Westchester Capital Management LLC Invests $103.06 Million in Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW)

Westchester Capital Management LLC bought a new position in Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW – Get Rating) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,078,379 shares of the transportation company’s stock, valued at approximately $103,061,000. Atlas Air Worldwide makes up about 2.1% of Westchester Capital Management LLC’s portfolio, making the stock its 7th largest holding. Westchester Capital Management LLC owned about 3.80% of Atlas Air Worldwide as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. TCI Wealth Advisors Inc. grew its position in Atlas Air Worldwide by 75.6% during the third quarter. TCI Wealth Advisors Inc. now owns 288 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 124 shares in the last quarter. Quadrant Capital Group LLC grew its position in Atlas Air Worldwide by 657.6% in the third quarter. Quadrant Capital Group LLC now owns 644 shares of the transportation company’s stock worth $62,000 after acquiring an additional 559 shares in the last quarter. Longfellow Investment Management Co. LLC bought a new stake in Atlas Air Worldwide in the third quarter worth approximately $68,000. Wipfli Financial Advisors LLC acquired a new stake in shares of Atlas Air Worldwide in the third quarter worth $80,000. Finally, Penserra Capital Management LLC acquired a new stake in shares of Atlas Air Worldwide in the first quarter worth $111,000.

Atlas Air Worldwide Trading Up 3.2 %

Shares of AAWW stock opened at $102.45 on Thursday. The firm has a fifty day moving average of $101.50 and a 200-day moving average of $100.46. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 0.96. Atlas Air Worldwide Holdings, Inc. has a 52-week low of $58.70 and a 52-week high of $102.46. The stock has a market cap of $2.93 billion, a price-to-earnings ratio of 9.74 and a beta of 1.15.

Atlas Air Worldwide (NASDAQ:AAWW – Get Rating) last issued its quarterly earnings data on Thursday, February 23rd. The transportation company reported $5.17 EPS for the quarter, topping analysts’ consensus estimates of $5.10 by $0.07. Atlas Air Worldwide had a net margin of 7.82% and a return on equity of 14.39%. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the prior year, the firm earned $7.05 EPS. The company’s revenue was up 3.8% on a year-over-year basis. On average, equities research analysts forecast that Atlas Air Worldwide Holdings, Inc. will post 13.81 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Atlas Air Worldwide in a research note on Friday, March 10th. They issued a “hold” rating for the company. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $95.13.

Atlas Air Worldwide Profile

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Atlas Air Worldwide Holdings, Inc engages in the provision of outsourced aircraft and aviation operating services. It operates through the Airline Operations and Dry Leasing segments. The Airline Operations segment provides outsourced aircraft operating services to customers, including express delivery providers, e-commerce retailers, the U.S.