Atlas Air Worldwide Holdings (NASDAQ:AAWW) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

According to Zacks, “Atlas Air Worldwide Holdings, Inc. is the parent company of Atlas Air and Polar Air Cargo, which together operate the world’s largest fleet of Boeing freighter aircraft. AAWW is principally involved in the airport-to-airport air transportation of heavy freight cargo through its two operating subsidiary airlines, Atlas Air, Inc. and Polar Air Cargo, IncAAWW, through its principal subsidiaries Atlas and Polar, offers scheduled air cargo service, cargo charters, military charters, and ACMI aircraft leasing in which customers receive a dedicated aircraft, crew, maintenance and insurance on a long-term lease basis. “

AAWW has been the subject of several other reports. RBC Capital Markets restated a “sector perform” rating and set a $44.00 price objective (down from $49.00) on shares of Atlas Air Worldwide Holdings in a research report on Thursday, August 4th. Stifel Nicolaus assumed coverage on shares of Atlas Air Worldwide Holdings in a research report on Thursday, August 25th. They set a “buy” rating and a $49.00 price objective for the company. Finally, Royal Bank Of Canada cut their price objective on shares of Atlas Air Worldwide Holdings from $49.00 to $44.00 and set a “sector perform” rating for the company in a research report on Thursday, August 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. Atlas Air Worldwide Holdings currently has an average rating of “Hold” and a consensus target price of $46.60.

Atlas Air Worldwide Holdings (NASDAQ:AAWW) traded up 3.17% during midday trading on Wednesday, hitting $43.30. 169,654 shares of the stock traded hands. The company’s 50-day moving average is $38.27 and its 200 day moving average is $40.83. The firm’s market cap is $1.08 billion. Atlas Air Worldwide Holdings has a 12-month low of $31.99 and a 12-month high of $57.77.

Atlas Air Worldwide Holdings (NASDAQ:AAWW) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.80 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.93 by $0.13. Atlas Air Worldwide Holdings had a positive return on equity of 6.67% and a negative net margin of 1.64%. The firm had revenue of $443.30 million for the quarter, compared to analyst estimates of $473.86 million. During the same quarter in the previous year, the business posted $1.17 earnings per share. Atlas Air Worldwide Holdings’s revenue for the quarter was down 2.8% on a year-over-year basis. On average, analysts anticipate that Atlas Air Worldwide Holdings will post $4.46 EPS for the current fiscal year.

In other Atlas Air Worldwide Holdings news, Director John K. Wulff acquired 5,000 shares of the stock in a transaction dated Monday, August 29th. The stock was acquired at an average price of $35.90 per share, with a total value of $179,500.00. Following the completion of the purchase, the director now owns 25,000 shares in the company, valued at approximately $897,500. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John K. Wulff acquired 10,000 shares of the stock in a transaction dated Wednesday, August 10th. The stock was acquired at an average cost of $35.01 per share, with a total value of $350,100.00. Following the purchase, the director now owns 17,850 shares of the company’s stock, valued at approximately $624,928.50. The disclosure for this purchase can be found here. Company insiders own 2.10% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Acrospire Investment Management LLC acquired a new position in Atlas Air Worldwide Holdings during the first quarter valued at approximately $110,000. PineBridge Investments L.P. raised its position in Atlas Air Worldwide Holdings by 4.5% in the second quarter. PineBridge Investments L.P. now owns 3,146 shares of the company’s stock valued at $131,000 after buying an additional 136 shares during the last quarter. Nisa Investment Advisors LLC raised its position in Atlas Air Worldwide Holdings by 750.0% in the second quarter. Nisa Investment Advisors LLC now owns 3,400 shares of the company’s stock valued at $141,000 after buying an additional 3,000 shares during the last quarter. Barnett & Company Inc. acquired a new position in Atlas Air Worldwide Holdings during the first quarter valued at approximately $158,000. Finally, Mason Street Advisors LLC acquired a new position in Atlas Air Worldwide Holdings during the second quarter valued at approximately $201,000. 96.39% of the stock is owned by institutional investors and hedge funds.

Atlas Air Worldwide Holdings Company Profile

Atlas Air Worldwide Holdings, Inc, (AAWW) is a holding company with a principal operating subsidiary, Atlas Air, Inc (Atlas). The Company is a provider of outsourced aircraft and aviation operating services, operating a fleet of 750 freighters, as well as operating 747 and 767 passenger aircraft and 767 freighters.

5 Day Chart for NASDAQ:AAWW

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