Cowen and Company reaffirmed their hold rating on shares of Atlas Air Worldwide Holdings (NASDAQ:AAWW) in a research report report published on Tuesday, July 11th. Cowen and Company currently has a $60.00 target price on the transportation company’s stock.

A number of other brokerages also recently issued reports on AAWW. Seaport Global Securities started coverage on Atlas Air Worldwide Holdings in a research note on Thursday, March 30th. They set a buy rating and a $65.00 price objective for the company. Stifel Nicolaus reiterated a buy rating on shares of Atlas Air Worldwide Holdings in a research note on Friday, June 2nd. Imperial Capital reiterated an outperform rating on shares of Atlas Air Worldwide Holdings in a research note on Friday, March 17th. Finally, Zacks Investment Research downgraded Atlas Air Worldwide Holdings from a hold rating to a sell rating in a research note on Monday, May 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $65.20.

Atlas Air Worldwide Holdings (NASDAQ:AAWW) opened at 65.70 on Tuesday. The company has a market cap of $1.66 billion, a price-to-earnings ratio of 28.08 and a beta of 1.45. Atlas Air Worldwide Holdings has a 12 month low of $34.22 and a 12 month high of $66.25. The firm’s 50-day moving average is $55.25 and its 200-day moving average is $53.77.

Atlas Air Worldwide Holdings (NASDAQ:AAWW) last released its quarterly earnings results on Wednesday, August 2nd. The transportation company reported $1.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.24. Atlas Air Worldwide Holdings had a net margin of 2.98% and a return on equity of 8.11%. The firm had revenue of $517.37 million during the quarter, compared to analyst estimates of $500.44 million. During the same quarter in the prior year, the firm earned $0.80 EPS. The business’s revenue for the quarter was up 16.7% compared to the same quarter last year. On average, analysts anticipate that Atlas Air Worldwide Holdings will post $4.76 EPS for the current fiscal year.

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In related news, CEO William J. Flynn sold 5,000 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $58.59, for a total transaction of $292,950.00. Following the sale, the chief executive officer now owns 196,958 shares in the company, valued at approximately $11,539,769.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 25,000 shares of company stock valued at $1,404,200 over the last quarter. Corporate insiders own 2.50% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Municipal Employees Retirement System of Michigan raised its stake in Atlas Air Worldwide Holdings by 1.2% in the first quarter. Municipal Employees Retirement System of Michigan now owns 5,710 shares of the transportation company’s stock worth $317,000 after buying an additional 70 shares during the last quarter. State of Alaska Department of Revenue raised its stake in Atlas Air Worldwide Holdings by 3.0% in the first quarter. State of Alaska Department of Revenue now owns 2,770 shares of the transportation company’s stock worth $153,000 after buying an additional 80 shares during the last quarter. Capstone Asset Management Co. raised its stake in Atlas Air Worldwide Holdings by 0.9% in the second quarter. Capstone Asset Management Co. now owns 8,990 shares of the transportation company’s stock worth $469,000 after buying an additional 80 shares during the last quarter. New York State Teachers Retirement System raised its stake in Atlas Air Worldwide Holdings by 0.7% in the fourth quarter. New York State Teachers Retirement System now owns 14,820 shares of the transportation company’s stock worth $773,000 after buying an additional 100 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its stake in Atlas Air Worldwide Holdings by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 10,200 shares of the transportation company’s stock worth $566,000 after buying an additional 100 shares during the last quarter. Institutional investors own 95.18% of the company’s stock.

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).

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