AQR Capital Management LLC lifted its stake in Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) by 10.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 59,606 shares of the transportation company’s stock after acquiring an additional 5,627 shares during the quarter. AQR Capital Management LLC’s holdings in Atlas Air Worldwide were worth $3,800,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of AAWW. Emerald Mutual Fund Advisers Trust lifted its holdings in shares of Atlas Air Worldwide by 33.8% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 369,446 shares of the transportation company’s stock worth $23,552,000 after acquiring an additional 93,254 shares during the last quarter. LSV Asset Management lifted its holdings in Atlas Air Worldwide by 7.7% during the 3rd quarter. LSV Asset Management now owns 1,041,783 shares of the transportation company’s stock worth $66,413,000 after buying an additional 74,900 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in Atlas Air Worldwide by 5.6% during the 3rd 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 buying an additional 50,000 shares in the last quarter. Putnam Investments LLC acquired a new stake in Atlas Air Worldwide during the 3rd quarter worth approximately $3,135,000. Finally, Canada Pension Plan Investment Board acquired a new stake in Atlas Air Worldwide during the 3rd quarter worth approximately $2,792,000.
Shares of NASDAQ:AAWW opened at $48.55 on Friday. Atlas Air Worldwide Holdings, Inc. has a 52 week low of $35.59 and a 52 week high of $75.29. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 9.85 and a beta of 1.62.
Atlas Air Worldwide (NASDAQ:AAWW) last announced its quarterly earnings data on Thursday, November 1st. The transportation company reported $1.54 EPS for the quarter, beating the Zacks’ consensus estimate of $1.36 by $0.18. Atlas Air Worldwide had a net margin of 10.59% and a return on equity of 10.20%. The company had revenue of $656.61 million for the quarter, compared to the consensus estimate of $664.70 million. During the same period in the prior year, the firm posted $1.08 EPS. The company’s quarterly revenue was up 22.6% compared to the same quarter last year. On average, research analysts forecast that Atlas Air Worldwide Holdings, Inc. will post 7.1 earnings per share for the current year.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Atlas Air Worldwide from a “hold” rating to a “sell” rating in a report on Monday, January 7th. Imperial Capital reduced 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 report on Tuesday, November 6th. They noted that the move was a valuation call. ValuEngine lowered shares of Atlas Air Worldwide from a “sell” rating to a “strong sell” rating in a report on Wednesday, November 21st. TheStreet lowered shares of Atlas Air Worldwide from a “b-” rating to a “c+” rating in a report on Monday, October 29th. Finally, Deutsche Bank set a $66.00 target price on shares of Atlas Air Worldwide and gave the stock a “buy” rating in a report on Wednesday, November 7th. Four equities research analysts have rated the stock with a sell rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $72.80.
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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