5 Best Airport Stocks To Buy

Page 5 of 5

1. Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW)

Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) is a notable airport stock since the company operates flights on ACMI (Aircraft, Crew, Maintenance and Insurance), CMI and air charter basis for airlines, express operators, freight forwarders, charter brokers and shippers. Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) owns Atlas Air, Polar Air Cargo, and Titan Aircraft Investments.

Hedge fund sentiment is strong for the stock. As of the end of the third quarter, 37 hedge funds tracked by Insider Monkey reported having stakes in Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW), compared to 28 hedge funds in the previous quarter. The total value of these stakes was $831 million.

However, the third quarter report of Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) disappointed investors, as the company posted non-GAAP EPS of $2.69, missing the estimates by $1.57. Revenue in the quarter jumped 9.8% to total $1.12 billion but missed estimates by $70 million.

FPA made the following comment about Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) in its Q3 2022 investor letter:

“Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) is an outsourced air freight carrier that we believe traded on cheap multiples of earnings and book value compared to peers. In August, the company agreed to be bought by a consortium led by Apollo Capital for $102.50 per share, a 57% premium to the recent share price.”

You can also take a peek at 15 Biggest Non-Tech Companies in the World and 23 Most Powerful Countries in the World.

Page 5 of 5