Atlas Air Worldwide Holdings (NASDAQ:AAWW) CEO William J. Flynn sold 5,000 shares of Atlas Air Worldwide Holdings stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $63.64, for a total transaction of $318,200.00. Following the completion of the transaction, the chief executive officer now owns 176,958 shares in the company, valued at approximately $11,261,607.12. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Atlas Air Worldwide Holdings (NASDAQ AAWW) traded down $0.90 on Friday, hitting $53.85. 561,400 shares of the stock traded hands, compared to its average volume of 281,463. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.66 and a quick ratio of 0.75. Atlas Air Worldwide Holdings has a 1 year low of $45.45 and a 1 year high of $68.70. The stock has a market capitalization of $1,384.25, a PE ratio of 11.60 and a beta of 1.45.
Atlas Air Worldwide Holdings (NASDAQ:AAWW) last released its quarterly earnings data on Tuesday, November 7th. The transportation company reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.05). The company had revenue of $535.70 million for the quarter, compared to analysts’ expectations of $521.29 million. Atlas Air Worldwide Holdings had a net margin of 2.06% and a return on equity of 8.14%. The firm’s revenue for the quarter was up 19.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.09 earnings per share. equities analysts predict that Atlas Air Worldwide Holdings will post 4.64 earnings per share for the current year.
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AAWW has been the topic of a number of recent analyst reports. Cowen and Company reissued a “hold” rating and issued a $70.00 price target on shares of Atlas Air Worldwide Holdings in a report on Tuesday, September 5th. ValuEngine raised shares of Atlas Air Worldwide Holdings from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Stifel Nicolaus reaffirmed a “hold” rating and set a $69.00 target price on shares of Atlas Air Worldwide Holdings in a research note on Tuesday, September 12th. Zacks Investment Research raised shares of Atlas Air Worldwide Holdings from a “hold” rating to a “buy” rating and set a $74.00 price target for the company in a research report on Monday, August 7th. Finally, Susquehanna Bancshares Inc started coverage on shares of Atlas Air Worldwide Holdings in a research report on Thursday, August 17th. They set a “positive” rating and a $72.00 price target for the company. Two analysts have rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $70.00.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. OLD National Bancorp IN bought a new stake in Atlas Air Worldwide Holdings during the second quarter valued at approximately $338,000. Heartland Advisors Inc. bought a new position in shares of Atlas Air Worldwide Holdings in the second quarter worth approximately $10,430,000. Vanguard Group Inc. boosted its position in shares of Atlas Air Worldwide Holdings by 5.5% in the first quarter. Vanguard Group Inc. now owns 2,195,742 shares of the transportation company’s stock worth $121,754,000 after purchasing an additional 114,422 shares during the period. OZ Management LP bought a new position in shares of Atlas Air Worldwide Holdings in the second quarter worth approximately $1,416,000. Finally, US Bancorp DE boosted its position in shares of Atlas Air Worldwide Holdings by 3.7% in the second quarter. US Bancorp DE now owns 5,548 shares of the transportation company’s stock worth $289,000 after purchasing an additional 197 shares during the period. Institutional investors own 96.40% of the company’s stock.
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).
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