Bridgeway Capital Management Inc. Acquires 59,500 Shares of Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW)

Bridgeway Capital Management Inc. raised its holdings in shares of Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) by 69.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 145,100 shares of the transportation company’s stock after purchasing an additional 59,500 shares during the period. Bridgeway Capital Management Inc. owned 0.56% of Atlas Air Worldwide worth $6,244,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AAWW. Emerald Mutual Fund Advisers Trust bought a new position in Atlas Air Worldwide during the 2nd quarter valued at approximately $33,000. Procyon Private Wealth Partners LLC bought a new position in Atlas Air Worldwide during the 1st quarter valued at approximately $36,000. PNC Financial Services Group Inc. raised its position in Atlas Air Worldwide by 104.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,042 shares of the transportation company’s stock valued at $79,000 after purchasing an additional 1,554 shares during the last quarter. Ameritas Investment Partners Inc. raised its position in Atlas Air Worldwide by 17.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,274 shares of the transportation company’s stock valued at $98,000 after purchasing an additional 344 shares during the last quarter. Finally, UBS Group AG raised its position in Atlas Air Worldwide by 294.1% during the 1st quarter. UBS Group AG now owns 6,006 shares of the transportation company’s stock valued at $154,000 after purchasing an additional 4,482 shares during the last quarter.

Shares of Atlas Air Worldwide stock traded up $1.59 during midday trading on Wednesday, hitting $61.07. The company had a trading volume of 10,394 shares, compared to its average volume of 398,988. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market capitalization of $1.51 billion, a P/E ratio of -6.35 and a beta of 1.70. The company has a 50 day moving average of $56.58 and a 200 day moving average of $39.86. Atlas Air Worldwide Holdings, Inc. has a 52-week low of $14.97 and a 52-week high of $61.66.

Atlas Air Worldwide (NASDAQ:AAWW) last posted its quarterly earnings results on Thursday, August 6th. The transportation company reported $4.71 earnings per share for the quarter, topping the consensus estimate of $2.07 by $2.64. The company had revenue of $825.30 million for the quarter, compared to the consensus estimate of $758.42 million. Atlas Air Worldwide had a positive return on equity of 13.46% and a negative net margin of 8.66%. The firm’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.17 EPS. Equities research analysts forecast that Atlas Air Worldwide Holdings, Inc. will post 11.65 EPS for the current year.

In other Atlas Air Worldwide news, Director William J. Flynn sold 5,000 shares of the stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $53.95, for a total transaction of $269,750.00. Following the sale, the director now directly owns 76,979 shares in the company, valued at approximately $4,153,017.05. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Keith H. Mayer sold 4,000 shares of the stock in a transaction on Monday, August 10th. The shares were sold at an average price of $60.32, for a total value of $241,280.00. Following the sale, the senior vice president now owns 5,479 shares in the company, valued at $330,493.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,500 shares of company stock worth $1,591,350. Company insiders own 2.40% of the company’s stock.

Several brokerages have recently issued reports on AAWW. BidaskClub lowered Atlas Air Worldwide from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 26th. Cowen increased their target price on Atlas Air Worldwide from $44.00 to $49.00 and gave the stock a “market perform” rating in a research report on Friday, August 7th. Finally, Stifel Nicolaus increased their target price on Atlas Air Worldwide from $50.00 to $51.00 and gave the stock a “buy” rating in a research report on Tuesday, June 30th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $41.40.

Atlas Air Worldwide 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.

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

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