Wesbanco Bank Inc. cut its position in shares of Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) by 36.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,120 shares of the transportation company’s stock after selling 18,637 shares during the period. Wesbanco Bank Inc.’s holdings in Atlas Air Worldwide were worth $1,355,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of AAWW. Raymond James & Associates boosted its stake in Atlas Air Worldwide by 33.6% in the second quarter. Raymond James & Associates now owns 19,050 shares of the transportation company’s stock valued at $1,366,000 after acquiring an additional 4,794 shares in the last quarter. Northern Trust Corp grew its stake in Atlas Air Worldwide by 2.9% during the second quarter. Northern Trust Corp now owns 306,524 shares of the transportation company’s stock worth $21,978,000 after purchasing an additional 8,557 shares during the period. Bank of Montreal Can grew its stake in Atlas Air Worldwide by 8.9% during the third quarter. Bank of Montreal Can now owns 61,776 shares of the transportation company’s stock worth $3,939,000 after purchasing an additional 5,038 shares during the period. New Jersey Better Educational Savings Trust boosted its holdings in Atlas Air Worldwide by 25.0% in the third quarter. New Jersey Better Educational Savings Trust now owns 10,000 shares of the transportation company’s stock worth $638,000 after acquiring an additional 2,000 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its holdings in Atlas Air Worldwide by 5.6% in 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.

Shares of AAWW stock traded up $0.48 during trading hours on Monday, reaching $52.06. The company had a trading volume of 1,367 shares, compared to its average volume of 253,115. Atlas Air Worldwide Holdings, Inc. has a 12 month low of $35.59 and a 12 month 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. The firm has a market capitalization of $1.32 billion, a PE ratio of 10.51 and a beta of 1.72.

Several brokerages have issued reports on AAWW. BidaskClub upgraded Atlas Air Worldwide from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. Zacks Investment Research lowered Atlas Air Worldwide from a “hold” rating to a “sell” rating in a report on Monday, January 7th. Imperial Capital reiterated an “outperform” rating and issued a $76.00 price target (up previously from $74.00) on shares of Atlas Air Worldwide in a report on Thursday, January 31st. Finally, ValuEngine upgraded Atlas Air Worldwide from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. Atlas Air Worldwide presently has a consensus rating of “Hold” and a consensus price target of $73.20.

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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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