Insider Selling: Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) CEO Sells 39,463 Shares of Stock

Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWWGet Rating) CEO John W. Dietrich sold 39,463 shares of the stock in a transaction on Monday, August 1st. The stock was sold at an average price of $84.13, for a total value of $3,320,022.19. Following the sale, the chief executive officer now owns 64,989 shares in the company, valued at approximately $5,467,524.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Atlas Air Worldwide Price Performance

Shares of NASDAQ AAWW opened at $99.65 on Friday. Atlas Air Worldwide Holdings, Inc. has a fifty-two week low of $58.70 and a fifty-two week high of $99.90. The company has a 50 day simple moving average of $68.38 and a two-hundred day simple moving average of $73.35. The company has a market capitalization of $2.81 billion, a price-to-earnings ratio of 6.48 and a beta of 1.31. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 0.81.

Atlas Air Worldwide (NASDAQ:AAWWGet Rating) last announced its quarterly earnings results on Thursday, August 4th. The transportation company reported $3.36 earnings per share for the quarter, beating the consensus estimate of $3.30 by $0.06. Atlas Air Worldwide had a net margin of 11.53% and a return on equity of 21.23%. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter last year, the firm earned $4.10 earnings per share. The firm’s quarterly revenue was up 21.2% compared to the same quarter last year. Analysts expect that Atlas Air Worldwide Holdings, Inc. will post 16.27 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Barnett & Company Inc. lifted its stake in shares of Atlas Air Worldwide by 0.6% during the 4th quarter. Barnett & Company Inc. now owns 20,630 shares of the transportation company’s stock valued at $1,942,000 after buying an additional 125 shares in the last quarter. Profund Advisors LLC lifted its stake in shares of Atlas Air Worldwide by 4.5% during the 4th quarter. Profund Advisors LLC now owns 3,080 shares of the transportation company’s stock valued at $290,000 after buying an additional 134 shares in the last quarter. Maryland State Retirement & Pension System lifted its stake in shares of Atlas Air Worldwide by 1.3% during the 4th quarter. Maryland State Retirement & Pension System now owns 10,762 shares of the transportation company’s stock valued at $1,013,000 after buying an additional 141 shares in the last quarter. CWM LLC lifted its stake in shares of Atlas Air Worldwide by 83.2% during the 1st quarter. CWM LLC now owns 328 shares of the transportation company’s stock valued at $28,000 after buying an additional 149 shares in the last quarter. Finally, Carolina Wealth Advisors LLC lifted its stake in shares of Atlas Air Worldwide by 11.1% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 1,605 shares of the transportation company’s stock valued at $99,000 after buying an additional 161 shares in the last quarter.

Analyst Ratings Changes

AAWW has been the topic of several research analyst reports. Stifel Nicolaus reaffirmed a “downgrade” rating on shares of Atlas Air Worldwide in a report on Wednesday. Wolfe Research raised Atlas Air Worldwide from an “underperform” rating to a “market perform” rating in a research note on Wednesday. Susquehanna cut Atlas Air Worldwide from a “positive” rating to a “neutral” rating in a research note on Friday. StockNews.com cut Atlas Air Worldwide from a “buy” rating to a “hold” rating in a research note on Monday, August 1st. Finally, Susquehanna Bancshares cut Atlas Air Worldwide to a “neutral” rating and increased their target price for the company from $95.00 to $102.50 in a research note on Friday. Four research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $87.75.

About Atlas Air Worldwide

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Atlas Air Worldwide Holdings, Inc, through its subsidiaries, provides outsourced aircraft and aviation operating services. It operates through two segments, Airline Operations and Dry Leasing. The company offers outsourced cargo and passenger aircraft operating solutions, including contractual service arrangements, such as the provision of aircraft; and value-added services, including crew, maintenance, and insurance to aircraft and other customers.

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

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