Atlas Air Worldwide (NASDAQ:AAWW) Shares Down 3.2% After Insider Selling

Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) dropped 3.2% on Friday following insider selling activity. The stock traded as low as $83.77 and last traded at $83.79. Approximately 2,281 shares traded hands during trading, a decline of 100% from the average daily volume of 514,870 shares. The stock had previously closed at $86.56.

Specifically, CMO Michael Steen sold 19,954 shares of the stock in a transaction dated Wednesday, November 24th. The stock was sold at an average price of $93.70, for a total value of $1,869,689.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO James Anthony Forbes sold 5,000 shares of the stock in a transaction dated Friday, November 5th. The shares were sold at an average price of $86.67, for a total value of $433,350.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 75,112 shares of company stock worth $6,798,667. Corporate insiders own 1.70% of the company’s stock.

Separately, Zacks Investment Research cut Atlas Air Worldwide from a “buy” rating to a “hold” rating in a research report on Monday, January 10th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $91.50.

The firm has a market cap of $2.39 billion, a PE ratio of 4.94 and a beta of 1.12. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a fifty day simple moving average of $89.10 and a two-hundred day simple moving average of $79.67.

Atlas Air Worldwide (NASDAQ:AAWW) last issued its quarterly earnings results on Tuesday, November 2nd. The transportation company reported $4.88 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.32 by $0.56. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $995.98 million. Atlas Air Worldwide had a return on equity of 19.77% and a net margin of 13.17%. Atlas Air Worldwide’s quarterly revenue was up 25.5% compared to the same quarter last year. During the same period last year, the company earned $2.84 EPS. Equities analysts forecast that Atlas Air Worldwide Holdings, Inc. will post 17.39 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in AAWW. Advisory Services Network LLC purchased a new stake in Atlas Air Worldwide during the 2nd quarter valued at about $27,000. FORA Capital LLC purchased a new stake in shares of Atlas Air Worldwide in the second quarter valued at approximately $33,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Atlas Air Worldwide in the second quarter valued at approximately $65,000. Dark Forest Capital Management LP purchased a new stake in shares of Atlas Air Worldwide in the second quarter valued at approximately $79,000. Finally, Public Employees Retirement System of Ohio grew its position in shares of Atlas Air Worldwide by 35.4% in the second quarter. Public Employees Retirement System of Ohio now owns 1,388 shares of the transportation company’s stock valued at $95,000 after purchasing an additional 363 shares in the last quarter.

Atlas Air Worldwide Company Profile (NASDAQ:AAWW)

Atlas Air Worldwide Holdings, Inc engages in the provision of outsourced aircraft and aviation operating services. It operates through the following segments: ACMI, Charter, and Dry Leasing. The ACMI segment offers aircraft, crew, maintenance and insurance services to customers. The Charter segment comprises planeload air cargo and passenger aircraft charters, including the U.S.

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