Atlas Air Worldwide (NASDAQ:AAWW) Downgraded by StockNews.com to Hold

StockNews.com downgraded shares of Atlas Air Worldwide (NASDAQ:AAWWGet Rating) from a buy rating to a hold rating in a research report sent to investors on Monday.

Separately, Wolfe Research cut shares of Atlas Air Worldwide from a peer perform rating to an underperform rating and set a $73.00 price target on the stock. in a research report on Tuesday, April 5th.

Atlas Air Worldwide Price Performance

Atlas Air Worldwide stock opened at $84.99 on Monday. Atlas Air Worldwide has a 1 year low of $58.70 and a 1 year high of $97.13. The firm has a 50 day moving average price of $66.13 and a 200 day moving average price of $72.84. The company has a market cap of $2.40 billion, a price-to-earnings ratio of 5.53 and a beta of 1.31. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 0.81.

Atlas Air Worldwide (NASDAQ:AAWWGet Rating) last released 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 the consensus estimate of $1.02 billion. Atlas Air Worldwide had a net margin of 11.53% and a return on equity of 21.23%. Atlas Air Worldwide’s revenue was up 20.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.45 earnings per share. Sell-side analysts predict that Atlas Air Worldwide will post 16.27 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Bank of New Hampshire acquired a new position in shares of Atlas Air Worldwide during the first quarter worth $25,000. CWM LLC lifted its position in shares of Atlas Air Worldwide by 83.2% during the first quarter. CWM LLC now owns 328 shares of the transportation company’s stock worth $28,000 after purchasing an additional 149 shares in the last quarter. First Quadrant LLC CA acquired a new position in shares of Atlas Air Worldwide during the first quarter worth $37,000. Spire Wealth Management acquired a new stake in Atlas Air Worldwide in the second quarter valued at $30,000. Finally, Byrne Asset Management LLC acquired a new stake in Atlas Air Worldwide in the fourth quarter valued at $69,000.

Atlas Air Worldwide Company Profile

(Get Rating)

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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