The Insider Selling: Atlas Air Worldwide Holdings (AAWW) CEO Sells 5,000 Shares of Stock

The Insider Selling: Atlas Air Worldwide Holdings (AAWW) CEO Sells 5,000 Shares of Stock

Atlas Air Worldwide Holdings (NASDAQ:AAWW) CEO William J. Flynn sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $51.60, for a total value of $258,000.00. Following the transaction, the chief executive officer now owns 256,958 shares of the company’s stock, valued at approximately $13,259,032.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Atlas Air Worldwide Holdings (NASDAQ:AAWW) traded up 1.67% during mid-day trading on Wednesday, hitting $51.70. The company had a trading volume of 106,725 shares. Atlas Air Worldwide Holdings has a 52-week low of $31.99 and a 52-week high of $57.77. The firm’s market capitalization is $1.29 billion. The firm has a 50-day moving average price of $51.63 and a 200 day moving average price of $43.81.

Atlas Air Worldwide Holdings (NASDAQ:AAWW) last released its quarterly earnings data on Thursday, November 3rd. The company reported $1.09 EPS for the quarter, missing the Zacks’ consensus estimate of $1.14 by $0.05. The business earned $448.02 million during the quarter, compared to analyst estimates of $474.76 million. Atlas Air Worldwide Holdings had a negative net margin of 1.37% and a positive return on equity of 6.45%. The firm’s revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.23 EPS. Analysts expect that Atlas Air Worldwide Holdings will post $4.46 earnings per share for the current year.

Several research analysts have issued reports on the company. Stifel Nicolaus boosted their target price on Atlas Air Worldwide Holdings from $54.00 to $58.00 and gave the company a “buy” rating in a research report on Tuesday, December 13th. Cowen and Company boosted their target price on Atlas Air Worldwide Holdings from $42.00 to $45.00 and gave the company a “market perform” rating in a research report on Friday, November 4th. Zacks Investment Research upgraded Atlas Air Worldwide Holdings from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research report on Tuesday. Finally, Imperial Capital assumed coverage on Atlas Air Worldwide Holdings in a research report on Thursday, November 17th. They set an “outperform” rating and a $60.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $51.50.

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Atlas Air Worldwide Holdings by 1.6% in the second quarter. Vanguard Group Inc. now owns 1,975,306 shares of the company’s stock worth $81,817,000 after buying an additional 31,103 shares during the last quarter. BlackRock Fund Advisors increased its stake in Atlas Air Worldwide Holdings by 9.2% in the third quarter. BlackRock Fund Advisors now owns 1,750,165 shares of the company’s stock worth $74,942,000 after buying an additional 147,517 shares during the last quarter. Snow Capital Management LP increased its stake in Atlas Air Worldwide Holdings by 13.8% in the third quarter. Snow Capital Management LP now owns 1,260,397 shares of the company’s stock worth $53,970,000 after buying an additional 152,712 shares during the last quarter. Fisher Asset Management LLC increased its stake in Atlas Air Worldwide Holdings by 1.6% in the third quarter. Fisher Asset Management LLC now owns 1,224,021 shares of the company’s stock worth $52,413,000 after buying an additional 18,897 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D increased its stake in Atlas Air Worldwide Holdings by 14.7% in the third quarter. State of New Jersey Common Pension Fund D now owns 780,000 shares of the company’s stock worth $33,400,000 after buying an additional 100,000 shares during the last quarter. Institutional investors own 97.79% of the company’s stock.

About Atlas Air Worldwide Holdings

Atlas Air Worldwide Holdings, Inc, (AAWW) is a holding company with a principal operating subsidiary, Atlas Air, Inc (Atlas). The Company is a provider of outsourced aircraft and aviation operating services. The Company operates through three segments, including aircraft, crew, maintenance and insurance (ACMI), Charter and Dry Leasing.

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