First Hawaiian Bank lowered its stake in Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW – Get Rating) by 26.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,940 shares of the transportation company's stock after selling 1,780 shares during the period. First Hawaiian Bank's holdings in Atlas Air Worldwide were worth $472,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. BTC Capital Management Inc. increased its holdings in shares of Atlas Air Worldwide by 4.8% in the second quarter. BTC Capital Management Inc. now owns 3,834 shares of the transportation company's stock valued at $241,000 after purchasing an additional 176 shares in the last quarter. Empirical Finance LLC acquired a new stake in shares of Atlas Air Worldwide in the second quarter valued at approximately $396,000. GSA Capital Partners LLP increased its holdings in shares of Atlas Air Worldwide by 6.7% in the first quarter. GSA Capital Partners LLP now owns 5,081 shares of the transportation company's stock valued at $439,000 after purchasing an additional 319 shares in the last quarter. Versor Investments LP grew its holdings in Atlas Air Worldwide by 99.6% during the 2nd quarter. Versor Investments LP now owns 13,476 shares of the transportation company's stock worth $832,000 after acquiring an additional 6,724 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in Atlas Air Worldwide during the 2nd quarter worth $723,000.
Get Atlas Air Worldwide alerts:Wall Street Analyst Weigh In
Separately, StockNews.com initiated coverage on shares of Atlas Air Worldwide in a report on Wednesday, October 12th. They set a "hold" rating for the company. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $95.13.
Atlas Air Worldwide Price Performance
AAWW opened at $100.05 on Friday. The company has a fifty day moving average price of $100.38 and a two-hundred day moving average price of $89.24. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.72 and a current ratio of 0.72. Atlas Air Worldwide Holdings, Inc. has a 52 week low of $58.70 and a 52 week high of $101.62. The firm has a market capitalization of $2.84 billion, a PE ratio of 8.09 and a beta of 1.14.Atlas Air Worldwide (NASDAQ:AAWW – Get Rating) last announced its quarterly earnings results on Thursday, November 3rd. The transportation company reported $2.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.50 by ($1.81). Atlas Air Worldwide had a net margin of 9.03% and a return on equity of 16.76%. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.18 billion. As a group, analysts anticipate that Atlas Air Worldwide Holdings, Inc. will post 15.09 earnings per share for the current year.
About Atlas Air Worldwide
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Atlas Air Worldwide Holdings, Inc, through its subsidiaries, provides outsourced aircraft and aviation operating services. It operates through two segments, Airline Operations 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.
Further Reading
- Get a free copy of the StockNews.com research report on Atlas Air Worldwide (AAWW)
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