Shares of Atlas Air Worldwide Holdings (NASDAQ:AAWW) traded down 0.8% during mid-day trading on Wednesday . The stock traded as low as $42.31 and last traded at $42.65, with a volume of 89,580 shares trading hands. The stock had previously closed at $43.01.

Several analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Atlas Air Worldwide Holdings from a “hold” rating to a “sell” rating in a research note on Monday, May 2nd. Wolfe Research raised shares of Atlas Air Worldwide Holdings from an “underperform” rating to a “market perform” rating in a research report on Friday, May 6th. Cowen and Company upped their price target on shares of Atlas Air Worldwide Holdings from $50.00 to $55.00 and gave the stock a “market perform” rating in a research report on Friday, May 6th. Finally, Royal Bank Of Canada upped their price target on shares of Atlas Air Worldwide Holdings from $41.00 to $49.00 and gave the stock a “sector perform” rating in a research report on Friday, May 6th. Two analysts have rated the stock with a sell rating and five have given a hold rating to the stock. Atlas Air Worldwide Holdings has an average rating of “Hold” and a consensus price target of $46.75.

The company has a 50-day moving average price of $42.68 and a 200 day moving average price of $40.17. The stock’s market cap is $1.05 billion.

Atlas Air Worldwide Holdings (NASDAQ:AAWW) last released its quarterly earnings data on Thursday, May 5th. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.06. The business had revenue of $418.62 million for the quarter, compared to the consensus estimate of $419.81 million. During the same period in the previous year, the business posted $1.03 earnings per share. Atlas Air Worldwide Holdings’s revenue was down 5.9% on a year-over-year basis. Equities research analysts expect that Atlas Air Worldwide Holdings will post $4.78 earnings per share for the current fiscal year.

In other news, VP Keith H. Mayer sold 2,000 shares of the firm’s stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $44.23, for a total transaction of $88,460.00. Following the completion of the transaction, the vice president now directly owns 2,505 shares of the company’s stock, valued at approximately $110,796.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William J. Flynn sold 10,000 shares of the firm’s stock in a transaction dated Monday, June 6th. The stock was sold at an average price of $45.01, for a total transaction of $450,100.00. Following the transaction, the chief executive officer now directly owns 182,135 shares of the company’s stock, valued at $8,197,896.35. The disclosure for this sale can be found here.

Several institutional investors have added to or reduced their stakes in the company. Towle & Co. increased its position in Atlas Air Worldwide Holdings by 1.1% in the fourth quarter. Towle & Co. now owns 534,802 shares of the company’s stock worth $22,109,000 after buying an additional 5,802 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Atlas Air Worldwide Holdings by 3.9% in the fourth quarter. Principal Financial Group Inc. now owns 491,819 shares of the company’s stock valued at $20,332,000 after buying an additional 18,487 shares in the last quarter. State of New Jersey Common Pension Fund D increased its position in shares of Atlas Air Worldwide Holdings by 25.0% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 300,000 shares of the company’s stock valued at $12,402,000 after buying an additional 60,000 shares in the last quarter. Bank of Montreal Can increased its position in shares of Atlas Air Worldwide Holdings by 382.2% in the fourth quarter. Bank of Montreal Can now owns 81,289 shares of the company’s stock valued at $3,359,000 after buying an additional 64,430 shares in the last quarter. Finally, California Public Employees Retirement System increased its position in shares of Atlas Air Worldwide Holdings by 4.7% in the fourth quarter. California Public Employees Retirement System now owns 75,700 shares of the company’s stock valued at $3,129,000 after buying an additional 3,400 shares in the last quarter.

Atlas Air Worldwide Holdings, Inc (AAWW) is a holding company with a principal wholly owned operating subsidiary, Atlas Air, Inc (Atlas). The Company is a global provider of outsourced aircraft and aviation operating services, operating a fleet of around 747 freighters, as well as operating 747 and 767 passenger aircraft and 767 freighters.

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