Atlas Air Worldwide Holdings, Inc. (AAWW) Stake Lowered by Comerica Bank

Comerica Bank decreased its position in Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) by 18.7% during the third quarter, HoldingsChannel.com reports. The firm owned 25,616 shares of the transportation company’s stock after selling 5,887 shares during the quarter. Comerica Bank’s holdings in Atlas Air Worldwide were worth $1,315,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in AAWW. Emerald Mutual Fund Advisers Trust raised its position in shares of Atlas Air Worldwide by 33.8% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 369,446 shares of the transportation company’s stock valued at $23,552,000 after purchasing an additional 93,254 shares during the period. Towle & Co. increased its position in Atlas Air Worldwide by 9.5% during the second quarter. Towle & Co. now owns 831,690 shares of the transportation company’s stock worth $59,632,000 after acquiring an additional 72,320 shares during the period. CIBC World Markets Inc. bought a new position in Atlas Air Worldwide during the second quarter worth $3,621,000. State of New Jersey Common Pension Fund D increased its position in Atlas Air Worldwide by 5.6% during the third quarter. State of New Jersey Common Pension Fund D now owns 950,000 shares of the transportation company’s stock worth $60,563,000 after acquiring an additional 50,000 shares during the period. Finally, Pier Capital LLC increased its position in Atlas Air Worldwide by 44.5% during the second quarter. Pier Capital LLC now owns 134,693 shares of the transportation company’s stock worth $9,657,000 after acquiring an additional 41,478 shares during the period.

AAWW has been the topic of a number of research reports. Zacks Investment Research raised shares of Atlas Air Worldwide from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a research report on Wednesday, November 7th. Deutsche Bank set a $66.00 target price on shares of Atlas Air Worldwide and gave the stock a “buy” rating in a research report on Wednesday, November 7th. TheStreet lowered shares of Atlas Air Worldwide from a “b-” rating to a “c+” rating in a research report on Monday, October 29th. Imperial Capital dropped their target price on shares of Atlas Air Worldwide from $91.00 to $74.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 6th. They noted that the move was a valuation call. Finally, BidaskClub raised shares of Atlas Air Worldwide from a “strong sell” rating to a “sell” rating in a research report on Friday, September 7th. Three analysts have rated the stock with a sell rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $72.67.

Shares of Atlas Air Worldwide stock opened at $50.77 on Thursday. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 10.30 and a beta of 1.52. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.73 and a current ratio of 0.73. Atlas Air Worldwide Holdings, Inc. has a 52-week low of $48.19 and a 52-week high of $75.29.

Atlas Air Worldwide (NASDAQ:AAWW) last announced its quarterly earnings results on Thursday, November 1st. The transportation company reported $1.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.36 by $0.18. The firm had revenue of $656.61 million for the quarter, compared to analyst estimates of $664.70 million. Atlas Air Worldwide had a net margin of 10.59% and a return on equity of 10.20%. The business’s revenue for the quarter was up 22.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.08 EPS. Analysts expect that Atlas Air Worldwide Holdings, Inc. will post 7.1 EPS for the current fiscal year.

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About Atlas Air Worldwide

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

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