Atlas Air Worldwide Holdings, Inc. (AAWW) Position Lifted by Pier Capital LLC

Pier Capital LLC increased its holdings in shares of Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) by 44.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 134,693 shares of the transportation company’s stock after acquiring an additional 41,478 shares during the period. Atlas Air Worldwide makes up approximately 1.3% of Pier Capital LLC’s portfolio, making the stock its 4th biggest holding. Pier Capital LLC owned 0.53% of Atlas Air Worldwide worth $9,657,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in AAWW. Dimensional Fund Advisors LP boosted its position in Atlas Air Worldwide by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 2,152,946 shares of the transportation company’s stock worth $130,146,000 after purchasing an additional 11,540 shares in the last quarter. LSV Asset Management boosted its position in Atlas Air Worldwide by 1.4% during the second quarter. LSV Asset Management now owns 966,883 shares of the transportation company’s stock worth $69,325,000 after purchasing an additional 13,200 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its position in Atlas Air Worldwide by 2.2% during the first quarter. State of New Jersey Common Pension Fund D now owns 920,000 shares of the transportation company’s stock worth $55,614,000 after purchasing an additional 20,000 shares in the last quarter. Towle & Co. boosted its position in Atlas Air Worldwide by 5.0% during the first quarter. Towle & Co. now owns 759,370 shares of the transportation company’s stock worth $45,904,000 after purchasing an additional 36,480 shares in the last quarter. Finally, Hood River Capital Management LLC purchased a new stake in Atlas Air Worldwide during the second quarter worth $27,059,000.

Shares of NASDAQ:AAWW opened at $58.45 on Thursday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.27. Atlas Air Worldwide Holdings, Inc. has a 52-week low of $50.65 and a 52-week high of $75.29. The firm has a market capitalization of $1.55 billion, a PE ratio of 11.86 and a beta of 1.16.

Atlas Air Worldwide (NASDAQ:AAWW) last issued its quarterly earnings data on Thursday, August 2nd. The transportation company reported $1.75 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.50. Atlas Air Worldwide had a return on equity of 9.80% and a net margin of 7.18%. The business had revenue of $666.15 million for the quarter, compared to the consensus estimate of $634.93 million. During the same period in the prior year, the business earned $1.09 earnings per share. The business’s revenue was up 28.8% on a year-over-year basis. equities analysts anticipate that Atlas Air Worldwide Holdings, Inc. will post 6.74 EPS for the current fiscal year.

In other news, CEO William J. Flynn sold 5,000 shares of the company’s stock in a transaction on Monday, July 2nd. The stock was sold at an average price of $70.75, for a total value of $353,750.00. Following the sale, the chief executive officer now directly owns 121,958 shares in the company, valued at $8,628,528.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 20,000 shares of company stock worth $1,381,000 over the last 90 days. Company insiders own 2.20% of the company’s stock.

A number of research firms have commented on AAWW. Susquehanna Bancshares set a $77.00 target price on Atlas Air Worldwide and gave the stock a “buy” rating in a research report on Friday, August 3rd. ValuEngine downgraded Atlas Air Worldwide from a “sell” rating to a “strong sell” rating in a research report on Wednesday. BidaskClub upgraded Atlas Air Worldwide from a “hold” rating to a “buy” rating in a research report on Monday, June 18th. Zacks Investment Research downgraded Atlas Air Worldwide from a “buy” rating to a “hold” rating in a research report on Tuesday, May 1st. Finally, Imperial Capital restated an “outperform” rating and issued a $87.00 price objective (up from $84.00) on shares of Atlas Air Worldwide in a research report on Friday, May 4th. Two research analysts have rated the stock with a sell rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $79.20.

Atlas Air Worldwide Company Profile

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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Institutional Ownership by Quarter for Atlas Air Worldwide (NASDAQ:AAWW)

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