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 research firms have also commented on AAWW. BidaskClub raised shares of Atlas Air Worldwide from a sell rating to a hold rating in a research note on Monday, June 17th. Imperial Capital reissued an outperform rating and set a $65.00 target price (down from $79.00) on shares of Atlas Air Worldwide in a research note on Friday, May 3rd. They noted that the move was a valuation call. Finally, Cowen reissued an outperform rating and set a $68.00 target price on shares of Atlas Air Worldwide in a research note on Friday. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. Atlas Air Worldwide has an average rating of Hold and an average price target of $65.80.
Atlas Air Worldwide (NASDAQ:AAWW) last released its earnings results on Thursday, August 1st. The transportation company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.40). Atlas Air Worldwide had a net margin of 12.27% and a return on equity of 8.05%. The business had revenue of $663.92 million for the quarter, compared to analyst estimates of $713.31 million. During the same period in the prior year, the company earned $1.75 earnings per share. The firm’s revenue for the quarter was down .3% on a year-over-year basis. Equities analysts forecast that Atlas Air Worldwide will post 7.47 earnings per share for the current year.
In other news, Director John K. Wulff purchased 5,000 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were acquired at an average price of $39.75 per share, for a total transaction of $198,750.00. Following the completion of the acquisition, the director now directly owns 24,979 shares of the company’s stock, valued at $992,915.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Spencer Schwartz sold 6,500 shares of the business’s stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $44.08, for a total transaction of $286,520.00. Following the sale, the chief financial officer now owns 54,741 shares in the company, valued at approximately $2,412,983.28. The disclosure for this sale can be found here. 2.10% of the stock is owned by insiders.
Several hedge funds have recently added to or reduced their stakes in AAWW. Parallel Advisors LLC increased its stake in Atlas Air Worldwide by 273.0% in the 2nd quarter. Parallel Advisors LLC now owns 731 shares of the transportation company’s stock valued at $33,000 after buying an additional 535 shares during the period. Quantamental Technologies LLC increased its stake in Atlas Air Worldwide by 343.3% in the 1st quarter. Quantamental Technologies LLC now owns 4,003 shares of the transportation company’s stock valued at $202,000 after buying an additional 3,100 shares during the period. 6 Meridian acquired a new position in Atlas Air Worldwide in the 1st quarter valued at approximately $213,000. Investors Research Corp increased its stake in Atlas Air Worldwide by 4.8% in the 2nd quarter. Investors Research Corp now owns 5,450 shares of the transportation company’s stock valued at $243,000 after buying an additional 250 shares during the period. Finally, Laurion Capital Management LP increased its stake in Atlas Air Worldwide by 7.3% in the 1st quarter. Laurion Capital Management LP now owns 5,655 shares of the transportation company’s stock valued at $286,000 after buying an additional 384 shares during the period.
About Atlas Air Worldwide
Atlas Air Worldwide Holdings, Inc, through its subsidiaries, provides outsourced aircraft and aviation operating services. It operates through three segments: ACMI, Charter, and Dry Leasing. The company offers outsourced cargo and passenger aircraft operating solutions, including contractual service arrangements, such as the provision of aircraft; and value-added services, including crew, maintenance, and insurance to aircraft and other customers.
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