Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) Sees Significant Growth in Short Interest

Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW – Get Rating) was the recipient of a large increase in short interest during the month of December. As of December 30th, there was short interest totalling 2,630,000 shares, an increase of 8.7% from the December 15th total of 2,420,000 shares. Currently, 9.9% of the company’s shares are sold short. Based on an average daily trading volume, of 403,200 shares, the days-to-cover ratio is presently 6.5 days.

Atlas Air Worldwide Trading Up 0.2 %

AAWW opened at $102.03 on Friday. The stock has a market cap of $2.89 billion, a PE ratio of 8.25 and a beta of 1.11. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.54. The business has a 50 day moving average of $100.89 and a 200-day moving average of $95.52. Atlas Air Worldwide has a 52 week low of $58.70 and a 52 week high of $102.04.

Atlas Air Worldwide (NASDAQ:AAWW – Get Rating) last released its earnings results on Thursday, November 3rd. The transportation company reported $2.69 EPS for the quarter, missing analysts’ consensus estimates of $4.50 by ($1.81). The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Atlas Air Worldwide had a net margin of 9.03% and a return on equity of 16.76%. Equities research analysts predict that Atlas Air Worldwide will post 13.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Atlas Air Worldwide in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $95.13.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. BTC Capital Management Inc. raised its stake in shares of Atlas Air Worldwide by 4.8% in the second quarter. BTC Capital Management Inc. now owns 3,834 shares of the transportation company’s stock worth $241,000 after purchasing an additional 176 shares during the last quarter. Empirical Finance LLC bought a new stake in shares of Atlas Air Worldwide in the second quarter worth $396,000. Versor Investments LP grew its holdings in shares of Atlas Air Worldwide by 99.6% in the second quarter. Versor Investments LP now owns 13,476 shares of the transportation company’s stock worth $832,000 after acquiring an additional 6,724 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of Atlas Air Worldwide in the second quarter worth $723,000. Finally, Byrne Asset Management LLC grew its holdings in shares of Atlas Air Worldwide by 16.6% in the third quarter. Byrne Asset Management LLC now owns 1,423 shares of the transportation company’s stock worth $136,000 after acquiring an additional 203 shares during the period.

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.