Published on 1 Nov 2022 on Insider Monkey via Yahoo Finance
Here’s Why Atlas Air Worldwide Holdings (AAWW) Outperformed in the Third Quarter
Investment management company First Pacific Advisors recently released its “FPA Queens Road Small Cap Value Fund” third quarter 2022 investor letter. A copy of the same can be downloaded here. In the quarter, the fund returned -5.72% compared to a -4.61 % return for the Russell 2000 Value Index. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.
In the third-quarter letter, FPA discussed stocks like Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW). Headquartered in Purchase, New York, Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) is an outsourced aircraft and aviation service provider. On October 28, 2022, Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) stock closed at $100.86 per share. One-month return of Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) was 3.73% and its shares gained 20.75% of their value over the last 52 weeks. Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) has a market capitalization of $2.863 billion.
FPA made the following comment about Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) in its Q3 2022 investor letter: