JPMorgan Chase & Co. reduced its position in Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) by 70.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 350,114 shares of the transportation company’s stock after selling 829,070 shares during the period. JPMorgan Chase & Co. owned about 1.38% of Atlas Air Worldwide worth $23,545,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. UBS Asset Management Americas Inc. purchased a new position in shares of Atlas Air Worldwide in the second quarter worth approximately $201,000. New England Research & Management Inc. purchased a new position in shares of Atlas Air Worldwide in the third quarter worth approximately $273,000. USA Financial Portformulas Corp purchased a new position in shares of Atlas Air Worldwide in the third quarter worth approximately $339,000. Piedmont Investment Advisors LLC purchased a new position in shares of Atlas Air Worldwide in the second quarter worth approximately $285,000. Finally, US Bancorp DE increased its position in shares of Atlas Air Worldwide by 3.7% in the second quarter. US Bancorp DE now owns 5,548 shares of the transportation company’s stock worth $289,000 after acquiring an additional 197 shares in the last quarter. 96.40% of the stock is currently owned by institutional investors and hedge funds.
Shares of Atlas Air Worldwide Holdings, Inc. (NASDAQ AAWW) opened at $57.55 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.21. The company has a market cap of $1,465.16, a P/E ratio of 12.28 and a beta of 1.38. Atlas Air Worldwide Holdings, Inc. has a fifty-two week low of $45.45 and a fifty-two week high of $68.70.
Atlas Air Worldwide (NASDAQ:AAWW) last posted its quarterly earnings results on Tuesday, November 7th. The transportation company reported $1.08 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.05). The company had revenue of $535.70 million for the quarter, compared to analyst estimates of $521.29 million. Atlas Air Worldwide had a return on equity of 8.14% and a net margin of 2.06%. The business’s revenue for the quarter was up 19.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.09 earnings per share. analysts anticipate that Atlas Air Worldwide Holdings, Inc. will post 4.64 EPS for the current year.
AAWW has been the subject of several research reports. ValuEngine cut shares of Atlas Air Worldwide from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 14th. Stifel Nicolaus upgraded shares of Atlas Air Worldwide from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a report on Tuesday, November 7th. Cowen restated a “hold” rating on shares of Atlas Air Worldwide in a report on Thursday, October 12th. Finally, Zacks Investment Research cut shares of Atlas Air Worldwide from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $70.00.
In other Atlas Air Worldwide news, CEO William J. Flynn sold 5,000 shares of Atlas Air Worldwide stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 171,958 shares in the company, valued at $10,525,549.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 25,195 shares of company stock valued at $1,616,785 over the last quarter. Corporate insiders own 2.50% of the company’s stock.
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About Atlas Air Worldwide
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).
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