John K. Wulff Acquires 5,000 Shares of Atlas Air Worldwide Holdings, Inc. (AAWW) Stock

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Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) Director John K. Wulff acquired 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were purchased at an average cost of $39.75 per share, for a total transaction of $198,750.00. Following the completion of the acquisition, the director now owns 24,979 shares in the company, valued at approximately $992,915.25. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

NASDAQ:AAWW traded up $0.98 during trading hours on Friday, reaching $39.04. 4,115 shares of the company traded hands, compared to its average volume of 290,664. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 5.34 and a beta of 1.77. Atlas Air Worldwide Holdings, Inc. has a 1 year low of $35.59 and a 1 year high of $75.29. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.05.

Atlas Air Worldwide (NASDAQ:AAWW) last announced its quarterly earnings data on Wednesday, May 1st. The transportation company reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.12. The business had revenue of $679.70 million during the quarter, compared to analysts’ expectations of $679.72 million. Atlas Air Worldwide had a return on equity of 10.76% and a net margin of 8.36%. The firm’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.86 earnings per share. As a group, equities research analysts predict that Atlas Air Worldwide Holdings, Inc. will post 7.12 EPS for the current year.

Hedge funds have recently bought and sold shares of the company. Canada Pension Plan Investment Board grew its holdings in shares of Atlas Air Worldwide by 406.8% in the fourth quarter. Canada Pension Plan Investment Board now owns 222,000 shares of the transportation company’s stock worth $9,365,000 after acquiring an additional 178,200 shares during the period. State of New Jersey Common Pension Fund D grew its holdings in shares of Atlas Air Worldwide by 15.8% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 1,100,000 shares of the transportation company’s stock worth $46,409,000 after acquiring an additional 150,000 shares during the period. Monarch Partners Asset Management LLC grew its holdings in shares of Atlas Air Worldwide by 256.5% in the fourth quarter. Monarch Partners Asset Management LLC now owns 132,131 shares of the transportation company’s stock worth $5,575,000 after acquiring an additional 95,072 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Atlas Air Worldwide by 91.7% in the first quarter. Renaissance Technologies LLC now owns 146,100 shares of the transportation company’s stock worth $7,387,000 after acquiring an additional 69,900 shares during the period. Finally, Phocas Financial Corp. grew its holdings in shares of Atlas Air Worldwide by 36.3% in the first quarter. Phocas Financial Corp. now owns 222,218 shares of the transportation company’s stock worth $11,235,000 after acquiring an additional 59,240 shares during the period.

A number of brokerages have recently weighed in on AAWW. Stifel Nicolaus set a $68.00 price objective on Atlas Air Worldwide and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Zacks Investment Research upgraded Atlas Air Worldwide from a “sell” rating to a “hold” rating in a research report on Monday, February 18th. ValuEngine upgraded Atlas Air Worldwide from a “sell” rating to a “hold” rating in a research report on Wednesday, February 13th. BidaskClub upgraded Atlas Air Worldwide from a “sell” rating to a “hold” rating in a research report on Tuesday, January 29th. Finally, Imperial Capital reiterated an “outperform” rating and set a $76.00 price objective (up previously from $74.00) on shares of Atlas Air Worldwide in a research note on Thursday, January 31st. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $67.67.

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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.

Read More: How are Outstanding Shares Different from Authorized Shares?

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