Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) CFO Sells $286,520.00 in Stock

Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) CFO Spencer Schwartz sold 6,500 shares of the firm’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of $44.08, for a total value of $286,520.00. Following the completion of the transaction, the chief financial officer now directly owns 54,741 shares in the company, valued at $2,412,983.28. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of Atlas Air Worldwide stock traded up $0.19 during trading on Friday, reaching $42.74. 162,538 shares of the stock traded hands, compared to its average volume of 207,588. The firm has a market cap of $1.10 billion, a P/E ratio of 5.88 and a beta of 2.05. The firm’s fifty day moving average price is $41.12. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.59 and a quick ratio of 0.59. Atlas Air Worldwide Holdings, Inc. has a 52-week low of $35.04 and a 52-week high of $69.80.

Atlas Air Worldwide (NASDAQ:AAWW) last issued its quarterly earnings data on Wednesday, May 1st. The transportation company reported $0.98 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.12. Atlas Air Worldwide had a return on equity of 10.76% and a net margin of 8.36%. The firm had revenue of $679.70 million during the quarter, compared to analyst estimates of $679.72 million. During the same quarter last year, the business posted $0.86 earnings per share. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. On average, sell-side analysts predict that Atlas Air Worldwide Holdings, Inc. will post 7.47 EPS for the current year.

Several large investors have recently made changes to their positions in the business. Investors Research Corp boosted its position in shares of Atlas Air Worldwide by 4.8% during the second quarter. Investors Research Corp now owns 5,450 shares of the transportation company’s stock valued at $243,000 after buying an additional 250 shares during the period. Denali Advisors LLC bought a new stake in shares of Atlas Air Worldwide during the second quarter valued at approximately $388,000. First Trust Advisors LP raised its stake in shares of Atlas Air Worldwide by 20.0% during the first quarter. First Trust Advisors LP now owns 50,577 shares of the transportation company’s stock valued at $2,557,000 after acquiring an additional 8,427 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of Atlas Air Worldwide by 2.4% during the first quarter. Nordea Investment Management AB now owns 78,033 shares of the transportation company’s stock valued at $3,946,000 after acquiring an additional 1,802 shares in the last quarter. Finally, GYL Financial Synergies LLC bought a new stake in shares of Atlas Air Worldwide during the first quarter valued at approximately $1,294,000.

A number of equities analysts recently commented on the company. Imperial Capital reaffirmed an “in-line” rating and issued a $29.00 target price (down from $33.00) on shares of Whiting Petroleum in a report on Friday, May 3rd. Cowen reaffirmed a “hold” rating on shares of PTC Therapeutics in a report on Thursday, May 2nd. BidaskClub raised ZIOPHARM Oncology from a “buy” rating to a “strong-buy” rating in a report on Monday, June 17th. Finally, Zacks Investment Research raised Hallmark Financial Services from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a report on Friday. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $67.67.

About Atlas Air Worldwide

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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