Intrinsic Edge Capital Management LLC boosted its holdings in shares of Atlas Air Worldwide Holdings (NASDAQ:AAWW) by 171.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 66,208 shares of the transportation company’s stock after purchasing an additional 41,809 shares during the quarter. Intrinsic Edge Capital Management LLC owned approximately 0.26% of Atlas Air Worldwide Holdings worth $3,453,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of AAWW. Lonestar Capital Management LLC purchased a new position in shares of Atlas Air Worldwide Holdings in the second quarter valued at approximately $6,258,000. UBS Oconnor LLC acquired a new stake in shares of Atlas Air Worldwide Holdings in the second quarter valued at approximately $1,699,000. Voya Investment Management LLC increased its holdings in shares of Atlas Air Worldwide Holdings by 20.0% in the second quarter. Voya Investment Management LLC now owns 463,317 shares of the transportation company’s stock valued at $24,163,000 after purchasing an additional 77,155 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Atlas Air Worldwide Holdings by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,130,850 shares of the transportation company’s stock valued at $111,122,000 after purchasing an additional 11,726 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of Atlas Air Worldwide Holdings by 194.1% in the second quarter. Renaissance Technologies LLC now owns 297,296 shares of the transportation company’s stock valued at $15,504,000 after purchasing an additional 196,196 shares during the last quarter. Institutional investors own 96.41% of the company’s stock.

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Several equities research analysts recently commented on the company. Cowen and Company reaffirmed a “hold” rating and issued a $70.00 price target on shares of Atlas Air Worldwide Holdings in a report on Tuesday, September 5th. ValuEngine raised Atlas Air Worldwide Holdings from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $69.00 price objective on shares of Atlas Air Worldwide Holdings in a research note on Tuesday, September 12th. Zacks Investment Research raised Atlas Air Worldwide Holdings from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a research note on Monday, August 7th. Finally, Susquehanna Bancshares Inc assumed coverage on Atlas Air Worldwide Holdings in a research note on Thursday, August 17th. They issued a “positive” rating and a $72.00 price objective for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $70.00.

In other news, EVP Adam Richard Kokas sold 10,000 shares of the firm’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $66.40, for a total transaction of $664,000.00. Following the transaction, the executive vice president now owns 25,418 shares in the company, valued at approximately $1,687,755.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William J. Flynn sold 5,000 shares of the firm’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $66.19, for a total transaction of $330,950.00. Following the transaction, the chief executive officer now owns 191,958 shares in the company, valued at approximately $12,705,700.02. The disclosure for this sale can be found here. Insiders sold a total of 41,000 shares of company stock valued at $2,528,300 in the last ninety days. Company insiders own 2.50% of the company’s stock.

Atlas Air Worldwide Holdings (NASDAQ:AAWW) traded down 2.13% during trading on Thursday, reaching $66.60. The company’s stock had a trading volume of 77,562 shares. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 28.46 and a beta of 1.40. The firm has a 50 day moving average of $65.58 and a 200 day moving average of $57.49. Atlas Air Worldwide Holdings has a 52 week low of $40.25 and a 52 week high of $68.70.

Atlas Air Worldwide Holdings (NASDAQ:AAWW) last posted its quarterly earnings results on Wednesday, August 2nd. The transportation company reported $1.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.24. Atlas Air Worldwide Holdings had a net margin of 2.98% and a return on equity of 8.11%. The firm had revenue of $517.37 million for the quarter, compared to analyst estimates of $500.44 million. During the same quarter in the previous year, the business posted $0.80 earnings per share. The firm’s quarterly revenue was up 16.7% compared to the same quarter last year. Analysts expect that Atlas Air Worldwide Holdings will post $4.83 EPS for the current year.

About Atlas Air Worldwide Holdings

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).

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

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