Emerald Advisers Inc. PA Sells 3,838 Shares of Atlas Air Worldwide Holdings, Inc. (AAWW)

Emerald Advisers Inc. PA reduced its holdings in shares of Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) by 1.3% during the third quarter, Holdings Channel reports. The fund owned 293,810 shares of the transportation company’s stock after selling 3,838 shares during the period. Emerald Advisers Inc. PA’s holdings in Atlas Air Worldwide were worth $18,730,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of AAWW. CIBC Asset Management Inc purchased a new stake in shares of Atlas Air Worldwide during the second quarter valued at approximately $221,000. Janney Montgomery Scott LLC purchased a new stake in shares of Atlas Air Worldwide during the second quarter valued at approximately $233,000. Paloma Partners Management Co purchased a new stake in shares of Atlas Air Worldwide during the second quarter valued at approximately $238,000. Thompson Siegel & Walmsley LLC purchased a new stake in shares of Atlas Air Worldwide during the second quarter valued at approximately $344,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Atlas Air Worldwide during the second quarter valued at approximately $388,000.

A number of research firms have recently weighed in on AAWW. BidaskClub lowered Atlas Air Worldwide from a “hold” rating to a “sell” rating in a research note on Tuesday, July 17th. Susquehanna Bancshares set a $77.00 price objective on Atlas Air Worldwide and gave the company a “buy” rating in a research note on Friday, August 3rd. TheStreet lowered Atlas Air Worldwide from a “b-” rating to a “c+” rating in a research note on Monday. ValuEngine lowered Atlas Air Worldwide from a “buy” rating to a “hold” rating in a research note on Monday, July 16th. Finally, Deutsche Bank began coverage on Atlas Air Worldwide in a research note on Tuesday, September 4th. They set a “buy” rating and a $76.00 price objective for the company. Three research analysts have rated the stock with a sell rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $78.67.

NASDAQ:AAWW opened at $51.62 on Thursday. The company has a market cap of $1.25 billion, a PE ratio of 7.97 and a beta of 1.17. Atlas Air Worldwide Holdings, Inc. has a fifty-two week low of $48.19 and a fifty-two week high of $75.29. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.27.

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

Atlas Air Worldwide Profile

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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