Atlas Air Worldwide (NASDAQ:AAWW) Stock Price Up 3.7%

Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWWGet Rating)’s share price rose 3.7% on Tuesday . The stock traded as high as $66.40 and last traded at $66.36. Approximately 726 shares traded hands during mid-day trading, a decline of 100% from the average daily volume of 425,257 shares. The stock had previously closed at $63.99.

Several research firms recently commented on AAWW. StockNews.com upgraded shares of Atlas Air Worldwide from a “hold” rating to a “buy” rating in a report on Friday, May 27th. Wolfe Research cut shares of Atlas Air Worldwide from a “peer perform” rating to an “underperform” rating and set a $73.00 price target for the company. in a report on Tuesday, April 5th.

The company has a debt-to-equity ratio of 0.58, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of 4.16 and a beta of 1.25. The firm’s fifty day moving average is $68.98 and its 200 day moving average is $78.77.

Atlas Air Worldwide (NASDAQ:AAWWGet Rating) last posted its earnings results on Thursday, May 5th. The transportation company reported $2.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.59 by $0.40. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Atlas Air Worldwide had a net margin of 11.53% and a return on equity of 21.23%. The company’s revenue was up 20.4% compared to the same quarter last year. During the same period in the previous year, the company earned $2.45 earnings per share. Equities research analysts forecast that Atlas Air Worldwide Holdings, Inc. will post 16.27 EPS for the current fiscal year.

Atlas Air Worldwide announced that its board has initiated a share buyback plan on Thursday, February 17th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the transportation company to purchase up to 8.8% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

In other Atlas Air Worldwide news, EVP Adam Richard Kokas sold 9,975 shares of Atlas Air Worldwide stock in a transaction that occurred on Monday, March 21st. The shares were sold at an average price of $88.45, for a total value of $882,288.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is owned by insiders.

Several institutional investors have recently modified their holdings of the company. Vise Technologies Inc. acquired a new stake in shares of Atlas Air Worldwide in the first quarter worth $230,000. Range Financial Group LLC acquired a new stake in shares of Atlas Air Worldwide in the first quarter worth $311,000. Quantbot Technologies LP acquired a new stake in shares of Atlas Air Worldwide in the first quarter worth $924,000. Greenlight Capital Inc. lifted its stake in shares of Atlas Air Worldwide by 3.8% in the first quarter. Greenlight Capital Inc. now owns 846,000 shares of the transportation company’s stock worth $73,070,000 after buying an additional 31,000 shares during the last quarter. Finally, Guggenheim Capital LLC increased its position in Atlas Air Worldwide by 24.8% during the first quarter. Guggenheim Capital LLC now owns 6,945 shares of the transportation company’s stock worth $600,000 after acquiring an additional 1,379 shares during the period.

Atlas Air Worldwide Company Profile (NASDAQ:AAWW)

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.

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