Atlas Air Worldwide Holdings (NASDAQ:AAWW) shares saw strong trading volume on Wednesday . 339,774 shares were traded during mid-day trading, an increase of 96% from the previous session’s volume of 172,956 shares.The stock last traded at $37.70 and had previously closed at $41.10.

AAWW has been the subject of several research reports. Zacks Investment Research downgraded shares of Atlas Air Worldwide Holdings from a “hold” rating to a “sell” rating in a research report on Monday, May 2nd. Wolfe Research upgraded 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 raised their price objective 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 raised their price objective 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 research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $46.75.

The firm’s market cap is $949.02 million. The company has a 50-day moving average of $41.81 and a 200 day moving average of $40.59.

Atlas Air Worldwide Holdings (NASDAQ:AAWW) last posted its earnings results on Wednesday, August 3rd. The company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.93 by $0.13. The firm had revenue of $443.30 million for the quarter, compared to the consensus estimate of $473.86 million. During the same period in the previous year, the firm posted $1.17 earnings per share. Atlas Air Worldwide Holdings’s quarterly revenue was down 2.8% compared to the same quarter last year. Equities analysts predict that Atlas Air Worldwide Holdings will post $4.79 EPS for the current fiscal year.

In other news, CEO William J. Flynn sold 10,000 shares of the business’s stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $45.01, for a total transaction of $450,100.00. Following the completion of the sale, the chief executive officer now directly owns 182,135 shares of the company’s stock, valued at $8,197,896.35. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO William J. Flynn sold 5,000 shares of the business’s stock in a transaction dated Wednesday, May 11th. The stock was sold at an average price of $47.62, for a total transaction of $238,100.00. Following the sale, the chief executive officer now directly owns 195,706 shares of the company’s stock, valued at $9,319,519.72. The disclosure for this sale can be found here.

A number of large investors have recently modified their holdings of AAWW. Principal Financial Group Inc. increased its stake 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 worth $20,332,000 after buying an additional 18,487 shares during the last quarter. State of New Jersey Common Pension Fund D increased its stake 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 worth $12,402,000 after buying an additional 60,000 shares during the last quarter. Bank of Montreal Can increased its stake 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 worth $3,359,000 after buying an additional 64,430 shares during the last quarter. California Public Employees Retirement System increased its stake 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 worth $3,129,000 after buying an additional 3,400 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in shares of 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 last quarter.

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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