ValuEngine cut shares of Atlas Air Worldwide Holdings (NASDAQ:AAWW) from a strong-buy rating to a buy rating in a research report sent to investors on Tuesday.

Several other equities analysts have also recently issued reports on AAWW. Cowen and Company reiterated an outperform rating and set a $70.00 target price (up previously from $60.00) on shares of Atlas Air Worldwide Holdings in a research report on Thursday, August 3rd. BidaskClub cut Atlas Air Worldwide Holdings from a buy rating to a hold rating in a research report on Monday, July 31st. Stifel Nicolaus upgraded Atlas Air Worldwide Holdings from a hold rating to a buy rating and set a $69.00 target price on the stock in a research report on Tuesday, November 7th. Zacks Investment Research upgraded Atlas Air Worldwide Holdings from a hold rating to a buy rating and set a $74.00 target price on the stock in a research report on Monday, August 7th. Finally, Susquehanna Bancshares Inc began coverage on Atlas Air Worldwide Holdings in a research report on Thursday, August 17th. They set a positive rating and a $72.00 target price on the stock. Two 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. Atlas Air Worldwide Holdings presently has an average rating of Hold and a consensus target price of $70.00.

Atlas Air Worldwide Holdings (AAWW) traded down $1.00 during midday trading on Tuesday, reaching $52.75. The company’s stock had a trading volume of 486,500 shares, compared to its average volume of 282,317. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.66 and a quick ratio of 0.66. Atlas Air Worldwide Holdings has a 52 week low of $45.45 and a 52 week high of $68.70. The firm has a market cap of $1,330.00, a PE ratio of 11.39 and a beta of 1.45.

Atlas Air Worldwide Holdings (NASDAQ:AAWW) last released its earnings results on Tuesday, November 7th. The transportation company reported $1.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.13 by ($0.05). Atlas Air Worldwide Holdings had a return on equity of 8.14% and a net margin of 2.06%. The business had revenue of $535.70 million for the quarter, compared to analyst estimates of $521.29 million. During the same quarter in the previous year, the firm posted $1.09 EPS. The business’s revenue for the quarter was up 19.6% on a year-over-year basis. research analysts predict that Atlas Air Worldwide Holdings will post 4.64 earnings per share for the current year.

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In other Atlas Air Worldwide Holdings news, EVP Adam Richard Kokas sold 10,000 shares of the stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $66.40, for a total transaction of $664,000.00. Following the sale, the executive vice president now owns 25,418 shares in the company, valued at approximately $1,687,755.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO William J. Flynn sold 5,000 shares of the stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $66.19, for a total value of $330,950.00. Following the sale, 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. In the last 90 days, insiders sold 40,000 shares of company stock worth $2,599,150. Insiders own 2.50% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Atlas Air Worldwide Holdings by 5.5% in the 1st quarter. Vanguard Group Inc. now owns 2,195,742 shares of the transportation company’s stock valued at $121,754,000 after purchasing an additional 114,422 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Atlas Air Worldwide Holdings by 6.1% in the first quarter. Geode Capital Management LLC now owns 211,116 shares of the transportation company’s stock worth $11,706,000 after acquiring an additional 12,170 shares during the last quarter. Renaissance Technologies LLC bought a new position in Atlas Air Worldwide Holdings in the first quarter worth about $5,606,000. BlackRock Inc. lifted its holdings in Atlas Air Worldwide Holdings by 51,032.3% in the first quarter. BlackRock Inc. now owns 3,013,229 shares of the transportation company’s stock worth $167,084,000 after acquiring an additional 3,007,336 shares during the last quarter. Finally, KCG Holdings Inc. lifted its holdings in Atlas Air Worldwide Holdings by 20.5% in the first quarter. KCG Holdings Inc. now owns 4,998 shares of the transportation company’s stock worth $277,000 after acquiring an additional 849 shares during the last quarter. 96.40% of the stock is currently owned by institutional investors and hedge funds.

Atlas Air Worldwide Holdings Company 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).

Analyst Recommendations for Atlas Air Worldwide Holdings (NASDAQ:AAWW)

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