Ontario Teachers Pension Plan Board bought a new stake in Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) during the 1st quarter, Holdings Channel reports. The fund bought 8,056 shares of the transportation company’s stock, valued at approximately $407,000.

Several other large investors have also recently modified their holdings of the company. NumerixS Investment Technologies Inc purchased a new stake in shares of Atlas Air Worldwide in the first quarter valued at about $68,000. Envestnet Asset Management Inc. purchased a new stake in Atlas Air Worldwide during the first quarter worth about $221,000. CIBC World Markets Inc. lifted its holdings in shares of Atlas Air Worldwide by 1.9% in the first quarter. CIBC World Markets Inc. now owns 53,641 shares of the transportation company’s stock valued at $2,712,000 after purchasing an additional 978 shares in the last quarter. Anchor Capital Advisors LLC lifted its holdings in shares of Atlas Air Worldwide by 42.5% in the first quarter. Anchor Capital Advisors LLC now owns 36,092 shares of the transportation company’s stock valued at $1,825,000 after purchasing an additional 10,768 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in shares of Atlas Air Worldwide in the first quarter valued at approximately $427,000.

Shares of NASDAQ:AAWW traded down $0.57 during mid-day trading on Wednesday, hitting $40.86. 1,919 shares of the company traded hands, compared to its average volume of 297,859. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.29. Atlas Air Worldwide Holdings, Inc. has a 12-month low of $35.04 and a 12-month high of $75.29. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 5.67 and a beta of 1.93.

Atlas Air Worldwide (NASDAQ:AAWW) last announced its earnings results on Wednesday, May 1st. The transportation company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.12. The business had revenue of $679.70 million for the quarter, compared to analyst estimates of $679.72 million. Atlas Air Worldwide had a return on equity of 10.76% and a net margin of 8.36%. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.86 EPS. As a group, equities research analysts expect that Atlas Air Worldwide Holdings, Inc. will post 7.47 earnings per share for the current year.

In other news, Director John K. Wulff bought 5,000 shares of Atlas Air Worldwide stock in a transaction dated Tuesday, May 21st. The shares were purchased at an average cost of $39.75 per share, with a total value of $198,750.00. Following the completion of the acquisition, the director now owns 24,979 shares of the company’s stock, valued at approximately $992,915.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.10% of the stock is currently owned by insiders.

Several research firms have recently issued reports on AAWW. Cowen reissued an “outperform” rating and issued a $68.00 price objective (down previously from $70.00) on shares of Atlas Air Worldwide in a research report on Thursday, May 2nd. ValuEngine cut shares of Atlas Air Worldwide from a “hold” rating to a “sell” rating in a report on Monday, February 25th. BidaskClub lowered shares of Atlas Air Worldwide from a “sell” rating to a “strong sell” rating in a research report on Thursday, March 14th. Zacks Investment Research upgraded shares of Atlas Air Worldwide from a “sell” rating to a “hold” rating in a report on Monday, February 18th. Finally, Imperial Capital restated an “outperform” rating and set a $79.00 price target (up from $76.00) on shares of Atlas Air Worldwide in a report on Wednesday, February 20th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $67.67.

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Atlas Air Worldwide Company Profile

Atlas Air Worldwide Holdings, Inc, through its subsidiaries, provides outsourced aircraft and aviation operating services. It operates through three segments: ACMI, Charter, 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.

Further Reading: Trading Strategy Methods and Types

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

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