Atlas Air Worldwide Holdings (NASDAQ:AAWW)‘s stock had its “hold” rating reissued by stock analysts at Cowen and Company in a research note issued to investors on Thursday.

Several other analysts have also commented on the company. ValuEngine upgraded Atlas Air Worldwide Holdings from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Stifel Nicolaus restated a “hold” rating and issued a $69.00 target price on shares of Atlas Air Worldwide Holdings in a research note on Tuesday, September 12th. Zacks Investment Research upgraded Atlas Air Worldwide Holdings from a “hold” rating to a “buy” rating and set a $74.00 target price for the company in a research note on Monday, August 7th. Susquehanna Bancshares Inc began coverage on Atlas Air Worldwide Holdings in a research note on Thursday, August 17th. They issued a “positive” rating and a $72.00 target price for the company. Finally, BidaskClub lowered Atlas Air Worldwide Holdings from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. One analyst has rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $70.00.

Atlas Air Worldwide Holdings (AAWW) opened at 65.70 on Thursday. The stock has a market cap of $1.66 billion, a PE ratio of 28.08 and a beta of 1.40. The stock has a 50 day moving average price of $66.09 and a 200-day moving average price of $57.99. Atlas Air Worldwide Holdings has a 1-year low of $40.25 and a 1-year high of $68.70.

Atlas Air Worldwide Holdings (NASDAQ:AAWW) last announced its earnings results on Wednesday, August 2nd. The transportation company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.24. The business had revenue of $517.37 million for the quarter, compared to analysts’ expectations of $500.44 million. Atlas Air Worldwide Holdings had a return on equity of 8.11% and a net margin of 2.98%. The business’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.80 EPS. On average, equities analysts expect that Atlas Air Worldwide Holdings will post $4.83 EPS for the current year.

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In related news, CEO William J. Flynn sold 5,000 shares of Atlas Air Worldwide Holdings stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $65.59, for a total value of $327,950.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Adam Richard Kokas sold 10,000 shares of Atlas Air Worldwide Holdings stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $66.40, for a total value of $664,000.00. Following the completion of the sale, the executive vice president now owns 25,418 shares in the company, valued at $1,687,755.20. The disclosure for this sale can be found here. Insiders have sold a total of 41,000 shares of company stock worth $2,580,750 over the last 90 days. Insiders own 2.50% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ameritas Investment Partners Inc. purchased a new position in Atlas Air Worldwide Holdings in the 1st quarter worth approximately $107,000. UBS Asset Management Americas Inc. purchased a new position in Atlas Air Worldwide Holdings in the 2nd quarter worth approximately $201,000. State of Alaska Department of Revenue lifted its stake in Atlas Air Worldwide Holdings by 80.0% in the 2nd quarter. State of Alaska Department of Revenue now owns 4,985 shares of the transportation company’s stock worth $259,000 after purchasing an additional 2,215 shares in the last quarter. KCG Holdings Inc. lifted its stake in Atlas Air Worldwide Holdings by 20.5% in the 1st quarter. KCG Holdings Inc. now owns 4,998 shares of the transportation company’s stock worth $277,000 after purchasing an additional 849 shares in the last quarter. Finally, Piedmont Investment Advisors LLC purchased a new position in Atlas Air Worldwide Holdings in the 2nd quarter worth approximately $285,000. 96.41% of the stock is currently owned by institutional investors and hedge funds.

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).

Analyst Recommendations for Atlas Air Worldwide Holdings (NASDAQ:AAWW)

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