Insider Selling: Atlas Air Worldwide Holdings (NASDAQ:AAWW) EVP Sells 5,000 Shares of Stock

Atlas Air Worldwide Holdings (NASDAQ:AAWW) EVP Adam Richard Kokas sold 5,000 shares of Atlas Air Worldwide Holdings stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $65.90, for a total value of $329,500.00. Following the completion of the transaction, the executive vice president now owns 25,418 shares of the company’s stock, valued at approximately $1,675,046.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Adam Richard Kokas also recently made the following trade(s):

  • On Thursday, August 31st, Adam Richard Kokas sold 10,000 shares of Atlas Air Worldwide Holdings stock. The stock was sold at an average price of $66.40, for a total value of $664,000.00.

Shares of Atlas Air Worldwide Holdings (NASDAQ:AAWW) opened at 65.70 on Friday. The company has a 50 day moving average price of $64.05 and a 200 day moving average price of $56.40. The firm has a market cap of $1.66 billion, a PE ratio of 28.08 and a beta of 1.40. Atlas Air Worldwide Holdings has a 12-month low of $37.68 and a 12-month high of $68.25.

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

COPYRIGHT VIOLATION NOTICE: “Insider Selling: Atlas Air Worldwide Holdings (NASDAQ:AAWW) EVP Sells 5,000 Shares of Stock” was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this report on another website, it was copied illegally and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this report can be accessed at https://ledgergazette.com/2017/09/17/atlas-air-worldwide-holdings-aaww-evp-adam-richard-kokas-sells-5000-shares.html.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Ameritas Investment Partners Inc. acquired a new stake in Atlas Air Worldwide Holdings in the 1st quarter worth $107,000. State of Alaska Department of Revenue grew its position in Atlas Air Worldwide Holdings by 3.0% in the 1st quarter. State of Alaska Department of Revenue now owns 2,770 shares of the transportation company’s stock worth $153,000 after purchasing an additional 80 shares during the last quarter. UBS Asset Management Americas Inc. acquired a new stake in Atlas Air Worldwide Holdings in the 2nd quarter worth $201,000. KCG Holdings Inc. grew its position 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 during the last quarter. Finally, Piedmont Investment Advisors LLC acquired a new stake in Atlas Air Worldwide Holdings in the 2nd quarter worth $285,000. Institutional investors own 96.41% of the company’s stock.

AAWW has been the subject of several recent research reports. Zacks Investment Research raised Atlas Air Worldwide Holdings from a “sell” rating to a “hold” rating in a report on Monday, July 17th. Stifel Nicolaus reissued a “hold” rating and issued a $69.00 price objective on shares of Atlas Air Worldwide Holdings in a report on Tuesday, September 12th. Cowen and Company restated a “hold” rating and issued a $70.00 target price on shares of Atlas Air Worldwide Holdings in a research note on Tuesday, September 5th. BidaskClub downgraded Atlas Air Worldwide Holdings from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, ValuEngine upgraded Atlas Air Worldwide Holdings from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $70.00.

Atlas Air Worldwide Holdings Company Profile

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).

Insider Buying and Selling by Quarter for Atlas Air Worldwide Holdings (NASDAQ:AAWW)

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply