Parallel Advisors LLC increased its position in shares of Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) by 273.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 731 shares of the transportation company’s stock after buying an additional 535 shares during the period. Parallel Advisors LLC’s holdings in Atlas Air Worldwide were worth $33,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in AAWW. SCW Capital Management LP acquired a new position in Atlas Air Worldwide in the first quarter valued at approximately $1,263,000. Dynamic Technology Lab Private Ltd lifted its holdings in shares of Atlas Air Worldwide by 7.7% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 16,692 shares of the transportation company’s stock valued at $844,000 after buying an additional 1,195 shares during the period. Signia Capital Management LLC lifted its holdings in shares of Atlas Air Worldwide by 2.6% in the 1st quarter. Signia Capital Management LLC now owns 122,418 shares of the transportation company’s stock valued at $6,190,000 after buying an additional 3,050 shares during the period. Laurion Capital Management LP lifted its holdings in shares of 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. Finally, GYL Financial Synergies LLC acquired a new stake in shares of Atlas Air Worldwide in the 1st quarter valued at approximately $1,294,000.
In other Atlas Air Worldwide news, CFO Spencer Schwartz sold 6,500 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $45.80, for a total transaction of $297,700.00. Following the completion of the sale, the chief financial officer now owns 48,541 shares of the company’s stock, valued at $2,223,177.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.10% of the stock is owned by insiders.
Atlas Air Worldwide (NASDAQ:AAWW) last released its quarterly earnings results on Thursday, August 1st. The transportation company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.40). The company had revenue of $663.92 million for the quarter, compared to analysts’ expectations of $713.31 million. Atlas Air Worldwide had a return on equity of 8.05% and a net margin of 12.27%. The business’s quarterly revenue was down .3% on a year-over-year basis. During the same period in the previous year, the business posted $1.75 EPS. Equities research analysts predict that Atlas Air Worldwide Holdings, Inc. will post 6.82 earnings per share for the current year.
Several analysts have recently commented on the company. Imperial Capital reissued an “outperform” rating and issued a $65.00 price target (down from $79.00) on shares of Atlas Air Worldwide in a report on Friday, May 3rd. They noted that the move was a valuation call. Cowen reaffirmed an “outperform” rating and set a $68.00 price objective on shares of Atlas Air Worldwide in a report on Friday, August 2nd. Zacks Investment Research cut Atlas Air Worldwide from a “hold” rating to a “sell” rating in a report on Friday, August 2nd. Finally, BidaskClub cut Atlas Air Worldwide from a “hold” rating to a “sell” rating in a report on Wednesday, August 14th. Four research analysts have rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $65.80.
Atlas Air Worldwide Company Profile
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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