Alliancebernstein L.P. cut its position in Atlas Air Worldwide Holdings (NASDAQ:AAWW) by 0.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,373,914 shares of the transportation company’s stock after selling 8,372 shares during the quarter. Alliancebernstein L.P. owned about 5.44% of Atlas Air Worldwide Holdings worth $71,650,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of AAWW. Great West Life Assurance Co. Can lifted its position in Atlas Air Worldwide Holdings by 7.2% in the 1st quarter. Great West Life Assurance Co. Can now owns 32,908 shares of the transportation company’s stock valued at $1,823,000 after purchasing an additional 2,202 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its position in Atlas Air Worldwide Holdings by 13.5% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 13,044 shares of the transportation company’s stock valued at $723,000 after purchasing an additional 1,554 shares during the last quarter. American Century Companies Inc. lifted its position in Atlas Air Worldwide Holdings by 13.5% in the 1st quarter. American Century Companies Inc. now owns 10,624 shares of the transportation company’s stock valued at $589,000 after purchasing an additional 1,264 shares during the last quarter. Comerica Bank lifted its position in Atlas Air Worldwide Holdings by 2.8% in the 1st quarter. Comerica Bank now owns 40,931 shares of the transportation company’s stock valued at $2,448,000 after purchasing an additional 1,105 shares during the last quarter. Finally, Karp Capital Management Corp bought a new stake in Atlas Air Worldwide Holdings in the 1st quarter valued at about $832,000. Hedge funds and other institutional investors own 96.41% of the company’s stock.

In other Atlas Air Worldwide Holdings news, EVP Adam Richard Kokas sold 10,000 shares of the stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $66.40, for a total transaction of $664,000.00. Following the sale, the executive vice president now owns 25,418 shares of the company’s stock, valued at approximately $1,687,755.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Duncan J. Mcnabb sold 1,000 shares of the stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $60.65, for a total transaction of $60,650.00. Following the sale, the director now directly owns 12,969 shares in the company, valued at approximately $786,569.85. The disclosure for this sale can be found here. In the last three months, insiders have sold 41,000 shares of company stock worth $2,458,350. Insiders own 2.50% of the company’s stock.

Several analysts recently weighed in on AAWW shares. Stifel Nicolaus reiterated a “buy” rating on shares of Atlas Air Worldwide Holdings in a research report on Friday, June 2nd. BidaskClub upgraded shares of Atlas Air Worldwide Holdings from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Zacks Investment Research upgraded shares of Atlas Air Worldwide Holdings from a “hold” rating to a “buy” rating and set a $74.00 price objective on the stock in a research report on Monday, August 7th. Cowen and Company reiterated a “hold” rating and issued a $70.00 price objective on shares of Atlas Air Worldwide Holdings in a research report on Tuesday, September 5th. Finally, Imperial Capital reiterated an “outperform” rating on shares of Atlas Air Worldwide Holdings in a research report on Friday, May 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $70.00.

COPYRIGHT VIOLATION WARNING: This news story was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this news story on another domain, it was illegally stolen and republished in violation of international copyright laws. The legal version of this news story can be read at https://www.thecerbatgem.com/2017/09/14/alliancebernstein-l-p-sells-8372-shares-of-atlas-air-worldwide-holdings-aaww.html.

Shares of Atlas Air Worldwide Holdings (AAWW) opened at 67.15 on Thursday. The company has a market capitalization of $1.70 billion, a P/E ratio of 28.70 and a beta of 1.40. Atlas Air Worldwide Holdings has a 52-week low of $37.42 and a 52-week high of $68.25. The firm’s 50 day moving average is $63.38 and its 200-day moving average is $56.19.

Atlas Air Worldwide Holdings (NASDAQ:AAWW) last issued its quarterly earnings data on Wednesday, August 2nd. The transportation company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates 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 for 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 company’s revenue was up 16.7% on a year-over-year basis. Equities research analysts anticipate that Atlas Air Worldwide Holdings will post $4.84 earnings per share for the current fiscal year.

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).

Want to see what other hedge funds are holding AAWW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Atlas Air Worldwide Holdings (NASDAQ:AAWW).

Institutional Ownership by Quarter for Atlas Air Worldwide Holdings (NASDAQ:AAWW)

Receive News & Stock Ratings for Atlas Air Worldwide Holdings Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlas Air Worldwide Holdings and related stocks with our FREE daily email newsletter.