Shares of Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) have received a consensus rating of “Buy” from the nine research firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $68.67.
Several research firms recently weighed in on AAWW. Susquehanna Bancshares began coverage on shares of Atlas Air Worldwide in a report on Thursday, August 17th. They set a “positive” rating and a $72.00 target price on the stock. ValuEngine upgraded shares of Atlas Air Worldwide from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Cowen restated a “hold” rating and set a $70.00 target price on shares of Atlas Air Worldwide in a report on Tuesday, September 5th. Zacks Investment Research lowered shares of Atlas Air Worldwide from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. Finally, Stifel Nicolaus upgraded shares of Atlas Air Worldwide from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a report on Tuesday, November 7th.
Atlas Air Worldwide (NASDAQ AAWW) opened at $57.25 on Monday. The firm has a market cap of $1,447.45, a price-to-earnings ratio of 12.13 and a beta of 1.38. Atlas Air Worldwide has a 1-year low of $45.45 and a 1-year high of $68.70. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.21.
In related news, CEO William J. Flynn sold 5,000 shares of Atlas Air Worldwide stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $66.19, for a total transaction of $330,950.00. Following the transaction, the chief executive officer now 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 is accessible through this hyperlink. Insiders have sold a total of 25,195 shares of company stock worth $1,616,785 in the last 90 days. Company insiders own 2.50% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. UBS Asset Management Americas Inc. purchased a new stake in Atlas Air Worldwide during the 2nd quarter worth $201,000. Amalgamated Bank bought a new stake in shares of Atlas Air Worldwide in the 3rd quarter worth about $208,000. New England Research & Management Inc. bought a new stake in shares of Atlas Air Worldwide in the 3rd quarter worth about $273,000. Piedmont Investment Advisors LLC bought a new stake in shares of Atlas Air Worldwide in the 2nd quarter worth about $285,000. Finally, US Bancorp DE increased its position in shares of Atlas Air Worldwide by 3.7% in the 2nd quarter. US Bancorp DE now owns 5,548 shares of the transportation company’s stock worth $289,000 after purchasing an additional 197 shares during the last quarter. 96.40% of the stock is currently owned by hedge funds and other institutional investors.
About Atlas Air Worldwide
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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