Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) Shares Bought by Verition Fund Management LLC
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 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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