Rhumbline Advisers lifted its holdings in Atlas Air (NASDAQ:AAWW) by 17.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,481 shares of the transportation company’s stock after acquiring an additional 8,708 shares during the period. Rhumbline Advisers owned 0.23% of Atlas Air worth $3,430,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Alambic Investment Management L.P. purchased a new stake in shares of Atlas Air in the fourth quarter worth approximately $364,000. Impala Asset Management LLC bought a new stake in Atlas Air during the 3rd quarter valued at $13,303,000. Comerica Bank boosted its position in Atlas Air by 21.8% during the 4th quarter. Comerica Bank now owns 53,695 shares of the transportation company’s stock valued at $3,275,000 after acquiring an additional 9,605 shares in the last quarter. WINTON GROUP Ltd bought a new stake in Atlas Air during the 3rd quarter valued at $2,120,000. Finally, Elk Creek Partners LLC boosted its position in Atlas Air by 9.1% during the 3rd quarter. Elk Creek Partners LLC now owns 215,544 shares of the transportation company’s stock valued at $14,183,000 after acquiring an additional 18,029 shares in the last quarter.
A number of analysts have recently weighed in on AAWW shares. Stifel Nicolaus raised their price objective on Atlas Air from $81.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. Zacks Investment Research upgraded Atlas Air from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research note on Wednesday, February 7th. Susquehanna Bancshares set a $77.00 price objective on Atlas Air and gave the company a “buy” rating in a research note on Monday, February 26th. BidaskClub upgraded Atlas Air from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. Finally, Imperial Capital reiterated an “outperform” rating and issued a $84.00 price objective (up from $82.00) on shares of Atlas Air in a report on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Atlas Air presently has an average rating of “Buy” and a consensus target price of $75.60.
In related news, CEO William J. Flynn sold 5,000 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $61.95, for a total transaction of $309,750.00. Following the completion of the transaction, the chief executive officer now directly owns 161,958 shares of the company’s stock, valued at $10,033,298.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Keith H. Mayer sold 864 shares of the stock in a transaction dated Wednesday, February 28th. The stock was 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. Insiders have sold 35,141 shares of company stock valued at $2,092,306 in the last quarter. Insiders own 2.50% of the company’s stock.
Atlas Air stock opened at $60.75 on Friday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market cap of $1,556.61, a PE ratio of 12.32 and a beta of 1.24. Atlas Air has a twelve month low of $45.45 and a twelve month high of $68.70.
Atlas Air (NASDAQ:AAWW) last issued its earnings results on Thursday, February 22nd. The transportation company reported $2.43 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.27. Atlas Air had a net margin of 10.36% and a return on equity of 8.27%. The firm had revenue of $627.95 million during the quarter, compared to the consensus estimate of $592.08 million. During the same quarter in the previous year, the firm posted $2.24 earnings per share. The company’s revenue was up 18.5% compared to the same quarter last year. analysts predict that Atlas Air will post 5.72 EPS for the current year.
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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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