Atlas Air Worldwide Holdings (AAWW) Cut to “Buy” at ValuEngine

ValuEngine lowered 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 morning.

A number of other research firms have also recently issued reports on AAWW. Zacks Investment Research upgraded Atlas Air Worldwide Holdings from a hold rating to a buy rating and set a $74.00 price target on the stock in a report on Monday, August 7th. Stifel Nicolaus upgraded Atlas Air Worldwide Holdings from a hold rating to a buy rating and set a $69.00 price target on the stock in a report on Tuesday, November 7th. Cowen and Company restated a hold rating on shares of Atlas Air Worldwide Holdings in a report on Thursday, October 12th. BidaskClub cut Atlas Air Worldwide Holdings from a buy rating to a hold rating in a report on Monday, July 31st. Finally, Susquehanna Bancshares Inc initiated coverage on Atlas Air Worldwide Holdings in a report on Thursday, August 17th. They set a positive rating and a $72.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. The company currently has an average rating of Hold and an average price target of $70.00.

Atlas Air Worldwide Holdings (NASDAQ AAWW) traded up $0.75 during trading hours on Tuesday, reaching $53.70. 145,700 shares of the company’s stock were exchanged, compared to its average volume of 281,611. The firm has a market cap of $1,360.00, a P/E ratio of 11.22 and a beta of 1.45. 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 twelve month low of $45.45 and a twelve month high of $68.70.

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

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In other Atlas Air Worldwide Holdings news, EVP Adam Richard Kokas sold 10,000 shares of the firm’s 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 transaction, the executive vice president now directly owns 25,418 shares in the company, valued at approximately $1,687,755.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO William J. Flynn sold 5,000 shares of the firm’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $61.21, for a total value of $306,050.00. Following the transaction, the chief executive officer now owns 171,958 shares in the company, valued at $10,525,549.18. The disclosure for this sale can be found here. Over the last quarter, insiders sold 40,000 shares of company stock worth $2,599,150. 2.50% of the stock is owned by company insiders.

Several institutional investors have recently made changes to their positions in AAWW. Vanguard Group Inc. increased its position in shares of Atlas Air Worldwide Holdings by 5.5% during 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 during the last quarter. Geode Capital Management LLC increased its position in shares of Atlas Air Worldwide Holdings by 6.1% during the 1st quarter. Geode Capital Management LLC now owns 211,116 shares of the transportation company’s stock valued at $11,706,000 after purchasing an additional 12,170 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Atlas Air Worldwide Holdings during the 1st quarter valued at $5,606,000. BlackRock Inc. increased its position in shares of Atlas Air Worldwide Holdings by 51,032.3% during the 1st quarter. BlackRock Inc. now owns 3,013,229 shares of the transportation company’s stock valued at $167,084,000 after purchasing an additional 3,007,336 shares during the last quarter. Finally, KCG Holdings Inc. increased its position in shares of Atlas Air Worldwide Holdings by 20.5% during the 1st quarter. KCG Holdings Inc. now owns 4,998 shares of the transportation company’s stock valued at $277,000 after purchasing an additional 849 shares during the last quarter. 96.40% of the stock is owned by hedge funds and other institutional investors.

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).

To view ValuEngine’s full report, visit ValuEngine’s official website.

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

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