Stevens Capital Management LP Boosts Holdings in Atlas Air Worldwide Holdings (AAWW)

Stevens Capital Management LP raised its holdings in shares of Atlas Air Worldwide Holdings (NASDAQ:AAWW) by 71.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 11,466 shares of the transportation company’s stock after purchasing an additional 4,785 shares during the period. Stevens Capital Management LP’s holdings in Atlas Air Worldwide Holdings were worth $754,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Capstone Asset Management Co. increased its position in Atlas Air Worldwide Holdings by 0.9% during the 2nd quarter. Capstone Asset Management Co. now owns 8,990 shares of the transportation company’s stock valued at $469,000 after purchasing an additional 80 shares during the period. Louisiana State Employees Retirement System increased its position in Atlas Air Worldwide Holdings by 1.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 10,300 shares of the transportation company’s stock valued at $537,000 after purchasing an additional 100 shares during the period. Arizona State Retirement System increased its position in Atlas Air Worldwide Holdings by 0.8% during the 2nd quarter. Arizona State Retirement System now owns 13,223 shares of the transportation company’s stock valued at $690,000 after purchasing an additional 100 shares during the period. US Bancorp DE increased its position in Atlas Air Worldwide Holdings by 3.7% during the 2nd quarter. US Bancorp DE now owns 5,548 shares of the transportation company’s stock valued at $289,000 after purchasing an additional 197 shares during the period. Finally, Texas Permanent School Fund increased its position in Atlas Air Worldwide Holdings by 1.4% during the 2nd quarter. Texas Permanent School Fund now owns 18,445 shares of the transportation company’s stock valued at $962,000 after purchasing an additional 253 shares during the period. 96.40% of the stock is currently owned by institutional investors and hedge funds.

Atlas Air Worldwide Holdings (NASDAQ:AAWW) opened at $52.95 on Thursday. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.66 and a quick ratio of 0.66. Atlas Air Worldwide Holdings has a 12-month low of $45.45 and a 12-month high of $68.70. The stock has a market cap of $1,333.68, a P/E ratio of 11.18 and a beta of 1.45.

Atlas Air Worldwide Holdings (NASDAQ:AAWW) last issued its quarterly earnings data on Tuesday, November 7th. The transportation company reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.05). Atlas Air Worldwide Holdings had a return on equity of 8.14% and a net margin of 2.06%. The firm had revenue of $535.70 million during the quarter, compared to analysts’ expectations of $521.29 million. During the same period in the previous year, the firm earned $1.09 EPS. The firm’s quarterly revenue was up 19.6% on a year-over-year basis. research analysts forecast that Atlas Air Worldwide Holdings will post 4.64 earnings per share for the current year.

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In related news, CEO William J. Flynn sold 5,000 shares of Atlas Air Worldwide Holdings stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $66.19, for a total value of $330,950.00. Following the completion of the sale, the chief executive officer now directly owns 191,958 shares in the company, valued at approximately $12,705,700.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Adam Richard Kokas sold 10,000 shares of Atlas Air Worldwide Holdings stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $66.40, for a total transaction of $664,000.00. Following the completion of the sale, the executive vice president now owns 25,418 shares of the company’s stock, valued at $1,687,755.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 40,000 shares of company stock worth $2,599,150. Insiders own 2.50% of the company’s stock.

A number of research firms have commented on AAWW. Cowen and Company reissued a “hold” rating and set a $70.00 target price on shares of Atlas Air Worldwide Holdings in a research report on Tuesday, September 5th. ValuEngine raised shares of Atlas Air Worldwide Holdings from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Stifel Nicolaus reissued a “hold” rating and set a $69.00 target price on shares of Atlas Air Worldwide Holdings in a research report on Tuesday, September 12th. Zacks Investment Research raised shares of Atlas Air Worldwide Holdings from a “hold” rating to a “buy” rating and set a $74.00 price objective on the stock in a research report on Monday, August 7th. Finally, Susquehanna Bancshares Inc initiated coverage on shares of Atlas Air Worldwide Holdings in a research report on Thursday, August 17th. They issued a “positive” rating and a $72.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $70.00.

Atlas Air Worldwide Holdings Company Profile

Atlas Air Worldwide Holdings, Inc is a holding company. The Company provides outsourced aircraft and aviation operating services throughout the world, serving Africa, Asia, Australia, Europe, the Middle East, North America and South America through contractual service arrangements, including those through which it provides aircraft to customers and value-added services, including crew, maintenance and insurance (ACMI), as well as those through which it provides crew, maintenance and insurance, but not the aircraft (CMI); cargo and passenger charter services (Charter), and dry leasing aircraft and engines (Dry Leasing).

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

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