Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) EVP Adam Richard Kokas sold 4,220 shares of the firm’s stock in a transaction that occurred on Friday, September 18th. The shares were sold at an average price of $63.00, for a total value of $265,860.00. Following the completion of the sale, the executive vice president now directly owns 58,048 shares of the company’s stock, valued at $3,657,024. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Adam Richard Kokas also recently made the following trade(s):
- On Tuesday, September 15th, Adam Richard Kokas sold 4,201 shares of Atlas Air Worldwide stock. The shares were sold at an average price of $61.50, for a total value of $258,361.50.
Atlas Air Worldwide stock opened at $60.54 on Friday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of -6.29 and a beta of 1.70. The firm has a 50-day moving average of $58.16 and a two-hundred day moving average of $41.42. Atlas Air Worldwide Holdings, Inc. has a 1 year low of $14.97 and a 1 year high of $63.47.
Atlas Air Worldwide (NASDAQ:AAWW) last posted its quarterly earnings results on Thursday, August 6th. The transportation company reported $4.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.07 by $2.64. Atlas Air Worldwide had a negative net margin of 8.66% and a positive return on equity of 13.46%. The firm had revenue of $825.30 million during the quarter, compared to the consensus estimate of $758.42 million. During the same quarter in the previous year, the firm posted $0.17 earnings per share. The company’s revenue was up 24.3% on a year-over-year basis. Research analysts expect that Atlas Air Worldwide Holdings, Inc. will post 11.65 earnings per share for the current year.
A number of analysts recently issued reports on AAWW shares. Stifel Nicolaus raised their price target on Atlas Air Worldwide from $50.00 to $51.00 and gave the stock a “buy” rating in a research report on Tuesday, June 30th. BidaskClub downgraded Atlas Air Worldwide from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 26th. Finally, Cowen boosted their price objective on Atlas Air Worldwide from $44.00 to $49.00 and gave the company a “market perform” rating in a report on Friday, August 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $41.40.
Several hedge funds have recently modified their holdings of AAWW. Emerald Mutual Fund Advisers Trust purchased a new position in shares of Atlas Air Worldwide during the second quarter valued at $33,000. Procyon Private Wealth Partners LLC purchased a new stake in Atlas Air Worldwide in the first quarter worth about $36,000. Ameritas Investment Partners Inc. grew its holdings in Atlas Air Worldwide by 17.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,274 shares of the transportation company’s stock worth $98,000 after acquiring an additional 344 shares in the last quarter. PNC Financial Services Group Inc. increased its position in Atlas Air Worldwide by 104.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,042 shares of the transportation company’s stock valued at $79,000 after purchasing an additional 1,554 shares during the period. Finally, Denali Advisors LLC raised its holdings in shares of Atlas Air Worldwide by 428.6% in the 2nd quarter. Denali Advisors LLC now owns 3,700 shares of the transportation company’s stock valued at $159,000 after purchasing an additional 3,000 shares in the last quarter.
Atlas Air Worldwide Company Profile
Atlas Air Worldwide Holdings, Inc, through its subsidiaries, provides outsourced aircraft and aviation operating services. It operates through three segments: ACMI, Charter, and Dry Leasing. The company offers outsourced cargo and passenger aircraft operating solutions, including contractual service arrangements, such as the provision of aircraft; and value-added services, including crew, maintenance, and insurance to aircraft and other customers.
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