Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) has earned a consensus rating of “Hold” from the ten analysts that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $53.60.
AAWW has been the subject of several research reports. ValuEngine upgraded shares of Atlas Air Worldwide from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Cowen restated an “outperform” rating and set a $68.00 price target on shares of Atlas Air Worldwide in a research report on Friday, August 2nd. Susquehanna Bancshares lowered shares of Atlas Air Worldwide from a “positive” rating to a “neutral” rating and reduced their price target for the company from $43.00 to $30.00 in a research report on Tuesday, September 17th. Stifel Nicolaus reduced their price target on shares of Atlas Air Worldwide from $54.00 to $39.00 and set a “buy” rating for the company in a research report on Tuesday, September 24th. Finally, BidaskClub lowered shares of Atlas Air Worldwide from a “sell” rating to a “strong sell” rating in a research report on Friday, October 11th.
In other Atlas Air Worldwide news, CFO Spencer Schwartz sold 6,500 shares of the stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $25.20, for a total transaction of $163,800.00. Following the completion of the transaction, the chief financial officer now owns 35,241 shares in the company, valued at $888,073.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders have sold 19,500 shares of company stock valued at $630,695. 2.20% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the business. Parallel Advisors LLC boosted its position in Atlas Air Worldwide by 273.0% during the second quarter. Parallel Advisors LLC now owns 731 shares of the transportation company’s stock worth $33,000 after purchasing an additional 535 shares during the period. Flinton Capital Management LLC boosted its position in Atlas Air Worldwide by 34.9% during the second quarter. Flinton Capital Management LLC now owns 4,208 shares of the transportation company’s stock worth $188,000 after purchasing an additional 1,088 shares during the period. Riverhead Capital Management LLC boosted its position in Atlas Air Worldwide by 35.1% during the second quarter. Riverhead Capital Management LLC now owns 4,620 shares of the transportation company’s stock worth $206,000 after purchasing an additional 1,200 shares during the period. Paloma Partners Management Co bought a new position in Atlas Air Worldwide during the second quarter worth about $236,000. Finally, Investors Research Corp boosted its position in Atlas Air Worldwide by 4.8% during the second quarter. Investors Research Corp now owns 5,450 shares of the transportation company’s stock worth $243,000 after purchasing an additional 250 shares during the period.
Shares of NASDAQ AAWW traded up $0.09 during trading on Thursday, hitting $22.64. The stock had a trading volume of 217,049 shares, compared to its average volume of 541,494. Atlas Air Worldwide has a 12 month low of $20.61 and a 12 month high of $60.72. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.49 and a quick ratio of 0.49. The company has a market capitalization of $583.01 million, a PE ratio of 3.11 and a beta of 2.22. The firm has a fifty day moving average of $24.73 and a two-hundred day moving average of $36.82.
Atlas Air Worldwide (NASDAQ:AAWW) last posted its earnings results on Thursday, August 1st. The transportation company reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.40). Atlas Air Worldwide had a return on equity of 8.05% and a net margin of 12.27%. The firm had revenue of $663.92 million during the quarter, compared to the consensus estimate of $713.31 million. During the same quarter in the previous year, the company earned $1.75 EPS. The business’s revenue was down .3% compared to the same quarter last year. On average, equities analysts expect that Atlas Air Worldwide will post 5.55 earnings per share for the current fiscal year.
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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