Emerald Mutual Fund Advisers Trust Takes $4.95 Million Position in Atlas Air Worldwide Holdings (AAWW)

Emerald Mutual Fund Advisers Trust purchased a new position in Atlas Air Worldwide Holdings (NASDAQ:AAWW) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 75,247 shares of the transportation company’s stock, valued at approximately $4,951,000. Emerald Mutual Fund Advisers Trust owned approximately 0.30% of Atlas Air Worldwide Holdings at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. BlackRock Inc. increased its holdings in shares of 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 in the last quarter. Vanguard Group Inc. increased its holdings in shares of Atlas Air Worldwide Holdings by 3.7% in the second quarter. Vanguard Group Inc. now owns 2,277,414 shares of the transportation company’s stock worth $118,767,000 after acquiring an additional 81,672 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Atlas Air Worldwide Holdings by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,130,850 shares of the transportation company’s stock worth $111,122,000 after acquiring an additional 11,726 shares in the last quarter. FMR LLC increased its holdings in shares of Atlas Air Worldwide Holdings by 22.7% in the second quarter. FMR LLC now owns 1,378,443 shares of the transportation company’s stock worth $71,886,000 after acquiring an additional 254,743 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D increased its holdings in shares of Atlas Air Worldwide Holdings by 20.0% in the second quarter. State of New Jersey Common Pension Fund D now owns 900,000 shares of the transportation company’s stock worth $46,935,000 after acquiring an additional 150,000 shares in the last quarter. Institutional investors own 96.40% of the company’s stock.

Atlas Air Worldwide Holdings (NASDAQ:AAWW) traded down $0.90 during trading hours on Monday, hitting $53.85. The company had a trading volume of 561,400 shares, compared to its average volume of 281,463. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.66 and a current ratio of 0.66. The company has a market capitalization of $1,361.49, a P/E ratio of 11.41 and a beta of 1.45. Atlas Air Worldwide Holdings has a fifty-two week low of $45.45 and a fifty-two week high of $68.70.

Atlas Air Worldwide Holdings (NASDAQ:AAWW) last posted its quarterly earnings data on Tuesday, November 7th. The transportation company reported $1.08 earnings per share (EPS) for the quarter, missing the Zacks’ 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 firm had revenue of $535.70 million for the quarter, compared to the consensus estimate of $521.29 million. During the same quarter in the previous year, the business posted $1.09 earnings per share. The firm’s quarterly revenue was up 19.6% compared to the same quarter last year. research analysts anticipate that Atlas Air Worldwide Holdings will post 4.64 EPS for the current year.

Several equities research analysts have issued reports on the company. Cowen and Company restated a “hold” rating and issued a $70.00 price target on shares of Atlas Air Worldwide Holdings in a report on Tuesday, September 5th. ValuEngine upgraded Atlas Air Worldwide Holdings from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Stifel Nicolaus reiterated a “hold” rating and set a $69.00 price objective on shares of Atlas Air Worldwide Holdings in a report on Tuesday, September 12th. Zacks Investment Research upgraded Atlas Air Worldwide Holdings from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a report on Monday, August 7th. Finally, Susquehanna Bancshares Inc assumed coverage on Atlas Air Worldwide Holdings in a report on Thursday, August 17th. They set a “positive” rating and a $72.00 price objective for the company. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Atlas Air Worldwide Holdings presently has an average rating of “Buy” and an average price target of $70.00.

In related news, EVP Adam Richard Kokas sold 5,000 shares of the stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $65.90, for a total transaction of $329,500.00. Following the completion of the transaction, the executive vice president now directly owns 25,418 shares of the company’s stock, valued at $1,675,046.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 40,000 shares of company stock valued at $2,599,150 over the last three months. Insiders own 2.50% of the company’s stock.

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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).

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

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