Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) Short Interest Down 8.4% in October

Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWWGet Rating) was the target of a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 3,180,000 shares, a decline of 8.4% from the October 15th total of 3,470,000 shares. Currently, 12.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 756,300 shares, the days-to-cover ratio is currently 4.2 days.

Wall Street Analysts Forecast Growth

AAWW has been the subject of several research reports. Susquehanna Bancshares downgraded Atlas Air Worldwide to a “neutral” rating and lifted their price target for the stock from $95.00 to $102.50 in a research note on Friday, August 5th. Wolfe Research raised Atlas Air Worldwide from an “underperform” rating to a “market perform” rating in a research note on Wednesday, August 3rd. StockNews.com initiated coverage on Atlas Air Worldwide in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Cowen lifted their price target on Atlas Air Worldwide to $102.50 in a research note on Tuesday, August 9th. Finally, Loop Capital cut Atlas Air Worldwide from a “buy” rating to a “hold” rating and set a $102.50 price objective for the company. in a research report on Tuesday, August 9th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, Atlas Air Worldwide presently has an average rating of “Hold” and a consensus target price of $95.13.

Atlas Air Worldwide Stock Up 0.1 %

AAWW opened at $100.46 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a market capitalization of $2.85 billion, a price-to-earnings ratio of 8.12 and a beta of 1.14. The business has a 50-day moving average of $99.36 and a two-hundred day moving average of $84.29. Atlas Air Worldwide has a 12 month low of $58.70 and a 12 month high of $101.62.

Institutional Trading of Atlas Air Worldwide

A number of institutional investors have recently modified their holdings of the company. TCI Wealth Advisors Inc. lifted its position in Atlas Air Worldwide by 75.6% during the 3rd quarter. TCI Wealth Advisors Inc. now owns 288 shares of the transportation company’s stock worth $28,000 after acquiring an additional 124 shares in the last quarter. Spire Wealth Management acquired a new position in shares of Atlas Air Worldwide in the 2nd quarter valued at approximately $30,000. CX Institutional bought a new stake in shares of Atlas Air Worldwide in the 2nd quarter valued at approximately $37,000. Quadrant Capital Group LLC increased its holdings in shares of Atlas Air Worldwide by 657.6% in the 3rd quarter. Quadrant Capital Group LLC now owns 644 shares of the transportation company’s stock valued at $62,000 after acquiring an additional 559 shares during the last quarter. Finally, Longfellow Investment Management Co. LLC bought a new stake in shares of Atlas Air Worldwide in the 3rd quarter valued at approximately $68,000.

Atlas Air Worldwide Company Profile

(Get Rating)

Atlas Air Worldwide Holdings, Inc, through its subsidiaries, provides outsourced aircraft and aviation operating services. It operates through two segments, Airline Operations 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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