Atlas Air (AAWW) Shares Bought by Rhumbline Advisers

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.

How to Become a New Pot Stock Millionaire

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.

TRADEMARK VIOLATION NOTICE: This article was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this article on another website, it was illegally copied and republished in violation of U.S. and international copyright and trademark law. The original version of this article can be accessed at https://www.dispatchtribunal.com/2018/04/07/rhumbline-advisers-has-3-43-million-holdings-in-atlas-air-worldwide-holdings-inc-aaww.html.

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.

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

Receive News & Ratings for Atlas Air Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlas Air and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply