Principal Financial Group Inc. Has $22.80 Million Stock Holdings in Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW)

Principal Financial Group Inc. lessened its holdings in Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWWGet Rating) by 0.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 369,403 shares of the transportation company’s stock after selling 1,943 shares during the period. Principal Financial Group Inc. owned about 1.30% of Atlas Air Worldwide worth $22,795,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Spire Wealth Management purchased a new stake in shares of Atlas Air Worldwide during the second quarter worth $30,000. CX Institutional purchased a new stake in shares of Atlas Air Worldwide during the second quarter worth $37,000. Nisa Investment Advisors LLC purchased a new stake in shares of Atlas Air Worldwide during the first quarter worth $91,000. Carolina Wealth Advisors LLC raised its holdings in shares of Atlas Air Worldwide by 11.1% during the second quarter. Carolina Wealth Advisors LLC now owns 1,605 shares of the transportation company’s stock worth $99,000 after acquiring an additional 161 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of Atlas Air Worldwide during the first quarter worth $110,000.

Analyst Ratings Changes

Several analysts recently issued reports on AAWW shares. Cowen increased their price objective on Atlas Air Worldwide to $102.50 in a report on Tuesday, August 9th. StockNews.com began coverage on Atlas Air Worldwide in a report on Wednesday, October 12th. They set a “hold” rating for the company. Loop Capital lowered Atlas Air Worldwide from a “buy” rating to a “hold” rating and set a $102.50 target price on the stock. in a report on Tuesday, August 9th. Stifel Nicolaus restated a “downgrade” rating on shares of Atlas Air Worldwide in a report on Wednesday, August 3rd. Finally, Susquehanna lowered Atlas Air Worldwide from a “positive” rating to a “neutral” rating in a report on Friday, August 5th. Five analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $95.13.

Atlas Air Worldwide Trading Up 0.6 %

Shares of NASDAQ:AAWW opened at $100.64 on Monday. The company has a market cap of $2.85 billion, a P/E ratio of 8.14 and a beta of 1.14. The stock’s 50-day moving average is $99.39 and its 200-day moving average is $84.92. Atlas Air Worldwide Holdings, Inc. has a 52-week low of $58.70 and a 52-week high of $101.62. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.72 and a current ratio of 0.72.

About Atlas Air Worldwide

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

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