OppenheimerFunds Inc. lifted its position in shares of Atlas Air (NASDAQ:AAWW) by 18.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,756 shares of the transportation company’s stock after buying an additional 3,634 shares during the period. OppenheimerFunds Inc. owned approximately 0.09% of Atlas Air worth $1,393,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in AAWW. First Trust Advisors LP increased its holdings in shares of Atlas Air by 4.0% during the 3rd quarter. First Trust Advisors LP now owns 38,913 shares of the transportation company’s stock worth $2,560,000 after buying an additional 1,487 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of Atlas Air during the 3rd quarter worth $613,000. Stevens Capital Management LP increased its holdings in shares of Atlas Air by 71.6% during the 3rd quarter. Stevens Capital Management LP now owns 11,466 shares of the transportation company’s stock worth $754,000 after buying an additional 4,785 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its position in Atlas Air by 39.1% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 12,630 shares of the transportation company’s stock worth $831,000 after purchasing an additional 3,550 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Atlas Air during the 3rd quarter worth $711,000.
NASDAQ:AAWW opened at $60.75 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.80 and a quick ratio of 0.80. The stock has a market capitalization of $1,556.61, a price-to-earnings ratio of 12.32 and a beta of 1.24. Atlas Air has a 1-year low of $45.45 and a 1-year high of $68.70.
Atlas Air (NASDAQ:AAWW) last posted its quarterly earnings data on Thursday, February 22nd. The transportation company reported $2.43 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.27. The company had revenue of $627.95 million during the quarter, compared to analysts’ expectations of $592.08 million. Atlas Air had a net margin of 10.36% and a return on equity of 8.27%. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.24 EPS. sell-side analysts expect that Atlas Air will post 5.72 earnings per share for the current fiscal year.
AAWW has been the subject of a number of research reports. Zacks Investment Research raised shares of Atlas Air from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a research report on Monday, January 15th. BidaskClub cut shares of Atlas Air from a “hold” rating to a “sell” rating in a research report on Friday, January 26th. ValuEngine raised shares of Atlas Air from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Stifel Nicolaus upped their price target on shares of Atlas Air from $81.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. Finally, Cowen raised shares of Atlas Air from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $62.00 to $72.00 in a research report on Wednesday, January 10th. One research analyst has rated the stock with a sell rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $75.60.
In other Atlas Air news, CFO Spencer Schwartz sold 5,000 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $63.55, for a total value of $317,750.00. Following the completion of the transaction, the chief financial officer now directly owns 48,118 shares of the company’s stock, valued at approximately $3,057,898.90. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Keith H. Mayer sold 864 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $61.69, for a total transaction of $53,300.16. The disclosure for this sale can be found here. Over the last three months, insiders sold 35,141 shares of company stock valued at $2,092,306. 2.50% of the stock is currently owned by corporate insiders.
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Atlas Air 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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