Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) Short Interest Down 8.4% in October

Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWWGet Rating) saw a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 3,180,000 shares, a decrease of 8.4% from the October 15th total of 3,470,000 shares. Currently, 12.0% of the company’s shares are sold short. Based on an average daily trading volume, of 756,300 shares, the days-to-cover ratio is presently 4.2 days.

Atlas Air Worldwide Stock Up 0.1 %

Shares of NASDAQ:AAWW opened at $100.46 on Wednesday. The firm’s 50 day moving average price is $99.36 and its 200 day moving average price is $84.29. The stock has a market cap of $2.85 billion, a price-to-earnings ratio of 8.12 and a beta of 1.14. Atlas Air Worldwide has a fifty-two week low of $58.70 and a fifty-two week high of $101.62. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.54.

Institutional Trading of Atlas Air Worldwide

Several hedge funds have recently added to or reduced their stakes in AAWW. TCI Wealth Advisors Inc. increased its stake in Atlas Air Worldwide by 75.6% in the third quarter. TCI Wealth Advisors Inc. now owns 288 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 124 shares during the last quarter. Spire Wealth Management purchased a new position in Atlas Air Worldwide in the second quarter valued at approximately $30,000. CX Institutional purchased a new position in Atlas Air Worldwide in the second quarter valued at approximately $37,000. Quadrant Capital Group LLC increased its stake in Atlas Air Worldwide by 657.6% in the third quarter. Quadrant Capital Group LLC now owns 644 shares of the transportation company’s stock valued at $62,000 after purchasing an additional 559 shares during the last quarter. Finally, Longfellow Investment Management Co. LLC purchased a new position in shares of Atlas Air Worldwide during the third quarter worth approximately $68,000.

Wall Street Analyst Weigh In

A number of research analysts have commented on AAWW shares. Susquehanna Bancshares cut shares of Atlas Air Worldwide to a “neutral” rating and upped their target price for the company from $95.00 to $102.50 in a research report on Friday, August 5th. Stifel Nicolaus reissued a “downgrade” rating on shares of Atlas Air Worldwide in a research report on Wednesday, August 3rd. Loop Capital cut shares of Atlas Air Worldwide from a “buy” rating to a “hold” rating and set a $102.50 price target on the stock. in a research report on Tuesday, August 9th. StockNews.com assumed coverage on shares of Atlas Air Worldwide in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, Wolfe Research raised shares of Atlas Air Worldwide from an “underperform” rating to a “market perform” rating in a research report on Wednesday, August 3rd. Five analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $95.13.

About Atlas Air Worldwide

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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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