Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) CFO Sells $163,800.00 in Stock

Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) CFO Spencer Schwartz sold 6,500 shares of the company’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $25.20, for a total transaction of $163,800.00. Following the transaction, the chief financial officer now owns 35,241 shares of the company’s stock, valued at $888,073.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Spencer Schwartz also recently made the following trade(s):

  • On Friday, August 30th, Spencer Schwartz sold 6,500 shares of Atlas Air Worldwide stock. The stock was sold at an average price of $26.03, for a total transaction of $169,195.00.
  • On Wednesday, July 31st, Spencer Schwartz sold 6,500 shares of Atlas Air Worldwide stock. The stock was sold at an average price of $45.80, for a total transaction of $297,700.00.

Shares of NASDAQ AAWW traded down $1.64 during mid-day trading on Tuesday, reaching $23.59. The company’s stock had a trading volume of 635,399 shares, compared to its average volume of 339,670. The stock has a 50-day moving average of $26.35 and a two-hundred day moving average of $39.20. The stock has a market capitalization of $642.99 million, a P/E ratio of 3.24 and a beta of 2.23. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.49 and a current ratio of 0.49. Atlas Air Worldwide Holdings, Inc. has a 1-year low of $23.52 and a 1-year high of $63.38.

Atlas Air Worldwide (NASDAQ:AAWW) last issued its earnings results on Thursday, August 1st. The transportation company reported $0.17 EPS for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.40). The business had revenue of $663.92 million during the quarter, compared to analyst estimates of $713.31 million. Atlas Air Worldwide had a net margin of 12.27% and a return on equity of 8.05%. Atlas Air Worldwide’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter last year, the company earned $1.75 earnings per share. Analysts predict that Atlas Air Worldwide Holdings, Inc. will post 5.55 EPS for the current fiscal year.

A number of research firms have weighed in on AAWW. Stifel Nicolaus reduced their price objective on shares of Atlas Air Worldwide from $54.00 to $39.00 and set a “buy” rating for the company in a research report on Tuesday, September 24th. Cowen restated an “outperform” rating and set a $68.00 price objective on shares of Atlas Air Worldwide in a research report on Friday, August 2nd. Zacks Investment Research cut shares of Atlas Air Worldwide from a “hold” rating to a “sell” rating in a research report on Friday, August 2nd. Susquehanna Bancshares cut shares of Atlas Air Worldwide from a “positive” rating to a “neutral” rating and reduced their price objective for the stock from $43.00 to $30.00 in a research report on Tuesday, September 17th. Finally, BidaskClub cut shares of Atlas Air Worldwide from a “hold” rating to a “sell” rating in a research report on Friday, September 20th. Four analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. Atlas Air Worldwide has a consensus rating of “Hold” and a consensus price target of $55.00.

Several hedge funds and other institutional investors have recently modified their holdings of AAWW. Nuveen Asset Management LLC acquired a new stake in shares of Atlas Air Worldwide in the second quarter valued at about $8,133,000. Vanguard Group Inc. raised its position in shares of Atlas Air Worldwide by 6.0% in the second quarter. Vanguard Group Inc. now owns 2,617,891 shares of the transportation company’s stock valued at $116,862,000 after buying an additional 147,627 shares during the last quarter. Balter Liquid Alternatives LLC raised its position in shares of Atlas Air Worldwide by 215.8% in the second quarter. Balter Liquid Alternatives LLC now owns 118,480 shares of the transportation company’s stock valued at $5,289,000 after buying an additional 80,962 shares during the last quarter. Phocas Financial Corp. raised its position in shares of Atlas Air Worldwide by 36.3% in the first quarter. Phocas Financial Corp. now owns 222,218 shares of the transportation company’s stock valued at $11,235,000 after buying an additional 59,240 shares during the last quarter. Finally, Heartland Advisors Inc. raised its position in shares of Atlas Air Worldwide by 30.6% in the second quarter. Heartland Advisors Inc. now owns 252,300 shares of the transportation company’s stock valued at $11,263,000 after buying an additional 59,100 shares during the last quarter.

Atlas Air Worldwide Company Profile

Atlas Air Worldwide Holdings, Inc, through its subsidiaries, provides outsourced aircraft and aviation operating services. It operates through three segments: ACMI, Charter, 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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