Atlas Air Worldwide Holdings (AAWW) Short Interest Up 172.0% in May

Atlas Air Worldwide Holdings (NASDAQ:AAWW) was the recipient of a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 2,133,109 shares, a growth of 172.0% from the May 15th total of 784,298 shares. Currently, 8.6% of the company’s stock are sold short. Based on an average trading volume of 599,115 shares, the days-to-cover ratio is presently 3.6 days.

AAWW has been the topic of a number of research analyst reports. Imperial Capital reiterated an “outperform” rating on shares of Atlas Air Worldwide Holdings in a research note on Friday, March 17th. Zacks Investment Research downgraded shares of Atlas Air Worldwide Holdings from a “hold” rating to a “sell” rating in a research note on Monday, May 1st. TheStreet upgraded shares of Atlas Air Worldwide Holdings from a “c” rating to a “b” rating in a research note on Thursday, February 23rd. Stifel Nicolaus downgraded shares of Atlas Air Worldwide Holdings from a “buy” rating to a “hold” rating and set a $63.00 price objective on the stock. in a research note on Thursday, April 27th. They noted that the move was a valuation call. Finally, Cowen and Company reiterated a “market perform” rating and set a $60.00 price objective (up from $55.00) on shares of Atlas Air Worldwide Holdings in a research note on Friday, February 24th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. Atlas Air Worldwide Holdings has an average rating of “Hold” and an average price target of $60.00.

Shares of Atlas Air Worldwide Holdings (NASDAQ:AAWW) opened at 52.35 on Friday. The firm has a market capitalization of $1.32 billion, a PE ratio of 32.90 and a beta of 1.38. The firm’s 50 day moving average is $51.45 and its 200-day moving average is $52.87. Atlas Air Worldwide Holdings has a one year low of $34.22 and a one year high of $60.10.

Atlas Air Worldwide Holdings (NASDAQ:AAWW) last posted its quarterly earnings results on Wednesday, May 3rd. The transportation company reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.01. Atlas Air Worldwide Holdings had a net margin of 2.12% and a return on equity of 7.66%. The firm had revenue of $475.40 million for the quarter, compared to the consensus estimate of $451.72 million. During the same quarter in the previous year, the company earned $0.31 earnings per share. The business’s revenue was up 13.6% compared to the same quarter last year. On average, equities research analysts predict that Atlas Air Worldwide Holdings will post $4.61 earnings per share for the current fiscal year.

In other Atlas Air Worldwide Holdings news, EVP Adam Richard Kokas sold 15,596 shares of the stock in a transaction on Tuesday, April 25th. The shares were sold at an average price of $58.51, for a total transaction of $912,521.96. Following the transaction, the executive vice president now directly owns 41,086 shares in the company, valued at approximately $2,403,941.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO William J. Flynn sold 5,000 shares of the stock in a transaction on Monday, April 24th. The shares were sold at an average price of $58.39, for a total transaction of $291,950.00. Following the transaction, the chief executive officer now owns 231,758 shares in the company, valued at $13,532,349.62. The disclosure for this sale can be found here. Insiders have sold a total of 73,914 shares of company stock worth $4,222,860 over the last quarter. 2.50% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of the company. Tudor Investment Corp Et Al increased its stake in Atlas Air Worldwide Holdings by 211.6% in the fourth quarter. Tudor Investment Corp Et Al now owns 15,567 shares of the transportation company’s stock worth $812,000 after buying an additional 10,571 shares in the last quarter. A.R.T. Advisors LLC acquired a new stake in Atlas Air Worldwide Holdings during the fourth quarter worth $203,000. Public Sector Pension Investment Board increased its stake in Atlas Air Worldwide Holdings by 2.9% in the fourth quarter. Public Sector Pension Investment Board now owns 17,741 shares of the transportation company’s stock worth $925,000 after buying an additional 500 shares in the last quarter. Gratus Capital LLC acquired a new stake in Atlas Air Worldwide Holdings during the fourth quarter worth $201,000. Finally, New York State Teachers Retirement System increased its stake in Atlas Air Worldwide Holdings by 0.7% in the fourth quarter. New York State Teachers Retirement System now owns 14,820 shares of the transportation company’s stock worth $773,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 96.87% of the company’s stock.

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Atlas Air Worldwide Holdings Company Profile

Atlas Air Worldwide Holdings, Inc is a holding company. The Company provides outsourced aircraft and aviation operating services throughout the world, serving Africa, Asia, Australia, Europe, the Middle East, North America and South America through contractual service arrangements, including those through which it provides aircraft to customers and value-added services, including crew, maintenance and insurance (ACMI), as well as those through which it provides crew, maintenance and insurance, but not the aircraft (CMI); cargo and passenger charter services (Charter), and dry leasing aircraft and engines (Dry Leasing).

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