William J. Flynn Sells 5,000 Shares of Atlas Air Worldwide Holdings (AAWW) Stock

Atlas Air Worldwide Holdings (NASDAQ:AAWW) CEO William J. Flynn sold 5,000 shares of Atlas Air Worldwide Holdings stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $57.65, for a total transaction of $288,250.00. Following the sale, the chief executive officer now directly owns 206,958 shares of the company’s stock, valued at approximately $11,931,128.70. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Atlas Air Worldwide Holdings (NASDAQ:AAWW) traded down 1.54% during midday trading on Friday, hitting $60.65. 357,572 shares of the stock were exchanged. Atlas Air Worldwide Holdings has a 1-year low of $34.22 and a 1-year high of $67.75. The company’s 50 day moving average is $58.02 and its 200-day moving average is $54.46. The stock has a market cap of $1.53 billion, a PE ratio of 25.92 and a beta of 1.45.

Atlas Air Worldwide Holdings (NASDAQ:AAWW) last announced its quarterly earnings results on Wednesday, August 2nd. The transportation company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.24. The company had revenue of $517.37 million during the quarter, compared to analysts’ expectations of $500.44 million. Atlas Air Worldwide Holdings had a return on equity of 8.11% and a net margin of 2.98%. Atlas Air Worldwide Holdings’s quarterly revenue was up 16.7% on a year-over-year basis. During the same period last year, the business earned $0.80 earnings per share. On average, analysts expect that Atlas Air Worldwide Holdings will post $4.84 earnings per share for the current year.

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Several hedge funds have recently bought and sold shares of the stock. State Board of Administration of Florida Retirement System raised its stake in shares of Atlas Air Worldwide Holdings by 19.2% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 11,490 shares of the transportation company’s stock worth $599,000 after buying an additional 1,854 shares in the last quarter. State Street Corp raised its position in Atlas Air Worldwide Holdings by 5.8% in the fourth quarter. State Street Corp now owns 636,071 shares of the transportation company’s stock worth $33,171,000 after buying an additional 35,030 shares during the period. New York State Teachers Retirement System raised its position in Atlas Air Worldwide Holdings by 0.7% in the fourth quarter. New York State Teachers Retirement System now owns 14,820 shares of the transportation company’s stock worth $773,000 after buying an additional 100 shares during the period. A.R.T. Advisors LLC bought a new position in Atlas Air Worldwide Holdings during the fourth quarter worth $203,000. Finally, Guggenheim Capital LLC raised its position in Atlas Air Worldwide Holdings by 7.4% in the fourth quarter. Guggenheim Capital LLC now owns 61,257 shares of the transportation company’s stock worth $3,195,000 after buying an additional 4,196 shares during the period. Institutional investors and hedge funds own 96.32% of the company’s stock.

Several equities analysts have recently commented on AAWW shares. Stifel Nicolaus cut shares of Atlas Air Worldwide Holdings from a “buy” rating to a “hold” rating and set a $63.00 target price for the company. in a research report on Thursday, April 27th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Atlas Air Worldwide Holdings from a “hold” rating to a “sell” rating in a research report on Monday, May 1st. Imperial Capital upped 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 report on Thursday, May 4th. Cowen and Company restated a “hold” rating and issued a $60.00 price target on shares of Atlas Air Worldwide Holdings in a research report on Tuesday, July 11th. Finally, BidaskClub upgraded shares of Atlas Air Worldwide Holdings from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $68.40.

Atlas Air Worldwide Holdings Company Profile

Atlas Air Worldwide Holdings, Inc is a holding company. The Company provides outsourced aircraft and aviation operating services throughout the world, serving Africa, Asia, Australia, Europe, the Middle East, North America and South America through contractual service arrangements, including those through which it provides aircraft to customers and value-added services, including crew, maintenance and insurance (ACMI), as well as those through which it provides crew, maintenance and insurance, but not the aircraft (CMI); cargo and passenger charter services (Charter), and dry leasing aircraft and engines (Dry Leasing).

Insider Buying and Selling by Quarter for Atlas Air Worldwide Holdings (NASDAQ:AAWW)

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