Atlas Air Worldwide Holdings (NASDAQ:AAWW) Upgraded to Strong-Buy by ValuEngine

ValuEngine upgraded shares of Atlas Air Worldwide Holdings (NASDAQ:AAWW) from a buy rating to a strong-buy rating in a research note issued to investors on Friday, September 1st.

AAWW has been the topic of several other research reports. Imperial Capital reiterated an outperform rating on shares of Atlas Air Worldwide Holdings in a report on Friday, May 19th. BidaskClub downgraded shares of Atlas Air Worldwide Holdings from a buy rating to a hold rating in a report on Monday, July 31st. Cowen and Company reiterated an outperform rating and issued a $70.00 target price (up previously from $60.00) on shares of Atlas Air Worldwide Holdings in a report on Thursday, August 3rd. Zacks Investment Research downgraded shares of Atlas Air Worldwide Holdings from a hold rating to a sell rating in a report on Tuesday, August 1st. Finally, Susquehanna Bancshares Inc initiated coverage on shares of Atlas Air Worldwide Holdings in a report on Thursday, August 17th. They set a positive rating and a $72.00 price objective on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $70.00.

Shares of Atlas Air Worldwide Holdings (NASDAQ AAWW) opened at 66.05 on Friday. Atlas Air Worldwide Holdings has a 12-month low of $38.54 and a 12-month high of $68.25. The company’s 50-day moving average price is $64.44 and its 200 day moving average price is $56.51. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of 28.23 and a beta of 1.40.

Atlas Air Worldwide Holdings (NASDAQ:AAWW) last released its quarterly earnings data on Wednesday, August 2nd. The transportation company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.24. The business had revenue of $517.37 million during the quarter, compared to analyst estimates of $500.44 million. Atlas Air Worldwide Holdings had a net margin of 2.98% and a return on equity of 8.11%. Atlas Air Worldwide Holdings’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.80 EPS. On average, equities research analysts forecast that Atlas Air Worldwide Holdings will post $4.84 EPS for the current fiscal year.

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In other Atlas Air Worldwide Holdings news, Director Duncan J. Mcnabb sold 1,000 shares of the business’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $60.65, for a total value of $60,650.00. Following the transaction, the director now directly owns 12,969 shares in the company, valued at $786,569.85. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Adam Richard Kokas sold 5,000 shares of the business’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $65.90, for a total transaction of $329,500.00. Following the completion of the transaction, the executive vice president now owns 25,418 shares in the company, valued at $1,675,046.20. The disclosure for this sale can be found here. In the last three months, insiders sold 41,000 shares of company stock worth $2,458,350. 2.50% of the stock is currently owned by insiders.

Several hedge funds have recently made changes to their positions in the company. Phocas Financial Corp. acquired a new position in shares of Atlas Air Worldwide Holdings during the second quarter worth approximately $5,442,000. Public Employees Retirement System of Ohio lifted its position in shares of Atlas Air Worldwide Holdings by 171.3% during the second quarter. Public Employees Retirement System of Ohio now owns 19,229 shares of the transportation company’s stock worth $1,003,000 after purchasing an additional 12,140 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new position in shares of Atlas Air Worldwide Holdings during the second quarter worth approximately $285,000. State Street Corp lifted its position in shares of Atlas Air Worldwide Holdings by 2.4% during the second quarter. State Street Corp now owns 631,594 shares of the transportation company’s stock worth $32,939,000 after purchasing an additional 14,920 shares in the last quarter. Finally, Intrinsic Edge Capital Management LLC lifted its position in shares of Atlas Air Worldwide Holdings by 171.4% during the second quarter. Intrinsic Edge Capital Management LLC now owns 66,208 shares of the transportation company’s stock worth $3,453,000 after purchasing an additional 41,809 shares in the last quarter. Institutional investors own 96.41% 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).

To view ValuEngine’s full report, visit ValuEngine’s official website.

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

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