Atlas Air Worldwide Holdings (AAWW) Stock Rating Lowered by ValuEngine

Atlas Air Worldwide Holdings (NASDAQ:AAWW) was downgraded by ValuEngine from a “strong-buy” rating to a “buy” rating in a report issued on Tuesday.

Other equities analysts also recently issued research reports about the company. Zacks Investment Research upgraded Atlas Air Worldwide Holdings from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a research report on Monday, August 7th. Stifel Nicolaus upgraded Atlas Air Worldwide Holdings from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a research report on Tuesday, November 7th. Cowen and Company reiterated a “hold” rating on shares of Atlas Air Worldwide Holdings in a research report on Thursday, October 12th. BidaskClub downgraded Atlas Air Worldwide Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Susquehanna Bancshares Inc initiated coverage on Atlas Air Worldwide Holdings in a research report on Thursday, August 17th. They set a “positive” rating and a $72.00 price target on the stock. Two analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $70.00.

Shares of Atlas Air Worldwide Holdings (NASDAQ:AAWW) opened at $52.95 on Tuesday. Atlas Air Worldwide Holdings has a one year low of $45.45 and a one year high of $68.70. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $1,333.68, a PE ratio of 11.18 and a beta of 1.45.

Atlas Air Worldwide Holdings (NASDAQ:AAWW) last issued its quarterly earnings results on Tuesday, November 7th. The transportation company reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.05). The business had revenue of $535.70 million for the quarter, compared to analysts’ expectations of $521.29 million. Atlas Air Worldwide Holdings had a return on equity of 8.14% and a net margin of 2.06%. The business’s revenue for the quarter was up 19.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.09 EPS. research analysts expect that Atlas Air Worldwide Holdings will post 4.64 EPS for the current fiscal year.

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In other news, CEO William J. Flynn sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $65.59, for a total value of $327,950.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Adam Richard Kokas sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $66.40, for a total value of $664,000.00. Following the completion of the transaction, the executive vice president now owns 25,418 shares in the company, valued at approximately $1,687,755.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 40,000 shares of company stock worth $2,599,150. Company insiders own 2.50% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AAWW. UBS Asset Management Americas Inc. purchased a new position in shares of Atlas Air Worldwide Holdings in the second quarter valued at approximately $201,000. Amalgamated Bank purchased a new position in shares of Atlas Air Worldwide Holdings in the third quarter valued at approximately $208,000. State of Alaska Department of Revenue lifted its position in shares of Atlas Air Worldwide Holdings by 80.0% in the second quarter. State of Alaska Department of Revenue now owns 4,985 shares of the transportation company’s stock valued at $259,000 after acquiring an additional 2,215 shares in the last quarter. New England Research & Management Inc. purchased a new position in shares of Atlas Air Worldwide Holdings in the third quarter valued at approximately $273,000. Finally, KCG Holdings Inc. lifted its position in shares of 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 acquiring an additional 849 shares in the last quarter. Institutional investors and hedge funds own 96.40% of the company’s stock.

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).

Analyst Recommendations for Atlas Air Worldwide Holdings (NASDAQ:AAWW)

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