State of New Jersey Common Pension Fund D boosted its holdings in shares of Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) by 1.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,120,000 shares of the transportation company’s stock after buying an additional 20,000 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 4.33% of Atlas Air Worldwide worth $56,627,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of AAWW. Group One Trading L.P. increased its holdings in Atlas Air Worldwide by 122.4% during the fourth quarter. Group One Trading L.P. now owns 583 shares of the transportation company’s stock valued at $25,000 after buying an additional 3,183 shares during the period. Quantamental Technologies LLC acquired a new stake in Atlas Air Worldwide in the fourth quarter valued at approximately $38,000. Flinton Capital Management LLC boosted its stake in Atlas Air Worldwide by 26.6% in the fourth quarter. Flinton Capital Management LLC now owns 3,120 shares of the transportation company’s stock valued at $132,000 after acquiring an additional 656 shares in the last quarter. 6 Meridian acquired a new stake in Atlas Air Worldwide in the first quarter valued at approximately $213,000. Finally, Virtu Financial LLC acquired a new stake in Atlas Air Worldwide in the fourth quarter valued at approximately $235,000.
AAWW has been the subject of several recent analyst reports. BidaskClub downgraded shares of Atlas Air Worldwide from a “sell” rating to a “strong sell” rating in a research note on Thursday, March 14th. Stifel Nicolaus set a $68.00 target price on shares of Atlas Air Worldwide and gave the company a “buy” rating in a research note on Tuesday, March 5th. Zacks Investment Research downgraded shares of Atlas Air Worldwide from a “hold” rating to a “sell” rating in a research note on Tuesday, February 5th. ValuEngine upgraded shares of Atlas Air Worldwide from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Finally, Imperial Capital restated an “outperform” rating and issued a $76.00 target price (up from $74.00) on shares of Atlas Air Worldwide in a research note on Thursday, January 31st. Three research analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. Atlas Air Worldwide currently has an average rating of “Hold” and a consensus price target of $67.67.
In related news, Director John K. Wulff acquired 5,000 shares of the stock in a transaction dated Tuesday, May 21st. The stock was acquired at an average cost of $39.75 per share, for a total transaction of $198,750.00. Following the completion of the purchase, the director now owns 24,979 shares of the company’s stock, valued at approximately $992,915.25. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 2.20% of the company’s stock.
Shares of NASDAQ:AAWW traded down $1.36 on Wednesday, hitting $37.51. 461,100 shares of the company were exchanged, compared to its average volume of 291,377. 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 current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $996.39 million, a P/E ratio of 5.16 and a beta of 1.77.
Atlas Air Worldwide (NASDAQ:AAWW) last posted its quarterly earnings data on Wednesday, May 1st. The transportation company reported $0.98 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.12. Atlas Air Worldwide had a net margin of 8.36% and a return on equity of 10.76%. The business had revenue of $679.70 million during the quarter, compared to the consensus estimate of $679.72 million. During the same period in the previous year, the firm posted $0.86 earnings per share. The business’s revenue for the quarter was up 15.2% compared to the same quarter last year. Equities analysts forecast that Atlas Air Worldwide Holdings, Inc. will post 7.12 EPS for the current year.
Atlas Air Worldwide Profile
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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