Shares of Atlas Air Worldwide Holdings (NASDAQ:AAWW) traded down 1.4% on Thursday . The company traded as low as $34.81 and last traded at $35.06, with a volume of 140,950 shares. The stock had previously closed at $35.56.

A number of analysts have recently weighed in on the stock. RBC Capital Markets reiterated a “sector perform” rating and set a $44.00 target price (down from $49.00) on shares of Atlas Air Worldwide Holdings in a report on Thursday, August 4th. Cowen and Company increased their target price on shares of Atlas Air Worldwide Holdings from $50.00 to $55.00 and gave the stock a “market perform” rating in a report on Friday, May 6th. Wolfe Research upgraded shares of Atlas Air Worldwide Holdings from an “underperform” rating to a “market perform” rating in a report on Friday, May 6th. Royal Bank Of Canada increased 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 note on Friday, May 6th. Finally, Zacks Investment Research downgraded shares of Atlas Air Worldwide Holdings from a “hold” rating to a “sell” rating in a research note on Monday, May 2nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $45.20.

The company’s market capitalization is $874.26 million. The stock has a 50-day moving average price of $38.99 and a 200-day moving average price of $40.48.

Atlas Air Worldwide Holdings (NASDAQ:AAWW) last posted its earnings results on Wednesday, August 3rd. The company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by $0.13. The firm had revenue of $443.30 million for the quarter, compared to analysts’ expectations of $473.86 million. The firm’s revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.17 EPS. On average, analysts anticipate that Atlas Air Worldwide Holdings will post $4.49 EPS for the current year.

In other Atlas Air Worldwide Holdings news, Director John K. Wulff bought 10,000 shares of Atlas Air Worldwide Holdings stock in a transaction dated Wednesday, August 10th. The shares were purchased at an average cost of $35.01 per share, for a total transaction of $350,100.00. Following the acquisition, the director now directly owns 17,850 shares in the company, valued at approximately $624,928.50. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Other hedge funds have bought and sold shares of the company. Principal Financial Group Inc. increased its stake in 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 period. Connor Clark & Lunn Investment Management Ltd. increased its stake in Atlas Air Worldwide Holdings by 12.0% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 51,400 shares of the company’s stock worth $2,125,000 after buying an additional 5,500 shares during the period. Finally, California Public Employees Retirement System increased 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.

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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