TIAA CREF Investment Management LLC decreased its position in Atlas Air Worldwide Holdings (NASDAQ:AAWW) by 4.7% during the first quarter, according to its most recent filing with the SEC. The fund owned 84,692 shares of the transportation company’s stock after selling 4,221 shares during the period. TIAA CREF Investment Management LLC’s holdings in Atlas Air Worldwide Holdings were worth $4,696,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of AAWW. Ameritas Investment Partners Inc. bought a new stake in Atlas Air Worldwide Holdings during the first quarter worth $107,000. State of Alaska Department of Revenue boosted its stake in Atlas Air Worldwide Holdings by 3.0% in the first quarter. State of Alaska Department of Revenue now owns 2,770 shares of the transportation company’s stock worth $153,000 after buying an additional 80 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in Atlas Air Worldwide Holdings by 1.2% in the first quarter. Municipal Employees Retirement System of Michigan now owns 5,710 shares of the transportation company’s stock worth $317,000 after buying an additional 70 shares during the last quarter. Mason Street Advisors LLC boosted its stake in Atlas Air Worldwide Holdings by 7.5% in the first quarter. Mason Street Advisors LLC now owns 5,876 shares of the transportation company’s stock worth $326,000 after buying an additional 411 shares during the last quarter. Finally, NJ State Employees Deferred Compensation Plan bought a new stake in Atlas Air Worldwide Holdings during the first quarter worth $388,000. 96.32% of the stock is currently owned by hedge funds and other institutional investors.
Atlas Air Worldwide Holdings (NASDAQ:AAWW) opened at 64.00 on Wednesday. Atlas Air Worldwide Holdings has a 12-month low of $34.22 and a 12-month high of $67.75. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 27.35 and a beta of 1.45. The company has a 50-day moving average of $56.35 and a 200 day moving average of $54.03.
Atlas Air Worldwide Holdings (NASDAQ:AAWW) last announced its quarterly earnings results on Wednesday, August 2nd. The transportation company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.24. The business had revenue of $517.37 million for the quarter, compared to analyst estimates of $500.44 million. Atlas Air Worldwide Holdings had a net margin of 2.98% and a return on equity of 8.11%. The company’s revenue was up 16.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.80 EPS. Equities analysts expect that Atlas Air Worldwide Holdings will post $4.76 EPS for the current fiscal year.
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A number of equities analysts have recently commented on the stock. BidaskClub upgraded shares of Atlas Air Worldwide Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Cowen and Company reiterated a “hold” rating and set a $60.00 price target on shares of Atlas Air Worldwide Holdings in a report on Tuesday, July 11th. Stifel Nicolaus reiterated a “buy” rating on shares of Atlas Air Worldwide Holdings in a report on Friday, June 2nd. Zacks Investment Research lowered shares of Atlas Air Worldwide Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Finally, Imperial Capital lifted their price target on shares of Atlas Air Worldwide Holdings from $60.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, May 4th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Atlas Air Worldwide Holdings has a consensus rating of “Buy” and an average price target of $68.40.
In other Atlas Air Worldwide Holdings news, CEO William J. Flynn sold 5,000 shares of the firm’s stock in a transaction on Monday, July 10th. The shares were sold at an average price of $55.10, for a total value of $275,500.00. Following the sale, the chief executive officer now owns 211,958 shares of the company’s stock, valued at approximately $11,678,885.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last three months, insiders sold 25,000 shares of company stock worth $1,404,200. Insiders own 2.50% of the company’s stock.
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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