Atlas Air Worldwide Holdings (NASDAQ:AAWW) shares were down 4.6% during trading on Tuesday . The stock traded as low as $41.26 and last traded at $41.56, with a volume of 222,144 shares. The stock had previously closed at $43.56.

Several research analysts have commented on AAWW shares. Zacks Investment Research downgraded Atlas Air Worldwide Holdings from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 25th. Cowen and Company raised their target price on Atlas Air Worldwide Holdings from $50.00 to $55.00 and gave the stock a “market perform” rating in a research note on Friday, May 6th. Wolfe Research upgraded Atlas Air Worldwide Holdings from an “underperform” rating to a “market perform” rating in a research note on Friday, May 6th. Finally, Royal Bank Of Canada raised their target price on Atlas Air Worldwide Holdings from $41.00 to $49.00 and gave the stock a “sector perform” rating in a research note on Friday, May 6th. Two analysts have rated the stock with a sell rating and five have given a hold rating to the stock. The stock has an average rating of “Hold” and an average target price of $46.75.

The firm’s 50 day moving average is $41.98 and its 200-day moving average is $40.61. The firm’s market cap is $1.02 billion.

Atlas Air Worldwide Holdings (NASDAQ:AAWW) last posted its quarterly earnings results on Thursday, May 5th. The company reported $0.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.06. The business earned $418.62 million during the quarter, compared to analysts’ expectations of $419.81 million. The firm’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.03 EPS. Equities analysts forecast that Atlas Air Worldwide Holdings will post $4.79 earnings per share for the current year.

In related news, Director Duncan J. Mcnabb sold 1,111 shares of the company’s stock in a transaction on Thursday, May 26th. The stock was sold at an average price of $44.60, for a total transaction of $49,550.60. Following the completion of the sale, the director now owns 11,407 shares in the company, valued at $508,752.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO William J. Flynn sold 10,000 shares of the company’s stock in a transaction on Monday, June 6th. The shares were sold at an average price of $45.01, for a total value of $450,100.00. Following the sale, the chief executive officer now owns 182,135 shares of the company’s stock, valued at approximately $8,197,896.35. The disclosure for this sale can be found here.

Other hedge funds have recently bought and sold shares of the company. Rhumbline Advisers boosted its stake in Atlas Air Worldwide Holdings by 2.8% in the fourth quarter. Rhumbline Advisers now owns 40,875 shares of the company’s stock worth $1,690,000 after buying an additional 1,115 shares during the period. First Trust Advisors LP boosted its stake in Atlas Air Worldwide Holdings by 25.2% in the fourth quarter. First Trust Advisors LP now owns 73,112 shares of the company’s stock worth $3,022,000 after buying an additional 14,737 shares during the period. California Public Employees Retirement System boosted its stake in 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 worth $3,129,000 after buying an additional 3,400 shares during the period. Bank of Montreal Can boosted its stake in 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 worth $3,359,000 after buying an additional 64,430 shares during the period. Finally, State of New Jersey Common Pension Fund D boosted its stake in 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 worth $12,402,000 after buying an additional 60,000 shares during the period.

Atlas Air Worldwide Holdings, Inc, (AAWW) is a holding company with a principal operating subsidiary, Atlas Air, Inc (Atlas). The Company is a provider of outsourced aircraft and aviation operating services, operating a fleet of 750 freighters, as well as operating 747 and 767 passenger aircraft and 767 freighters.

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