Towle Co buys $24.2 Million stake in Atlas Air Worldwide Holdings (AAWW)

Atlas Air Worldwide Holdings (AAWW) : Towle Co scooped up 12,544 additional shares in Atlas Air Worldwide Holdings during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 547,346 shares of Atlas Air Worldwide Holdings which is valued at $24.2 Million.Atlas Air Worldwide Holdings makes up approximately 4.61% of Towle Co’s portfolio.

Other Hedge Funds, Including , New Amsterdam Partnersny added AAWW to its portfolio by purchasing 115,680 company shares during the most recent quarter which is valued at $5.1 Million. Atlas Air Worldwide Holdings makes up approx 0.57% of New Amsterdam Partnersny’s portfolio. Nisa Investment Advisors L.l.c. added AAWW to its portfolio by purchasing 400 company shares during the most recent quarter which is valued at $15,976.State Of New Jersey Common Pension Fund D boosted its stake in AAWW in the latest quarter, The investment management firm added 10,000 additional shares and now holds a total of 310,000 shares of Atlas Air Worldwide Holdings which is valued at $12.4 Million. Atlas Air Worldwide Holdings makes up approx 0.06% of State Of New Jersey Common Pension Fund D’s portfolio.First Midwest Bank Trust Division reduced its stake in AAWW by selling 30 shares or 0.29% in the most recent quarter. The Hedge Fund company now holds 10,246 shares of AAWW which is valued at $409,225. Atlas Air Worldwide Holdings makes up approx 0.05% of First Midwest Bank Trust Division’s portfolio.

Atlas Air Worldwide Holdings closed down -0.76 points or -1.72% at $43.5 with 4,04,257 shares getting traded on Monday. Post opening the session at $44.25, the shares hit an intraday low of $43.17 and an intraday high of $44.615 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Atlas Air Worldwide Holdings reported $0.31 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.26. The company had revenue of $418.60 million for the quarter, compared to analysts expectations of $418.61 million. The company’s revenue was down -5.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.03 EPS.

Many Wall Street Analysts have commented on Atlas Air Worldwide Holdings. Company shares were Reiterated by RBC Capital Mkts on May 6, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 49 from a previous price target of $41 .Company shares were Reiterated by Cowen on May 6, 2016 to “Market Perform”, Firm has raised the Price Target to $ 55 from a previous price target of $50 .

Atlas Air Worldwide Holdings Inc. (AAWW) is a holding company with a principal wholly owned operating subsidiary Atlas Air Inc. (Atlas). The Company is a global provider of outsourced aircraft and aviation operating services operating a fleet of around 747 freighters as well as operating 747 and 767 passenger aircraft and 767 freighters. It operates through three segments: ACMI Charter and Dry Leasing. The ACMI segment provides aircraft crew maintenance and insurance services to customers. Also included in the ACMI segment is CMI which provides crew maintenance and insurance services. The Charter segment provides full planeload air cargo and passenger aircraft charters to customers including the air mobility command (AMC) brokers freight forwarders direct shippers airlines sports teams and fans and private charter customers. The Dry Leasing segment provides the leasing of aircraft and engines to customers and operates through Titan a cargo aircraft dry lessor.

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