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

Atlas Air Worldwide Holdings (NASDAQ:AAWW) CEO William J. Flynn sold 5,000 shares of the firm’s stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $55.10, for a total value of $275,500.00. Following the transaction, the chief executive officer now owns 211,958 shares of the company’s stock, valued at $11,678,885.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Atlas Air Worldwide Holdings (AAWW) traded down 2.51% on Tuesday, hitting $64.00. The company had a trading volume of 447,791 shares. The stock has a market capitalization of $1.62 billion, a PE ratio of 27.35 and a beta of 1.45. The firm’s 50 day moving average price is $56.35 and its 200-day moving average price is $54.03. Atlas Air Worldwide Holdings has a 52 week low of $34.22 and a 52 week high of $67.75.

Atlas Air Worldwide Holdings (NASDAQ:AAWW) last issued its earnings results on Wednesday, August 2nd. The transportation company reported $1.09 EPS for the quarter, beating the consensus estimate of $0.85 by $0.24. Atlas Air Worldwide Holdings had a return on equity of 8.11% and a net margin of 2.98%. The business had revenue of $517.37 million for the quarter, compared to the consensus estimate of $500.44 million. During the same period last year, the business posted $0.80 EPS. The company’s revenue was up 16.7% compared to the same quarter last year. Analysts forecast that Atlas Air Worldwide Holdings will post $4.76 earnings per share for the current fiscal year.

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A number of hedge funds have recently modified their holdings of the stock. Ameritas Investment Partners Inc. acquired a new stake in shares of Atlas Air Worldwide Holdings during the first quarter valued at approximately $107,000. State of Alaska Department of Revenue increased its position 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. A.R.T. Advisors LLC purchased a new position in Atlas Air Worldwide Holdings during the fourth quarter worth about $203,000. KCG Holdings Inc. increased its position in Atlas Air Worldwide Holdings by 20.5% in the first quarter. KCG Holdings Inc. now owns 4,998 shares of the transportation company’s stock worth $277,000 after buying an additional 849 shares during the period. Finally, US Bancorp DE increased its position in 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 buying an additional 197 shares during the period. Institutional investors and hedge funds own 96.32% of the company’s stock.

Several equities research analysts recently commented on the company. Cowen and Company reaffirmed a “hold” rating and set a $70.00 target price (up previously from $60.00) on shares of Atlas Air Worldwide Holdings in a research note on Thursday, August 3rd. Zacks Investment Research cut Atlas Air Worldwide Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. BidaskClub cut Atlas Air Worldwide Holdings from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Stifel Nicolaus reissued a “buy” rating on shares of Atlas Air Worldwide Holdings in a research note on Friday, June 2nd. Finally, Imperial Capital reissued an “outperform” rating on shares of Atlas Air Worldwide Holdings in a research note on Friday, May 19th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Atlas Air Worldwide Holdings currently has an average rating of “Buy” and an average target price of $68.40.

About Atlas Air Worldwide Holdings

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).

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

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