03 August, 2017
The company's stock had a trading volume of 17,587 shares. Following the completion of the sale, the chief executive officer now directly owns 211,958 shares of the company's stock, valued at approximately $11,678,885.80. The company stated that, "We believe the current demand, including our new services for Asiana Cargo, Cathay Pacific Cargo, FedEx, Hong Kong Air Cargo, Nippon Cargo Airlines and Yangtze River Airlines, the initial accretion from our Amazon operations, and the first full year of contribution from Southern Air provide a strong foundation for earnings growth". Alliancebernstein L.P. increased its position in shares of Atlas Air Worldwide Holdings by 33.2% in the first quarter. Atlas Financial Holdings Inc's Wall Street analysts see -31.15 % negative EPS growth, taking into account the $0.61 EPS reproted in the previous quarter, About 5,247 shares traded. Analysts predict that Atlas Air Worldwide Holdings will post $4.64 EPS for the current year. BlackRock Inc. now owns 3,013,229 shares of the transportation company's stock worth $167,084,000 after buying an additional 3,007,336 shares during the last quarter. Imperial Capital boosted their price objective on shares of Atlas Air Worldwide Holdings from $60.00 to $70.00 and gave the stock an "outperform" rating in a research note on Thursday, May 4th. Finally, State of Alaska Department of Revenue increased its position in shares of Atlas Air Worldwide Holdings by 3.0% in the first quarter. Institutional investors and hedge funds own 95.18% of the company's stock. Atlas Air Worldwide Holdings had 11 analyst reports since August 5, 2015 according to SRatingsIntel. 399,829 shares of the stock were exchanged. The 50 day moving average was up $4.34 or +7.88% whereas the 200 day moving average was up $5.69 or +10.59%. The stock has a market capitalization of $1.51 billion, a P/E ratio of 37.68 and a beta of 1.43. Atlas Air Worldwide Holdings has $65 highest and $41 lowest target.
Atlas Air Worldwide Holdings (NASDAQ:AAWW) last announced its quarterly earnings results on Wednesday, May 3rd. The transportation company reported $1.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.85 by $0.24. The business had revenue of $475.40 million during the quarter, compared to the consensus estimate of $451.72 million. Its subsidiaries include Atlas Air, Inc. The business's revenue for the quarter was up 16.7% compared to the same quarter past year.
ILLEGAL ACTIVITY NOTICE: "California Public Employees Retirement System Purchases 2,600 Shares of Atlas Air Worldwide Holdings (AAWW)" was posted by BNB Daily and is owned by of BNB Daily.
TRADEMARK VIOLATION WARNING: This piece was originally reported by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this story on another site, it was stolen and republished in violation of USA & worldwide copyright legislation. Finally, JMP Securities initiated coverage on Atlas Financial Holdings in a research report on Wednesday, May 24th.
A number of equities analysts have weighed in on the stock. ValuEngine downgraded Atlas Financial Holdings from a "hold" rating to a "sell" rating in a research report on Friday, June 16th. They noted that the move was a valuation call. They issued an "outperform" rating and a $18.00 price target for the company. Atlas Air Worldwide Holdings presently has a consensus rating of "Hold" and an average target price of $60.00.
In related news, CEO William J. Flynn sold 5,000 shares of the firm's stock in a transaction on Monday, July 10th. The shares were sold at an average price of $58.59, for a total value of $292,950.00. The firm owned 8,112 shares of the insurance provider's stock after selling 236 shares during the period. Corporate insiders own 2.50% of the company's stock.
Atlas Financial Holdings Inc formerly JJR VI Acquisition Corp is a Canada company.
