the stock in a transaction dated Thursday, April 20th. The shares were sold at an average price of $57.00, for a total transaction of $1,333,059.00. Following the completion of the sale, the chief marketing officer now directly owns 39,291 shares of the company’s stock, valued at $2,239,587. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO William J. Flynn sold 5,000 shares of the stock in a transaction dated Monday, April 24th. The shares were sold at an average price of $58.39, for a total transaction of $291,950.00. Following the sale, the chief executive officer now directly owns 231,758 shares of the company’s stock, valued at $13,532,349.62. The disclosure for this sale can be found here. Over the last three months, insiders have sold 68,914 shares of company stock valued at $3,941,610. Insiders own 2.50% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in AAWW. Ameritas Investment Partners Inc. purchased a new stake in Atlas Air Worldwide Holdings during the first quarter valued at approximately $107,000. State of Alaska Department of Revenue raised 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 last quarter. A.R.T. Advisors LLC purchased a new stake in Atlas Air Worldwide Holdings during the fourth quarter valued at approximately $203,000. KCG Holdings Inc. raised 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 last quarter. Finally, Municipal Employees Retirement System of Michigan raised its stake in Atlas Air Worldwide Holdings by 1.2% in the first quarter. Municipal Employees Retirement System of Michigan now owns 5,710 shares of the transportation company’s stock valued at $317,000 after buying an additional 70 shares during the last quarter. 95.94% of the stock is owned by institutional investors and hedge funds.

Atlas Air Worldwide Holdings Company 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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