California Public Employees Retirement System reduced its position in Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) by 19.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,336 shares of the transportation company’s stock after selling 13,265 shares during the period. California Public Employees Retirement System’s holdings in Atlas Air Worldwide were worth $3,968,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Amalgamated Bank acquired a new position in Atlas Air Worldwide during the first quarter worth $202,000. Element Capital Management LLC acquired a new position in Atlas Air Worldwide during the first quarter worth $217,000. CIBC Asset Management Inc acquired a new position in Atlas Air Worldwide during the second quarter worth $221,000. Janney Montgomery Scott LLC acquired a new position in Atlas Air Worldwide during the second quarter worth $233,000. Finally, Paloma Partners Management Co acquired a new position in Atlas Air Worldwide during the second quarter worth $238,000.
In other news, CEO William J. Flynn sold 5,000 shares of the company’s stock in a transaction on Monday, July 30th. The shares were sold at an average price of $67.05, for a total transaction of $335,250.00. Following the completion of the sale, the chief executive officer now owns 111,958 shares of the company’s stock, valued at $7,506,783.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.20% of the stock is owned by corporate insiders.
A number of equities analysts have weighed in on the stock. BidaskClub cut shares of Atlas Air Worldwide from a “sell” rating to a “strong sell” rating in a research report on Friday. ValuEngine cut shares of Atlas Air Worldwide from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 9th. Wolfe Research cut shares of Atlas Air Worldwide from a “peer perform” rating to an “underperform” rating in a research report on Friday, October 5th. Deutsche Bank assumed coverage on shares of Atlas Air Worldwide in a research report on Tuesday, September 4th. They set a “buy” rating and a $76.00 price objective for the company. Finally, Susquehanna Bancshares set a $77.00 price objective on shares of Atlas Air Worldwide and gave the stock a “buy” rating in a research report on Friday, August 3rd. Three research analysts have rated the stock with a sell rating and six have issued a buy rating to the company. Atlas Air Worldwide has an average rating of “Hold” and an average price target of $78.67.
NASDAQ:AAWW opened at $52.48 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.27. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 10.65 and a beta of 1.17. Atlas Air Worldwide Holdings, Inc. has a fifty-two week low of $50.65 and a fifty-two week high of $75.29.
Atlas Air Worldwide (NASDAQ:AAWW) last posted its quarterly earnings data on Thursday, August 2nd. The transportation company reported $1.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.50. Atlas Air Worldwide had a net margin of 7.18% and a return on equity of 9.80%. The company had revenue of $666.15 million during the quarter, compared to analysts’ expectations of $634.93 million. During the same period in the prior year, the business posted $1.09 earnings per share. The firm’s revenue for the quarter was up 28.8% on a year-over-year basis. As a group, equities research analysts predict that Atlas Air Worldwide Holdings, Inc. will post 6.87 EPS for the current year.
Atlas Air Worldwide Company 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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