ValuEngine upgraded shares of Atlas Air Worldwide Holdings (NASDAQ:AAWW) from a buy rating to a strong-buy rating in a report released on Friday morning.

Several other brokerages have also commented on AAWW. BidaskClub lowered Atlas Air Worldwide Holdings from a hold rating to a sell rating in a research note on Friday, August 11th. Zacks Investment Research upgraded Atlas Air Worldwide Holdings from a hold rating to a buy rating and set a $74.00 price target on the stock in a research note on Monday, August 7th. Stifel Nicolaus restated a buy rating on shares of Atlas Air Worldwide Holdings in a research note on Friday, June 2nd. Susquehanna Bancshares Inc started coverage on Atlas Air Worldwide Holdings in a research note on Thursday, August 17th. They set a positive rating and a $72.00 price target on the stock. Finally, Imperial Capital raised their price target on Atlas Air Worldwide Holdings from $60.00 to $70.00 and gave the company an outperform rating in a research note on Thursday, May 4th. One analyst has rated the stock with a sell rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Atlas Air Worldwide Holdings presently has an average rating of Buy and a consensus target price of $69.00.

Shares of Atlas Air Worldwide Holdings (NASDAQ AAWW) traded up 1.65% during mid-day trading on Friday, hitting $67.90. 297,829 shares of the stock were exchanged. Atlas Air Worldwide Holdings has a 12 month low of $37.42 and a 12 month high of $68.20. The firm has a market cap of $1.72 billion, a P/E ratio of 29.02 and a beta of 1.39. The stock’s 50 day moving average is $61.92 and its 200 day moving average is $55.65.

Atlas Air Worldwide Holdings (NASDAQ:AAWW) last released its earnings results on Wednesday, August 2nd. The transportation company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.24. Atlas Air Worldwide Holdings had a return on equity of 8.11% and a net margin of 2.98%. The business had revenue of $517.37 million for the quarter, compared to analyst estimates of $500.44 million. During the same quarter last year, the firm posted $0.80 earnings per share. The business’s revenue was up 16.7% compared to the same quarter last year. Analysts expect that Atlas Air Worldwide Holdings will post $4.84 EPS for the current fiscal year.

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In related news, 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 transaction of $664,000.00. Following the completion of the sale, the executive vice president now owns 25,418 shares of the company’s stock, valued at $1,687,755.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William J. Flynn sold 5,000 shares of Atlas Air Worldwide Holdings stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $55.10, for a total value of $275,500.00. Following the sale, the chief executive officer now directly owns 211,958 shares of the company’s stock, valued at approximately $11,678,885.80. The disclosure for this sale can be found here. In the last three months, insiders sold 41,000 shares of company stock valued at $2,458,350. Corporate insiders own 2.50% of the company’s stock.

Several large investors have recently added to or reduced their stakes in AAWW. Louisiana State Employees Retirement System increased 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 period. State of Alaska Department of Revenue increased 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 period. Great West Life Assurance Co. Can increased its stake in Atlas Air Worldwide Holdings by 7.2% in the first quarter. Great West Life Assurance Co. Can now owns 32,908 shares of the transportation company’s stock worth $1,823,000 after buying an additional 2,202 shares during the period. LSV Asset Management increased its stake in Atlas Air Worldwide Holdings by 8.3% in the first quarter. LSV Asset Management now owns 787,922 shares of the transportation company’s stock worth $43,690,000 after buying an additional 60,381 shares during the period. Finally, State Board of Administration of Florida Retirement System increased its stake in Atlas Air Worldwide Holdings by 13.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 13,044 shares of the transportation company’s stock worth $723,000 after buying an additional 1,554 shares during the period. 96.41% of the stock is owned by hedge funds and other institutional investors.

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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