New York State Common Retirement Fund cut its holdings in shares of Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) by 65.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,734 shares of the transportation company’s stock after selling 105,996 shares during the period. New York State Common Retirement Fund owned about 0.22% of Atlas Air Worldwide worth $3,601,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Towle & Co. lifted its stake in shares of Atlas Air Worldwide by 3.6% in the 3rd quarter. Towle & Co. now owns 684,333 shares of the transportation company’s stock valued at $45,029,000 after purchasing an additional 23,575 shares during the period. Tygh Capital Management Inc. lifted its stake in shares of Atlas Air Worldwide by 61.2% in the 3rd quarter. Tygh Capital Management Inc. now owns 112,790 shares of the transportation company’s stock valued at $7,422,000 after purchasing an additional 42,808 shares during the period. USA Financial Portformulas Corp acquired a new position in shares of Atlas Air Worldwide in the 3rd quarter valued at $339,000. Stevens Capital Management LP lifted its stake in shares of Atlas Air Worldwide by 71.6% in the 3rd quarter. Stevens Capital Management LP now owns 11,466 shares of the transportation company’s stock valued at $754,000 after purchasing an additional 4,785 shares during the period. Finally, Emerald Mutual Fund Advisers Trust acquired a new position in shares of Atlas Air Worldwide in the 3rd quarter valued at $4,951,000. Institutional investors and hedge funds own 96.40% of the company’s stock.

In other news, CEO William J. Flynn sold 5,000 shares of the firm’s stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $65.59, for a total value of $327,950.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 25,195 shares of company stock valued at $1,616,785 in the last 90 days. 2.50% of the stock is owned by corporate insiders.

Shares of Atlas Air Worldwide Holdings, Inc. (AAWW) opened at $59.40 on Thursday. Atlas Air Worldwide Holdings, Inc. has a 12 month low of $45.45 and a 12 month high of $68.70. The stock has a market capitalization of $1,510.00, a PE ratio of 36.22 and a beta of 1.38. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.21.

Atlas Air Worldwide (NASDAQ:AAWW) last released its quarterly earnings results on Tuesday, November 7th. The transportation company reported $1.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.13 by ($0.05). The firm had revenue of $535.70 million during the quarter, compared to analyst estimates of $521.29 million. Atlas Air Worldwide had a net margin of 2.06% and a return on equity of 8.14%. The business’s revenue for the quarter was up 19.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.09 EPS. equities research analysts forecast that Atlas Air Worldwide Holdings, Inc. will post 4.64 earnings per share for the current fiscal year.

Several analysts recently commented on the company. Cowen reaffirmed a “hold” rating and set a $70.00 price objective on shares of Atlas Air Worldwide in a research note on Tuesday, September 5th. ValuEngine raised Atlas Air Worldwide from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Stifel Nicolaus reaffirmed a “hold” rating and set a $69.00 price objective on shares of Atlas Air Worldwide in a research note on Tuesday, September 12th. Zacks Investment Research downgraded Atlas Air Worldwide from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Finally, BidaskClub raised Atlas Air Worldwide from a “strong sell” rating to a “sell” rating in a research note on Thursday, December 21st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Atlas Air Worldwide currently has a consensus rating of “Buy” and a consensus target price of $70.00.

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About Atlas Air Worldwide

Atlas Air Worldwide Holdings, Inc is a holding company. The Company provides outsourced aircraft and aviation operating services throughout the world, serving Africa, Asia, Australia, Europe, the Middle East, North America and South America through contractual service arrangements, including those through which it provides aircraft to customers and value-added services, including crew, maintenance and insurance (ACMI), as well as those through which it provides crew, maintenance and insurance, but not the aircraft (CMI); cargo and passenger charter services (Charter), and dry leasing aircraft and engines (Dry Leasing).

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

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