Phocas Financial Corp. purchased a new position in Atlas Air Worldwide Holdings (NASDAQ:AAWW) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 104,356 shares of the transportation company’s stock, valued at approximately $5,442,000. Phocas Financial Corp. owned approximately 0.41% of Atlas Air Worldwide Holdings at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Municipal Employees Retirement System of Michigan lifted its holdings in shares of Atlas Air Worldwide Holdings by 1.2% in the first quarter. Municipal Employees Retirement System of Michigan now owns 5,710 shares of the transportation company’s stock worth $317,000 after buying an additional 70 shares in the last quarter. Capstone Asset Management Co. lifted its holdings in shares of Atlas Air Worldwide Holdings by 0.9% in the second quarter. Capstone Asset Management Co. now owns 8,990 shares of the transportation company’s stock worth $469,000 after buying an additional 80 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of Atlas Air Worldwide Holdings by 1.0% in the second quarter. Louisiana State Employees Retirement System now owns 10,300 shares of the transportation company’s stock worth $537,000 after buying an additional 100 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of Atlas Air Worldwide Holdings by 0.8% in the second quarter. Arizona State Retirement System now owns 13,223 shares of the transportation company’s stock worth $690,000 after buying an additional 100 shares in the last quarter. Finally, Oppenheimer & Co. Inc. lifted its holdings in shares of Atlas Air Worldwide Holdings by 1.0% in the first quarter. Oppenheimer & Co. Inc. now owns 14,890 shares of the transportation company’s stock worth $826,000 after buying an additional 150 shares in the last quarter. 96.41% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Atlas Air Worldwide Holdings (NASDAQ AAWW) traded down 1.93% during midday trading on Tuesday, hitting $63.45. 48,892 shares of the stock were exchanged. The firm’s 50 day moving average price is $66.31 and its 200-day moving average price is $58.20. The stock has a market cap of $1.60 billion, a P/E ratio of 27.12 and a beta of 1.40. 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 EPS for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.24. Atlas Air Worldwide Holdings had a return on equity of 8.11% and a net margin of 2.98%. The company had revenue of $517.37 million for the quarter, compared to analysts’ expectations of $500.44 million. During the same period in the previous year, the firm earned $0.80 EPS. The firm’s revenue was up 16.7% compared to the same quarter last year. On average, equities research analysts expect that Atlas Air Worldwide Holdings will post $4.83 earnings per share for the current fiscal year.

In related news, EVP Adam Richard Kokas sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $66.40, for a total value of $664,000.00. Following the transaction, the executive vice president now directly owns 25,418 shares of the company’s stock, valued at approximately $1,687,755.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO William J. Flynn sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $65.59, for a total value of $327,950.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 36,000 shares of company stock worth $2,292,500. 2.50% of the stock is owned by insiders.

A number of brokerages have recently issued reports on AAWW. Susquehanna Bancshares Inc began coverage on shares of Atlas Air Worldwide Holdings in a report on Thursday, August 17th. They issued a “positive” rating and a $72.00 price target on the stock. BidaskClub downgraded shares of Atlas Air Worldwide Holdings from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Cowen and Company reissued an “outperform” rating and issued a $70.00 price target (up from $60.00) on shares of Atlas Air Worldwide Holdings in a report on Thursday, August 3rd. ValuEngine raised shares of Atlas Air Worldwide Holdings from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Finally, Zacks Investment Research downgraded shares of Atlas Air Worldwide Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Atlas Air Worldwide Holdings currently has a consensus rating of “Buy” and an average price target of $70.00.

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Atlas Air Worldwide Holdings Profile

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).

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

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