Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) Shares Bought by Meeder Asset Management Inc.

Meeder Asset Management Inc. grew its stake in shares of Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) by 8,335.3% in the 1st quarter, Holdings Channel.com reports. The fund owned 1,434 shares of the transportation company’s stock after purchasing an additional 1,417 shares during the quarter. Meeder Asset Management Inc.’s holdings in Atlas Air Worldwide were worth $86,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in AAWW. Hill City Capital LP acquired a new position in Atlas Air Worldwide during the 4th quarter worth $16,016,000. Prelude Capital Management LLC acquired a new position in Atlas Air Worldwide during the 4th quarter worth $13,147,000. Renaissance Technologies LLC grew its holdings in Atlas Air Worldwide by 445.3% during the 4th quarter. Renaissance Technologies LLC now owns 216,500 shares of the transportation company’s stock worth $11,808,000 after acquiring an additional 176,800 shares in the last quarter. Royce & Associates LP lifted its position in shares of Atlas Air Worldwide by 55.4% in the 4th quarter. Royce & Associates LP now owns 371,559 shares of the transportation company’s stock worth $20,265,000 after buying an additional 132,477 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Atlas Air Worldwide in the 4th quarter worth about $4,303,000. 96.72% of the stock is owned by institutional investors.

Atlas Air Worldwide stock opened at $74.08 on Friday. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of -8.08 and a beta of 1.34. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.03. The company’s 50-day moving average price is $65.93 and its two-hundred day moving average price is $58.37. Atlas Air Worldwide Holdings, Inc. has a 52 week low of $35.36 and a 52 week high of $75.48.

Atlas Air Worldwide (NASDAQ:AAWW) last released its earnings results on Tuesday, May 4th. The transportation company reported $2.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.80 by $0.65. The firm had revenue of $861.30 million for the quarter, compared to analysts’ expectations of $819.70 million. Atlas Air Worldwide had a negative net margin of 7.73% and a positive return on equity of 17.64%. Atlas Air Worldwide’s quarterly revenue was up 33.8% on a year-over-year basis. During the same quarter last year, the company earned $1.15 EPS. Research analysts expect that Atlas Air Worldwide Holdings, Inc. will post 12.02 earnings per share for the current fiscal year.

AAWW has been the topic of a number of recent research reports. Susquehanna Bancshares reduced their price target on shares of Atlas Air Worldwide from $87.00 to $80.00 and set a “positive” rating on the stock in a research report on Wednesday, February 17th. TheStreet upgraded shares of Atlas Air Worldwide from a “c+” rating to a “b-” rating in a research report on Thursday, April 22nd. Truist initiated coverage on shares of Atlas Air Worldwide in a research report on Friday, April 16th. They issued a “buy” rating and a $95.00 price target on the stock. Truist Securities began coverage on shares of Atlas Air Worldwide in a research report on Thursday, April 22nd. They issued a “buy” rating and a $95.00 price target on the stock. Finally, Zacks Investment Research upgraded shares of Atlas Air Worldwide from a “sell” rating to a “hold” rating in a research report on Wednesday, April 21st. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Atlas Air Worldwide has a consensus rating of “Buy” and an average target price of $74.29.

In other news, CEO John W. Dietrich sold 19,597 shares of Atlas Air Worldwide stock in a transaction that occurred on Friday, February 19th. The shares were sold at an average price of $62.00, for a total value of $1,215,014.00. Following the transaction, the chief executive officer now owns 57,541 shares of the company’s stock, valued at approximately $3,567,542. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Adam Richard Kokas sold 6,120 shares of Atlas Air Worldwide stock in a transaction that occurred on Monday, February 22nd. The stock was sold at an average price of $62.50, for a total transaction of $382,500.00. Following the completion of the transaction, the executive vice president now directly owns 36,679 shares in the company, valued at approximately $2,292,437.50. The disclosure for this sale can be found here. Insiders sold a total of 135,580 shares of company stock worth $8,524,961 in the last ninety days. Corporate insiders own 2.40% of the company’s stock.

Atlas Air Worldwide Company Profile

Atlas Air Worldwide Holdings, Inc, through its subsidiaries, provides outsourced aircraft and aviation operating services. It operates through three segments: ACMI, Charter, and Dry Leasing. The company offers outsourced cargo and passenger aircraft operating solutions, including contractual service arrangements, such as the provision of aircraft; and value-added services, including 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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