Richard Snow (Trades, Portfolio) of Snow Capital Management added to his holding in Atlas Air Worldwide Holdings Inc. (AAWW, Financial) on Aug. 19.
Snow founded RAS Capital Management in 1980. In 2001, the firm was restructured as Snow Capital Management. He serves as president and chief investment officer.
Snow purchased 183,836 shares for an average price of $34.83 per share. The transaction had an impact of 0.3% on the portfolio. He now has 1,291,521 shares, an increase of 16.6%. Atlas Air has been in his portfolio since the first quarter of 2012.
Atlas Air is a cargo airline, passenger charter airline and aircraft lessor. Atlas Air was founded in 1992 and is headquartered in Purchase, New York. The company operates globally, with destinations throughout North America, South America, Europe, Asia, Africa and Oceania.
The company has a market cap of $950.7 million with an enterprise value of $2.7 billion. It has a forward price-earnings (P/E) ratio of 7.04, a price-book (P/B) ratio of 0.64 and a price-sales (P/S) ratio of 0.53.
GuruFocus ranked Atlas Air’s financial strength 4 of 10. Its Piotrsoki F-Score is 4, indicating a stable financial condition. Its Altman Z-Score is 0.9, placing it in the distress zone, which implies the possibility of bankruptcy in the near future. The company’s Beneish M-Score of -2.7 implies the company does not manipulate its financial records. The cash to debt ratio is 0.08, below the industry median of 0.37.
GuruFocus ranked the company’s profitability and growth 6 of 10. Its operating margin is 2.6% and its net margin is -1.6%. It has a return on equity (ROE) of -1.9% and a return on assets (ROA) of -0.7%, ranking below 77% of other companies in the industry.
The DCF Calculator gives the stock a fair value of $-24.29. It was trading at $38.3 Monday.
Dimensional Fund Advisors Inc. is the largest shareholder of Atlas Air with 8.4% of outstanding shares. Other gurus with an interest in the company are Ken Fisher (Trades, Portfolio), Jeremy Grantham (Trades, Portfolio), Chuck Royce (Trades, Portfolio), Jim Simons (Trades, Portfolio), David Dreman (Trades, Portfolio) and Paul Tudor Jones (Trades, Portfolio).
Disclosure: I do not own stock in any companies mentioned in the article.
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