State of Alaska Department of Revenue Purchases 11,064 Shares of Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW)

State of Alaska Department of Revenue grew its holdings in Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) by 125.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,863 shares of the transportation company’s stock after acquiring an additional 11,064 shares during the quarter. State of Alaska Department of Revenue owned 0.08% of Atlas Air Worldwide worth $501,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Investors Research Corp raised its position in Atlas Air Worldwide by 4.8% during the second quarter. Investors Research Corp now owns 5,450 shares of the transportation company’s stock valued at $243,000 after acquiring an additional 250 shares in the last quarter. Arizona State Retirement System increased its position in shares of Atlas Air Worldwide by 1.0% in the second quarter. Arizona State Retirement System now owns 40,102 shares of the transportation company’s stock valued at $1,790,000 after buying an additional 381 shares in the last quarter. Parallel Advisors LLC increased its position in shares of Atlas Air Worldwide by 273.0% in the second quarter. Parallel Advisors LLC now owns 731 shares of the transportation company’s stock valued at $33,000 after buying an additional 535 shares in the last quarter. Swiss National Bank increased its position in shares of Atlas Air Worldwide by 5.3% in the second quarter. Swiss National Bank now owns 11,900 shares of the transportation company’s stock valued at $531,000 after buying an additional 600 shares in the last quarter. Finally, United Services Automobile Association increased its position in shares of Atlas Air Worldwide by 9.0% in the second quarter. United Services Automobile Association now owns 8,642 shares of the transportation company’s stock valued at $386,000 after buying an additional 714 shares in the last quarter. 97.24% of the stock is owned by hedge funds and other institutional investors.

Shares of AAWW stock traded up $0.23 on Friday, hitting $26.69. The stock had a trading volume of 297,200 shares, compared to its average volume of 378,177. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.39 and a quick ratio of 0.39. The firm has a market capitalization of $679.11 million, a P/E ratio of 3.67 and a beta of 2.17. Atlas Air Worldwide Holdings, Inc. has a 1 year low of $20.61 and a 1 year high of $60.72. The company’s 50 day moving average price is $23.61 and its 200-day moving average price is $34.07.

Atlas Air Worldwide (NASDAQ:AAWW) last announced its quarterly earnings data on Wednesday, October 30th. The transportation company reported $0.37 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.97 by ($0.60). The firm had revenue of $648.54 million during the quarter, compared to the consensus estimate of $699.08 million. Atlas Air Worldwide had a net margin of 11.90% and a return on equity of 6.10%. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.54 earnings per share. On average, equities analysts forecast that Atlas Air Worldwide Holdings, Inc. will post 4.8 EPS for the current year.

In other Atlas Air Worldwide news, CFO Spencer Schwartz sold 6,500 shares of the company’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $21.84, for a total value of $141,960.00. Following the transaction, the chief financial officer now owns 28,741 shares of the company’s stock, valued at $627,703.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 19,500 shares of company stock worth $474,955 in the last ninety days. 2.20% of the stock is owned by corporate insiders.

Several analysts recently commented on AAWW shares. Susquehanna Bancshares cut Atlas Air Worldwide from a “positive” rating to a “neutral” rating and dropped their price target for the stock from $43.00 to $30.00 in a research report on Tuesday, September 17th. Zacks Investment Research cut Atlas Air Worldwide from a “hold” rating to a “sell” rating in a research report on Friday, August 2nd. ValuEngine upgraded Atlas Air Worldwide from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Wolfe Research raised Atlas Air Worldwide from an “underperform” rating to a “peer perform” rating in a research note on Friday, October 4th. Finally, Stifel Nicolaus set a $38.00 price target on Atlas Air Worldwide and gave the company a “buy” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $43.00.

About Atlas Air Worldwide

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.

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

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