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Shares of Atlas Air Worldwide Holdings (NASDAQ:AAWW) fell 3.6% during trading on Friday after an insider sold shares in the company, Stock Ratings Network.com reports. The stock traded as low as $38.01 and last traded at $38.14, with a volume of 511,760 shares trading hands. The stock had previously closed at $39.58.

Specifically, EVP Adam Richard Kokas sold 9,909 shares of Atlas Air Worldwide Holdings stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $37.90, for a total value of $375,551.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

AAWW has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Atlas Air Worldwide Holdings from an “underperform” rating to a “neutral” rating in a research note on Tuesday, April 22nd. They now have a $35.80 price target on the stock. Separately, analysts at Imperial Capital cut their price target on shares of Atlas Air Worldwide Holdings from $45.00 to $33.00 in a research note on Thursday, February 13th. They now have an “in-line” rating on the stock. Finally, analysts at FBR Capital Markets cut their price target on shares of Atlas Air Worldwide Holdings from $38.00 to $31.00 in a research note on Thursday, February 13th. They now have a “market perform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $37.97.

The stock has a 50-day moving average of $34.75 and a 200-day moving average of $37.1. The company has a market cap of $949.9 million and a price-to-earnings ratio of 10.81.

Atlas Air Worldwide Holdings (NASDAQ:AAWW) last released its earnings data on Thursday, May 1st. The company reported $0.45 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.13 by $0.32. The company had revenue of $403.36 million for the quarter, compared to the consensus estimate of $371.68 million. During the same quarter last year, the company posted $0.22 earnings per share. Atlas Air Worldwide Holdings’s revenue was up 6.9% compared to the same quarter last year. Analysts expect that Atlas Air Worldwide Holdings will post $3.11 EPS for the current fiscal year.

Atlas Air Worldwide Holdings, Inc (NASDAQ:AAWW) is a holding company with a principal operating subsidiary, Atlas Air, Inc (Atlas).

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