Insider Selling: Atlas Air Worldwide Holdings, Inc. (AAWW) CMO Sells 23,387 Shares of Stock

Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) CMO Michael Steen sold 23,387 shares of the stock in a transaction on Thursday, April 20th. The shares were sold at an average price of $57.00, for a total value of $1,333,059.00. Following the completion of the transaction, the chief marketing officer now directly owns 39,291 shares of the company’s stock, valued at $2,239,587. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shares of Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) remained flat at $57.25 during mid-day trading on Friday. 104,504 shares of the company’s stock were exchanged. Atlas Air Worldwide Holdings, Inc. has a 1-year low of $34.22 and a 1-year high of $59.60. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 34.57 and a beta of 1.23. The stock’s 50-day moving average price is $54.31 and its 200-day moving average price is $50.66.

Atlas Air Worldwide Holdings (NASDAQ:AAWW) last posted its quarterly earnings results on Thursday, February 23rd. The transportation company reported $2.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.25 by $0.01. Atlas Air Worldwide Holdings had a negative net margin of 1.37% and a positive return on equity of 6.45%. The firm had revenue of $529.72 million for the quarter, compared to analysts’ expectations of $504.68 million. During the same period last year, the firm posted $1.59 EPS. Atlas Air Worldwide Holdings’s revenue was up 12.2% on a year-over-year basis. On average, analysts anticipate that Atlas Air Worldwide Holdings, Inc. will post $4.69 earnings per share for the current year.

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

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A number of large investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue increased its stake in Atlas Air Worldwide Holdings by 3.0% in the first quarter. State of Alaska Department of Revenue now owns 2,770 shares of the transportation company’s stock worth $153,000 after buying an additional 80 shares during the period. Municipal Employees Retirement System of Michigan increased its stake in Atlas Air Worldwide Holdings by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 5,500 shares of the transportation company’s stock worth $236,000 after buying an additional 90 shares during the period. New York State Teachers Retirement System increased its stake 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. Louisiana State Employees Retirement System increased its stake in Atlas Air Worldwide Holdings by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 10,200 shares of the transportation company’s stock worth $566,000 after buying an additional 100 shares during the period. Finally, BlackRock Inc. increased its stake in Atlas Air Worldwide Holdings by 2.7% in the third quarter. BlackRock Inc. now owns 6,401 shares of the transportation company’s stock worth $273,000 after buying an additional 169 shares during the period. 98.27% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently commented on AAWW shares. Cowen and Company reissued a “market perform” rating and issued a $60.00 price objective (up from $55.00) on shares of Atlas Air Worldwide Holdings in a research note on Friday, February 24th. Seaport Global Securities started coverage on Atlas Air Worldwide Holdings in a research note on Thursday, March 30th. They issued a “buy” rating and a $65.00 price objective for the company. Imperial Capital reissued an “outperform” rating on shares of Atlas Air Worldwide Holdings in a research note on Friday, March 17th. Zacks Investment Research downgraded Atlas Air Worldwide Holdings from a “hold” rating to a “sell” rating in a research note on Monday, February 27th. Finally, Stifel Nicolaus increased their price objective on Atlas Air Worldwide Holdings from $58.00 to $63.00 and gave the company a “buy” rating in a research note on Tuesday, February 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $58.33.

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).

5 Day Chart for NASDAQ:AAWW

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