Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW)’s stock price traded up 5.7% during trading on Friday . The company traded as high as $26.10 and last traded at $26.06, 467,566 shares changed hands during mid-day trading. An increase of 26% from the average session volume of 371,026 shares. The stock had previously closed at $24.65.
AAWW has been the subject of several recent research reports. Wolfe Research raised shares of Atlas Air Worldwide from an “underperform” rating to a “peer perform” rating in a research note on Friday, October 4th. BidaskClub cut Atlas Air Worldwide from a “hold” rating to a “sell” rating in a research note on Thursday. Cowen dropped their price target on shares of Atlas Air Worldwide from $50.00 to $39.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Susquehanna Bancshares cut Atlas Air Worldwide from a “positive” rating to a “neutral” rating and dropped their price objective for the stock from $43.00 to $30.00 in a report on Tuesday, September 17th. Finally, Stifel Nicolaus set a $38.00 target price on shares of Atlas Air Worldwide and gave the stock a “buy” rating in a research report on Friday, November 1st. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $43.00.
The stock has a market cap of $664.11 million, a P/E ratio of 3.58 and a beta of 2.17. The firm has a 50 day moving average price of $24.87 and a 200 day moving average price of $31.42. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 1.12.
In related news, CFO Spencer Schwartz sold 6,500 shares of the business’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $21.84, for a total transaction of $141,960.00. Following the completion of the transaction, the chief financial officer now owns 28,741 shares in the company, valued at approximately $627,703.44. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 19,500 shares of company stock valued at $476,255. 2.10% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Atlas Air Worldwide by 6.0% in the second quarter. Vanguard Group Inc. now owns 2,617,891 shares of the transportation company’s stock valued at $116,862,000 after acquiring an additional 147,627 shares in the last quarter. Donald Smith & CO. Inc. bought a new position in Atlas Air Worldwide during the 3rd quarter worth about $30,428,000. LSV Asset Management grew its holdings in Atlas Air Worldwide by 0.6% during the 2nd quarter. LSV Asset Management now owns 1,154,706 shares of the transportation company’s stock worth $51,546,000 after acquiring an additional 7,200 shares in the last quarter. State Street Corp increased its holdings in Atlas Air Worldwide by 2.1% during the third quarter. State Street Corp now owns 834,485 shares of the transportation company’s stock valued at $21,054,000 after buying an additional 16,937 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its holdings in Atlas Air Worldwide by 8.0% during the second quarter. Parametric Portfolio Associates LLC now owns 417,327 shares of the transportation company’s stock worth $18,629,000 after buying an additional 30,920 shares during the period. Hedge funds and other institutional investors own 98.16% of the company’s stock.
About Atlas Air Worldwide (NASDAQ:AAWW)
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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