Spencer Schwartz Sells 6,500 Shares of Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) Stock

Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) CFO Spencer Schwartz sold 6,500 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $26.03, for a total transaction of $169,195.00. Following the sale, the chief financial officer now owns 41,741 shares in the company, valued at approximately $1,086,518.23. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Spencer Schwartz also recently made the following trade(s):

  • On Wednesday, July 31st, Spencer Schwartz sold 6,500 shares of Atlas Air Worldwide stock. The shares were sold at an average price of $45.80, for a total transaction of $297,700.00.
  • On Friday, June 28th, Spencer Schwartz sold 6,500 shares of Atlas Air Worldwide stock. The shares were sold at an average price of $44.08, for a total transaction of $286,520.00.

Shares of AAWW traded up $0.28 during trading hours on Friday, hitting $27.61. The company had a trading volume of 11,187 shares, compared to its average volume of 366,281. The firm has a fifty day moving average price of $32.38 and a 200-day moving average price of $42.51. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.49 and a current ratio of 0.49. The stock has a market capitalization of $654.11 million, a price-to-earnings ratio of 3.78 and a beta of 2.22. Atlas Air Worldwide Holdings, Inc. has a 52-week low of $24.46 and a 52-week high of $65.15.

Atlas Air Worldwide (NASDAQ:AAWW) last posted its quarterly earnings results on Thursday, August 1st. The transportation company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.40). The company had revenue of $663.92 million during the quarter, compared to analysts’ expectations of $713.31 million. Atlas Air Worldwide had a return on equity of 8.05% and a net margin of 12.27%. Atlas Air Worldwide’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.75 EPS. Research analysts anticipate that Atlas Air Worldwide Holdings, Inc. will post 6.38 earnings per share for the current fiscal year.

AAWW has been the topic of a number of research reports. Zacks Investment Research cut shares of Atlas Air Worldwide from a “hold” rating to a “sell” rating in a report on Friday, August 2nd. BidaskClub cut shares of Atlas Air Worldwide from a “hold” rating to a “sell” rating in a report on Wednesday, August 14th. Finally, Cowen restated an “outperform” rating and set a $68.00 target price on shares of Atlas Air Worldwide in a report on Friday, August 2nd. Four analysts have rated the stock with a sell rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $65.80.

Institutional investors and hedge funds have recently bought and sold shares of the company. Parallel Advisors LLC raised its position in shares of Atlas Air Worldwide by 273.0% in the 2nd quarter. Parallel Advisors LLC now owns 731 shares of the transportation company’s stock worth $33,000 after purchasing an additional 535 shares during the last quarter. Flinton Capital Management LLC raised its position in shares of Atlas Air Worldwide by 34.9% in the 2nd quarter. Flinton Capital Management LLC now owns 4,208 shares of the transportation company’s stock worth $188,000 after purchasing an additional 1,088 shares during the last quarter. Riverhead Capital Management LLC raised its position in shares of Atlas Air Worldwide by 35.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,620 shares of the transportation company’s stock worth $206,000 after purchasing an additional 1,200 shares during the last quarter. Paloma Partners Management Co purchased a new position in shares of Atlas Air Worldwide in the 2nd quarter worth about $236,000. Finally, Investors Research Corp raised its position in shares of Atlas Air Worldwide by 4.8% in the 2nd quarter. Investors Research Corp now owns 5,450 shares of the transportation company’s stock worth $243,000 after purchasing an additional 250 shares during 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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