Raymond James Financial Services Advisors Inc. Makes New $1.10 Million Investment in Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW)

Raymond James Financial Services Advisors Inc. bought a new position in shares of Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW – Get Rating) in the third quarter, HoldingsChannel.com reports. The firm bought 11,478 shares of the transportation company’s stock, valued at approximately $1,097,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Louisiana State Employees Retirement System acquired a new position in Atlas Air Worldwide during the 3rd quarter worth $1,176,000. Byrne Asset Management LLC lifted its position in Atlas Air Worldwide by 16.6% during the 3rd quarter. Byrne Asset Management LLC now owns 1,423 shares of the transportation company’s stock worth $136,000 after acquiring an additional 203 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in Atlas Air Worldwide during the 3rd quarter worth $668,000. Private Advisor Group LLC acquired a new position in Atlas Air Worldwide during the 3rd quarter worth $296,000. Finally, Hussman Strategic Advisors Inc. lifted its position in Atlas Air Worldwide by 40.0% during the 2nd quarter. Hussman Strategic Advisors Inc. now owns 36,400 shares of the transportation company’s stock worth $2,246,000 after acquiring an additional 10,400 shares during the last quarter.

Atlas Air Worldwide Stock Up 0.2 %

Shares of AAWW opened at $102.03 on Friday. The company has a 50-day simple moving average of $100.89 and a 200-day simple moving average of $95.29. The firm has a market capitalization of $2.89 billion, a P/E ratio of 8.25 and a beta of 1.11. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.72 and a current ratio of 0.72. Atlas Air Worldwide Holdings, Inc. has a 52 week low of $58.70 and a 52 week high of $102.04.

Atlas Air Worldwide (NASDAQ:AAWW – Get Rating) last announced its quarterly earnings data on Thursday, November 3rd. The transportation company reported $2.69 EPS for the quarter, missing analysts’ consensus estimates of $4.50 by ($1.81). Atlas Air Worldwide had a net margin of 9.03% and a return on equity of 16.76%. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.18 billion. On average, equities research analysts expect that Atlas Air Worldwide Holdings, Inc. will post 13.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Atlas Air Worldwide in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Five research analysts have rated the stock with a hold rating, According to MarketBeat, Atlas Air Worldwide presently has a consensus rating of “Hold” and an average price target of $95.13.

About Atlas Air Worldwide

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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.