LSV Asset Management lifted its stake in shares of Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) by 7.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 1,041,783 shares of the transportation company’s stock after acquiring an additional 74,900 shares during the quarter. LSV Asset Management’s holdings in Atlas Air Worldwide were worth $66,413,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Schwab Charles Investment Management Inc. increased its position in shares of Atlas Air Worldwide by 7.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 225,630 shares of the transportation company’s stock worth $16,178,000 after acquiring an additional 16,091 shares in the last quarter. Emerald Mutual Fund Advisers Trust increased its position in shares of Atlas Air Worldwide by 33.8% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 369,446 shares of the transportation company’s stock worth $23,552,000 after acquiring an additional 93,254 shares in the last quarter. Strs Ohio increased its position in shares of Atlas Air Worldwide by 14.3% during the third quarter. Strs Ohio now owns 80,000 shares of the transportation company’s stock worth $5,100,000 after acquiring an additional 10,000 shares in the last quarter. Thompson Siegel & Walmsley LLC bought a new stake in shares of Atlas Air Worldwide during the second quarter worth $344,000. Finally, State of New Jersey Common Pension Fund D increased its position in shares of Atlas Air Worldwide by 5.6% during the third quarter. State of New Jersey Common Pension Fund D now owns 950,000 shares of the transportation company’s stock worth $60,563,000 after acquiring an additional 50,000 shares in the last quarter.

A number of research firms recently weighed in on AAWW. ValuEngine downgraded shares of Atlas Air Worldwide from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 15th. Zacks Investment Research raised shares of Atlas Air Worldwide from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a research report on Wednesday, November 7th. BidaskClub raised shares of Atlas Air Worldwide from a “strong sell” rating to a “sell” rating in a research report on Friday, September 7th. Wolfe Research downgraded shares of Atlas Air Worldwide from a “peer perform” rating to an “underperform” rating in a research report on Friday, October 5th. Finally, Imperial Capital decreased their target price on shares of Atlas Air Worldwide from $91.00 to $74.00 and set an “outperform” rating for the company in a research report on Tuesday, November 6th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating and six have assigned a buy rating to the stock. Atlas Air Worldwide currently has a consensus rating of “Hold” and a consensus target price of $72.67.

Atlas Air Worldwide stock opened at $55.23 on Friday. The firm has a market capitalization of $1.40 billion, a P/E ratio of 11.20 and a beta of 1.52. Atlas Air Worldwide Holdings, Inc. has a 1-year low of $48.19 and a 1-year high of $75.29. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.23.

Atlas Air Worldwide (NASDAQ:AAWW) last released its earnings results on Thursday, November 1st. The transportation company reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.18. The business had revenue of $656.61 million during the quarter, compared to the consensus estimate of $664.70 million. Atlas Air Worldwide had a net margin of 10.59% and a return on equity of 10.20%. The firm’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.08 earnings per share. On average, research analysts anticipate that Atlas Air Worldwide Holdings, Inc. will post 7.05 earnings per share for the current year.

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Atlas Air Worldwide Profile

Atlas Air Worldwide Holdings, Inc, through its subsidiaries, provides outsourced aircraft and aviation operating services worldwide. It operates through three segments: ACMI, Charter, and Dry Leasing. The company offers outsourced cargo and passenger aircraft operating solutions comprising contractual service arrangements, which include the provision of aircraft; and value-added services, such as crew, maintenance, and insurance to aircraft and other customers.

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

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