State of New Jersey Common Pension Fund D Grows Stake in Atlas Air Worldwide Holdings, Inc. (AAWW)

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.

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

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