Zacks Investment Research downgraded shares of Atlas Air Worldwide Holdings (NASDAQ:AAWW) from a hold rating to a sell rating in a report released on Thursday morning.

According to Zacks, “Atlas Air Worldwide Holdings, Inc. is the parent company of Atlas Air and Polar Air Cargo, which together operate the world’s largest fleet of Boeing freighter aircraft. AAWW is principally involved in the airport-to-airport air transportation of heavy freight cargo through its two operating subsidiary airlines, Atlas Air, Inc. and Polar Air Cargo, IncAAWW, through its principal subsidiaries Atlas and Polar, offers scheduled air cargo service, cargo charters, military charters, and ACMI aircraft leasing in which customers receive a dedicated aircraft, crew, maintenance and insurance on a long-term lease basis. “

Other analysts also recently issued reports about the stock. BidaskClub upgraded shares of Atlas Air Worldwide Holdings from a hold rating to a buy rating in a research report on Wednesday, July 12th. Stifel Nicolaus upgraded shares of Atlas Air Worldwide Holdings from a hold rating to a buy rating and set a $69.00 price objective on the stock in a research report on Tuesday, November 7th. Cowen and Company restated a hold rating on shares of Atlas Air Worldwide Holdings in a research report on Thursday, October 12th. Susquehanna Bancshares Inc initiated coverage on shares of Atlas Air Worldwide Holdings in a research report on Thursday, August 17th. They set a positive rating and a $72.00 price objective on the stock. Finally, ValuEngine upgraded shares of Atlas Air Worldwide Holdings from a buy rating to a strong-buy rating in a research report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Atlas Air Worldwide Holdings presently has a consensus rating of Buy and an average price target of $70.00.

Shares of Atlas Air Worldwide Holdings (NASDAQ:AAWW) opened at $53.85 on Thursday. The company has a market cap of $1,361.49, a price-to-earnings ratio of 11.41 and a beta of 1.45. Atlas Air Worldwide Holdings has a 52-week low of $45.45 and a 52-week high of $68.70. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.75 and a current ratio of 0.66.

Atlas Air Worldwide Holdings (NASDAQ:AAWW) last announced its quarterly earnings data on Tuesday, November 7th. The transportation company reported $1.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.13 by ($0.05). The firm had revenue of $535.70 million for the quarter, compared to the consensus estimate of $521.29 million. Atlas Air Worldwide Holdings had a net margin of 2.06% and a return on equity of 8.14%. The firm’s revenue for the quarter was up 19.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.09 earnings per share. analysts anticipate that Atlas Air Worldwide Holdings will post 4.64 earnings per share for the current fiscal year.

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In other Atlas Air Worldwide Holdings news, EVP Adam Richard Kokas sold 5,000 shares of Atlas Air Worldwide Holdings stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $65.90, for a total value of $329,500.00. Following the sale, the executive vice president now directly owns 25,418 shares in the company, valued at approximately $1,675,046.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders sold 40,000 shares of company stock worth $2,599,150. 2.50% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Capstone Asset Management Co. increased its holdings in Atlas Air Worldwide Holdings by 0.9% in the 2nd quarter. Capstone Asset Management Co. now owns 8,990 shares of the transportation company’s stock valued at $469,000 after acquiring an additional 80 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of Atlas Air Worldwide Holdings by 1.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 10,300 shares of the transportation company’s stock worth $537,000 after buying an additional 100 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Atlas Air Worldwide Holdings by 0.8% in the 2nd quarter. Arizona State Retirement System now owns 13,223 shares of the transportation company’s stock worth $690,000 after buying an additional 100 shares during the last quarter. US Bancorp DE increased its holdings in shares of Atlas Air Worldwide Holdings by 3.7% in the 2nd quarter. US Bancorp DE now owns 5,548 shares of the transportation company’s stock worth $289,000 after buying an additional 197 shares during the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of Atlas Air Worldwide Holdings by 0.6% in the 1st quarter. Legal & General Group Plc now owns 41,393 shares of the transportation company’s stock worth $2,295,000 after buying an additional 251 shares during the last quarter. Institutional investors own 96.40% of the company’s stock.

About Atlas Air Worldwide Holdings

Atlas Air Worldwide Holdings, Inc is a holding company. The Company provides outsourced aircraft and aviation operating services throughout the world, serving Africa, Asia, Australia, Europe, the Middle East, North America and South America through contractual service arrangements, including those through which it provides aircraft to customers and value-added services, including crew, maintenance and insurance (ACMI), as well as those through which it provides crew, maintenance and insurance, but not the aircraft (CMI); cargo and passenger charter services (Charter), and dry leasing aircraft and engines (Dry Leasing).

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