Atlas Air Worldwide Holdings (AAWW) Downgraded by Zacks Investment Research to “Hold”
Atlas Air Worldwide Holdings (NASDAQ:AAWW) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Friday.
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. “
Several other analysts have also recently issued reports on the company. RBC Capital Markets reaffirmed a “sector perform” rating and set a $44.00 price objective (down from $49.00) on shares of Atlas Air Worldwide Holdings in a report on Thursday, August 4th. Royal Bank Of Canada decreased their price objective on Atlas Air Worldwide Holdings from $49.00 to $44.00 and set a “sector perform” rating on the stock in a report on Thursday, August 4th. Imperial Capital started coverage on Atlas Air Worldwide Holdings in a report on Thursday. They set an “outperform” rating and a $60.00 price objective on the stock. Cowen and Company upped their price objective on Atlas Air Worldwide Holdings from $42.00 to $45.00 and gave the stock a “market perform” rating in a report on Friday, November 4th. Finally, Stifel Nicolaus started coverage on Atlas Air Worldwide Holdings in a report on Thursday, August 25th. They set a “buy” rating and a $49.00 price objective on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $49.83.
Atlas Air Worldwide Holdings (NASDAQ:AAWW) traded up 0.79% during trading on Friday, reaching $50.85. 202,151 shares of the company traded hands. Atlas Air Worldwide Holdings has a 52 week low of $31.99 and a 52 week high of $57.77. The firm’s market capitalization is $1.26 billion. The company’s 50-day moving average price is $43.60 and its 200 day moving average price is $41.54.
Atlas Air Worldwide Holdings (NASDAQ:AAWW) last posted its quarterly earnings results on Thursday, November 3rd. The company reported $1.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.14 by $0.05. Atlas Air Worldwide Holdings had a positive return on equity of 6.45% and a negative net margin of 1.37%. The business earned $448.02 million during the quarter, compared to the consensus estimate of $474.76 million. During the same quarter in the previous year, the company earned $1.23 earnings per share. The company’s revenue for the quarter was down .4% compared to the same quarter last year. On average, equities research analysts expect that Atlas Air Worldwide Holdings will post $4.45 EPS for the current year.
In other Atlas Air Worldwide Holdings news, Director John K. Wulff acquired 5,000 shares of the company’s stock in a transaction on Monday, August 29th. The shares were bought at an average cost of $35.90 per share, with a total value of $179,500.00. Following the completion of the acquisition, the director now owns 25,000 shares in the company, valued at $897,500. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.10% of the stock is owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the stock. PineBridge Investments L.P. increased 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 boosted its stake in shares of 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 worth $141,000 after buying an additional 3,000 shares during the period. Barnett & Company Inc. bought a new stake in shares of Atlas Air Worldwide Holdings during the first quarter worth approximately $158,000. Mason Street Advisors LLC bought a new stake in shares of Atlas Air Worldwide Holdings during the second quarter worth approximately $201,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Atlas Air Worldwide Holdings during the second quarter worth approximately $205,000. 96.16% of the stock is owned by hedge funds and other institutional investors.
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.
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