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Atlas Air Worldwide Holdings, Inc. (AAWW) Stake Reduced by …

Atlas Air Worldwide Holdings, Inc. (AAWW) Stake Reduced By ...Acadian Asset Management lowered its stake in Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) by 20.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The hedge fund owned 735,065 shares of the company s stock after selling 187,077 shares during the period. Acadian Asset Management owned about 2.96% of Atlas Air Worldwide Holdings worth $30,388,000 as of its most recent filing with the SEC.

Separately, ID Management A boosted its stake in shares of Atlas Air Worldwide Holdings by 16.1% in the fourth quarter. ID Management A now owns 7,201 shares of the company s stock valued at $298,000 after buying an additional 1,000 shares during the period. Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW[1]) traded up 3.87% on Tuesday, reaching $35.70. 45,054 shares of the company s stock were exchanged. The company has a market capitalization of $879.33 million and a PE ratio of 10.30. The company has a 50 day moving average price of $38.45 and a 200-day moving average price of $41.32. Atlas Air Worldwide Holdings, Inc. has a 1-year low of $31.99 and a 1-year high of $59.47. Atlas Air Worldwide Holdings (NASDAQ:AAWW) last released its quarterly earnings data on Thursday, November 5th. The company reported $1.23 earnings per share (EPS) for the quarter, hitting the Thomson Reuters consensus estimate of $1.23. The business earned $449.90 million during the quarter, compared to analysts expectations of $475.75 million. The company s revenue was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.09 EPS. On average, equities research analysts anticipate that Atlas Air Worldwide Holdings, Inc. will post $4.94 earnings per share for the current year.

AAWW has been the topic of several recent research reports. Zacks Investment Research[2] raised shares of Atlas Air Worldwide Holdings from a hold rating to a buy rating and set a $38.00 target price on the stock in a research note on Tuesday, January 12th. TheStreet cut shares of Atlas Air Worldwide Holdings from a buy rating to a hold rating in a research report on Friday, November 6th. Cowen and Company lowered their price target on shares of Atlas Air Worldwide Holdings from $60.00 to $50.00 and set a market perform rating on the stock in a research report on Friday, November 6th. Finally, RBC Capital lowered their price target on shares of Atlas Air Worldwide Holdings from $50.00 to $41.00 and set a sector perform rating on the stock in a research report on Friday, November 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company s stock. The stock has an average rating of Hold and a consensus price target of $52.00.

Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW[3]) is a holding company with a principal wholly owned operating subsidiary, Atlas Air, Inc. (Atlas). The Company is a global provider of outsourced aircraft and aviation operating services, operating a fleet of around 747 freighters, as well as operating 747 and 767 passenger aircraft and 767 freighters. It operates through three segments: ACMI, Charter and Dry Leasing. The ACMI segment provides aircraft, crew, maintenance and insurance services to customers. Also included in the ACMI segment is CMI, which provides crew, maintenance and insurance services. The Charter segment provides full planeload air cargo and passenger aircraft charters to customers, including the air mobility command (AMC), brokers, freight forwarders, direct shippers, airlines, sports teams and fans, and private charter customers. The Dry Leasing segment provides the leasing of aircraft and engines to customers, and operates through Titan, a cargo aircraft dry lessor.

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References

  1. ^ NASDAQ:AAWW (www.marketbeat.com)
  2. ^ Zacks Investment Research (www.zacks.com)
  3. ^ NASDAQ:AAWW (www.marketbeat.com)
  4. ^ MarketBeat.com’s FREE daily email newsletter (www.iramarketreport.com)



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