Verition Fund Management LLC boosted its stake in shares of Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) by 5.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,034 shares of the transportation company’s stock after acquiring an additional 1,103 shares during the quarter. Verition Fund Management LLC owned 0.09% of Atlas Air Worldwide worth $1,580,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Amalgamated Bank bought a new stake in shares of Atlas Air Worldwide during the first quarter worth $202,000. Element Capital Management LLC bought a new stake in shares of Atlas Air Worldwide during the first quarter worth $217,000. CIBC Asset Management Inc bought a new stake in shares of Atlas Air Worldwide during the second quarter worth $221,000. Janney Montgomery Scott LLC bought a new position in Atlas Air Worldwide in the second quarter valued at about $233,000. Finally, Paloma Partners Management Co bought a new position in Atlas Air Worldwide in the second quarter valued at about $238,000.

In other news, CEO William J. Flynn sold 5,000 shares of the firm’s stock in a transaction dated Monday, July 30th. The stock was sold at an average price of $67.05, for a total transaction of $335,250.00. Following the sale, the chief executive officer now owns 111,958 shares of the company’s stock, valued at $7,506,783.90. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 2.20% of the company’s stock.

AAWW has been the topic of several recent research reports. Wolfe Research cut Atlas Air Worldwide from a “peer perform” rating to an “underperform” rating in a report on Friday, October 5th. Deutsche Bank initiated coverage on Atlas Air Worldwide in a report on Tuesday, September 4th. They issued a “buy” rating and a $76.00 price target on the stock. ValuEngine cut Atlas Air Worldwide from a “hold” rating to a “sell” rating in a report on Friday, August 3rd. BidaskClub cut Atlas Air Worldwide from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 8th. Finally, Susquehanna Bancshares set a $77.00 price target on Atlas Air Worldwide and gave the company a “buy” rating in a report on Friday, August 3rd. Three research analysts have rated the stock with a sell rating and six have issued a buy rating to the company. Atlas Air Worldwide has a consensus rating of “Hold” and a consensus price target of $78.67.

AAWW traded up $1.05 during midday trading on Friday, reaching $53.13. 443,167 shares of the company were exchanged, compared to its average volume of 260,703. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.27. Atlas Air Worldwide Holdings, Inc. has a one year low of $50.65 and a one year high of $75.29. The stock has a market cap of $1.63 billion, a P/E ratio of 10.78 and a beta of 1.17.

Atlas Air Worldwide (NASDAQ:AAWW) last released its quarterly earnings results on Thursday, August 2nd. The transportation company reported $1.75 EPS for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.50. The company had revenue of $666.15 million for the quarter, compared to analyst estimates of $634.93 million. Atlas Air Worldwide had a return on equity of 9.80% and a net margin of 7.18%. Atlas Air Worldwide’s revenue was up 28.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.09 earnings per share. As a group, equities analysts forecast that Atlas Air Worldwide Holdings, Inc. will post 6.87 EPS for the current year.

About Atlas Air Worldwide

Atlas Air Worldwide Holdings, Inc, through its subsidiaries, provides outsourced aircraft and aviation operating services worldwide. It operates through three segments: ACMI, Charter, and Dry Leasing. The company offers outsourced cargo and passenger aircraft operating solutions comprising contractual service arrangements, which include the provision of aircraft; and value-added services, such as 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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