6 Meridian Purchases New Position in Atlas Air Worldwide Holdings, Inc. (AAWW)

6 Meridian purchased a new stake in Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,213 shares of the transportation company’s stock, valued at approximately $213,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. LSV Asset Management raised its position in Atlas Air Worldwide by 4.6% during the 4th quarter. LSV Asset Management now owns 1,089,506 shares of the transportation company’s stock worth $45,966,000 after purchasing an additional 47,723 shares during the last quarter. Virtu Financial LLC bought a new position in Atlas Air Worldwide during the 4th quarter worth $235,000. Paloma Partners Management Co raised its position in Atlas Air Worldwide by 161.6% during the 3rd quarter. Paloma Partners Management Co now owns 8,700 shares of the transportation company’s stock worth $555,000 after purchasing an additional 5,374 shares during the last quarter. Macquarie Group Ltd. bought a new position in Atlas Air Worldwide during the 3rd quarter worth $1,536,000. Finally, Anchor Capital Advisors LLC raised its position in Atlas Air Worldwide by 21.5% during the 4th quarter. Anchor Capital Advisors LLC now owns 25,324 shares of the transportation company’s stock worth $1,068,000 after purchasing an additional 4,488 shares during the last quarter.

AAWW stock opened at $49.73 on Tuesday. Atlas Air Worldwide Holdings, Inc. has a 1-year low of $35.59 and a 1-year high of $75.29. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.77 and a quick ratio of 0.77. The stock has a market capitalization of $1.31 billion, a PE ratio of 6.84 and a beta of 1.83.

Atlas Air Worldwide (NASDAQ:AAWW) last posted its quarterly earnings data on Tuesday, February 19th. The transportation company reported $3.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.90 by $0.22. Atlas Air Worldwide had a return on equity of 10.91% and a net margin of 10.10%. The firm had revenue of $765.00 million during the quarter, compared to analyst estimates of $756.48 million. During the same period last year, the company posted $2.43 EPS. The business’s quarterly revenue was up 21.8% on a year-over-year basis. Analysts expect that Atlas Air Worldwide Holdings, Inc. will post 7.54 earnings per share for the current year.

Several brokerages recently issued reports on AAWW. BidaskClub lowered Atlas Air Worldwide from a “sell” rating to a “strong sell” rating in a research report on Thursday, March 14th. ValuEngine lowered Atlas Air Worldwide from a “sell” rating to a “strong sell” rating in a research report on Thursday, March 14th. Imperial Capital reaffirmed an “outperform” rating and set a $76.00 target price (up from $74.00) on shares of Atlas Air Worldwide in a research report on Thursday, January 31st. Zacks Investment Research raised Atlas Air Worldwide from a “sell” rating to a “hold” rating in a research report on Friday, January 25th. Finally, Stifel Nicolaus set a $68.00 target price on Atlas Air Worldwide and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $70.40.

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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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Institutional Ownership by Quarter for Atlas Air Worldwide (NASDAQ:AAWW)

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