Atlas Air Worldwide Holdings (AAWW) Lowered to “Hold” at Zacks Investment Research

Atlas Air Worldwide Holdings (NASDAQ:AAWW) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

According to Zacks, “Atlas Air Worldwide Holdings, Inc. is the parent company of Atlas Air and Polar Air Cargo, which together operate the world’s largest fleet of Boeing freighter aircraft. AAWW is principally involved in the airport-to-airport air transportation of heavy freight cargo through its two operating subsidiary airlines, Atlas Air, Inc. and Polar Air Cargo, IncAAWW, through its principal subsidiaries Atlas and Polar, offers scheduled air cargo service, cargo charters, military charters, and ACMI aircraft leasing in which customers receive a dedicated aircraft, crew, maintenance and insurance on a long-term lease basis. “

Several other equities analysts also recently weighed in on the company. ValuEngine raised Atlas Air Worldwide Holdings from a “buy” rating to a “strong-buy” rating in a research report 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 report on Tuesday, September 12th. Cowen and Company reaffirmed a “hold” rating and issued a $70.00 price objective on shares of Atlas Air Worldwide Holdings in a research report on Tuesday, September 5th. Susquehanna Bancshares Inc initiated coverage on Atlas Air Worldwide Holdings in a research report on Thursday, August 17th. They issued a “positive” rating and a $72.00 price objective for the company. Finally, BidaskClub raised Atlas Air Worldwide Holdings from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Atlas Air Worldwide Holdings has an average rating of “Buy” and a consensus price target of $70.00.

Shares of Atlas Air Worldwide Holdings (NASDAQ:AAWW) traded up 1.24% during mid-day trading on Tuesday, reaching $65.10. The company’s stock had a trading volume of 216,353 shares. The firm has a market capitalization of $1.64 billion, a P/E ratio of 27.82 and a beta of 1.40. Atlas Air Worldwide Holdings has a 1-year low of $40.25 and a 1-year high of $68.70. The company’s 50-day moving average is $65.94 and its 200 day moving average is $57.83.

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

ILLEGAL ACTIVITY WARNING: This news story was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this news story on another domain, it was stolen and reposted in violation of United States & international trademark and copyright law. The original version of this news story can be viewed at https://ledgergazette.com/2017/10/10/atlas-air-worldwide-holdings-aaww-lowered-to-hold-at-zacks-investment-research.html.

In other Atlas Air Worldwide Holdings news, CEO William J. Flynn sold 5,000 shares of the business’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $57.30, for a total transaction of $286,500.00. Following the completion of the sale, the chief executive officer now owns 201,958 shares of the company’s stock, valued at $11,572,193.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Adam Richard Kokas sold 10,000 shares of the business’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $66.40, for a total value of $664,000.00. Following the sale, the executive vice president now directly owns 25,418 shares of the company’s stock, valued at approximately $1,687,755.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,000 shares of company stock valued at $2,252,800. 2.50% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of the business. State Board of Administration of Florida Retirement System lifted its stake in shares of Atlas Air Worldwide Holdings by 13.5% during the first quarter. State Board of Administration of Florida Retirement System now owns 13,044 shares of the transportation company’s stock worth $723,000 after purchasing an additional 1,554 shares in the last quarter. Karp Capital Management Corp acquired a new position in shares of Atlas Air Worldwide Holdings during the first quarter worth about $832,000. Ameritas Investment Partners Inc. acquired a new position in shares of Atlas Air Worldwide Holdings during the first quarter worth about $107,000. Mason Street Advisors LLC lifted its stake in shares of Atlas Air Worldwide Holdings by 7.5% during the first quarter. Mason Street Advisors LLC now owns 5,876 shares of the transportation company’s stock worth $326,000 after purchasing an additional 411 shares in the last quarter. Finally, Arizona State Retirement System lifted its stake in shares of Atlas Air Worldwide Holdings by 1.5% during the first quarter. Arizona State Retirement System now owns 13,123 shares of the transportation company’s stock worth $728,000 after purchasing an additional 200 shares in the last quarter. 96.41% of the stock is owned by hedge funds and other institutional investors.

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 i

According to Zacks, “Atlas Air Worldwide Holdings, Inc. is the parent company of Atlas Air and Polar Air Cargo, which together operate the world’s largest fleet of Boeing freighter aircraft. AAWW is principally involved in the airport-to-airport air transportation of heavy freight cargo through its two operating subsidiary airlines, Atlas Air, Inc. and Polar Air Cargo, IncAAWW, through its principal subsidiaries Atlas and Polar, offers scheduled air cargo service, cargo charters, military charters, and ACMI aircraft leasing in which customers receive a dedicated aircraft, crew, maintenance and insurance on a long-term lease basis. “

Several other equities analysts also recently weighed in on the company. ValuEngine raised Atlas Air Worldwide Holdings from a “buy” rating to a “strong-buy” rating in a research report 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 report on Tuesday, September 12th. Cowen and Company reaffirmed a “hold” rating and issued a $70.00 price objective on shares of Atlas Air Worldwide Holdings in a research report on Tuesday, September 5th. Susquehanna Bancshares Inc initiated coverage on Atlas Air Worldwide Holdings in a research report on Thursday, August 17th. They issued a “positive” rating and a $72.00 price objective for the company. Finally, BidaskClub raised Atlas Air Worldwide Holdings from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Atlas Air Worldwide Holdings has an average rating of “Buy” and a consensus price target of $70.00.

Shares of Atlas Air Worldwide Holdings (NASDAQ:AAWW) traded up 1.24% during mid-day trading on Tuesday, reaching $65.10. The company’s stock had a trading volume of 216,353 shares. The firm has a market capitalization of $1.64 billion, a P/E ratio of 27.82 and a beta of 1.40. Atlas Air Worldwide Holdings has a 1-year low of $40.25 and a 1-year high of $68.70. The company’s 50-day moving average is $65.94 and its 200 day moving average is $57.83.

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

ILLEGAL ACTIVITY WARNING: This news story was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this news story on another domain, it was stolen and reposted in violation of United States & international trademark and copyright law. The original version of this news story can be viewed at https://ledgergazette.com/2017/10/10/atlas-air-worldwide-holdings-aaww-lowered-to-hold-at-zacks-investment-research.html.

In other Atlas Air Worldwide Holdings news, CEO William J. Flynn sold 5,000 shares of the business’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $57.30, for a total transaction of $286,500.00. Following the completion of the sale, the chief executive officer now owns 201,958 shares of the company’s stock, valued at $11,572,193.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Adam Richard Kokas sold 10,000 shares of the business’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $66.40, for a total value of $664,000.00. Following the sale, the executive vice president now directly owns 25,418 shares of the company’s stock, valued at approximately $1,687,755.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,000 shares of company stock valued at $2,252,800. 2.50% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of the business. State Board of Administration of Florida Retirement System lifted its stake in shares of Atlas Air Worldwide Holdings by 13.5% during the first quarter. State Board of Administration of Florida Retirement System now owns 13,044 shares of the transportation company’s stock worth $723,000 after purchasing an additional 1,554 shares in the last quarter. Karp Capital Management Corp acquired a new position in shares of Atlas Air Worldwide Holdings during the first quarter worth about $832,000. Ameritas Investment Partners Inc. acquired a new position in shares of Atlas Air Worldwide Holdings during the first quarter worth about $107,000. Mason Street Advisors LLC lifted its stake in shares of Atlas Air Worldwide Holdings by 7.5% during the first quarter. Mason Street Advisors LLC now owns 5,876 shares of the transportation company’s stock worth $326,000 after purchasing an additional 411 shares in the last quarter. Finally, Arizona State Retirement System lifted its stake in shares of Atlas Air Worldwide Holdings by 1.5% during the first quarter. Arizona State Retirement System now owns 13,123 shares of the transportation company’s stock worth $728,000 after purchasing an additional 200 shares in the last quarter. 96.41% of the stock is owned by hedge funds and other institutional investors.

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).

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

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