November 23, 2016 - By Clifton Ray
The President & CEO of Atlas Air Worldwide Holdings Inc, William Flynn, has just sold – 5,000 shares of the company he’s leading and operating – coming to an aggregate trade of $252,000 USD (this based on avg share price of $50.4). Currently, Mr. William, holds 291,958 shares, which accounts for 1.16% of the company’s market capitalization. Full details about the transaction dated November 22, 2016, could be found ready for use online in a legal document on the SEC website here.
Out of 4 analysts covering Atlas Air Worldwide Holdings (NASDAQ:AAWW), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. $65 is the highest target while $41 is the lowest. The $50.75 average target is -0.29% below today’s ($50.9) stock price. Atlas Air Worldwide Holdings has been the topic of 9 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Imperial Capital initiated Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) on Thursday, November 17 with “Outperform” rating. The rating was maintained by Cowen & Co on Friday, November 6 with “Market Perform”. The rating was maintained by Cowen & Co on Friday, May 6 with “Market Perform”. RBC Capital Markets maintained Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) rating on Friday, May 6. RBC Capital Markets has “Sector Perform” rating and $49 price target. On Friday, September 25 the stock rating was maintained by Imperial Capital with “In-Line”. Imperial Capital maintained the stock with “Outperform” rating in Wednesday, August 5 report. Stifel Nicolaus initiated the shares of AAWW in a report on Friday, August 26 with “Buy” rating. The stock of Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) has “Market Perform” rating given on Friday, November 4 by Cowen & Co. The firm has “Sector Perform” rating given on Friday, November 6 by RBC Capital Markets.
Insitutional Activity: The institutional sentiment increased to 1 in 2016 Q2. Its up 0.02, from 0.98 in 2016Q1. The ratio improved, as 27 funds sold all Atlas Air Worldwide Holdings, Inc. shares owned while 65 reduced positions. 22 funds bought stakes while 68 increased positions. They now own 32.01 million shares or 1.31% less from 32.43 million shares in 2016Q1.
Babson Capital Management Ltd Limited Liability Company owns 7,900 shares or 0.01% of their US portfolio. Heartland Advsr has 0.74% invested in the company for 560,101 shares. Moreover, Fisher Asset Management Lc has 0.09% invested in Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) for 1.21M shares. Gabelli Funds Limited Co owns 25,000 shares or 0% of their US portfolio. Da Davidson & Company has 72 shares for 0% of their US portfolio. Snow Cap Mgmt Ltd Partnership last reported 1.11M shares in the company. The Oklahoma-based Prescott Grp Incorporated Capital Mngmt Lc has invested 0.36% in Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW). Princeton Alpha Management L P has 16,769 shares for 0.12% of their US portfolio. Dekabank Deutsche Girozentrale last reported 0% of its portfolio in the stock. Barrow Hanley Mewhinney Strauss Llc holds 184,212 shares or 0.01% of its portfolio. Bancorp Of New York Mellon has 0.01% invested in the company for 405,934 shares. Ameriprise Fincl has 334,198 shares for 0.01% of their US portfolio. Gotham Asset Mgmt Ltd Llc accumulated 18,272 shares or 0.01% of the stock. Ls Investment Advisors Limited Liability Corporation owns 923 shares or 0% of their US portfolio. Bancshares Of America De owns 183,337 shares or 0% of their US portfolio.
Insider Transactions: Since May 25, 2016, the stock had 2 insider purchases, and 3 selling transactions for $2.07 million net activity. The insider Flynn William J sold $450,050. Kokas Adam Richard sold $647,588 worth of stock. On Wednesday, August 10 the insider WULFF JOHN K bought $350,098. Steen Michael also sold $1.50 million worth of Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) on Monday, November 14. 1,111 shares were sold by McNabb Duncan J., worth $49,555. Mayer Keith H. sold $88,452 worth of stock or 2,000 shares.
The stock increased 0.69% or $0.35 during the last trading session, hitting $50.9. About 185,225 shares traded hands. Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) has risen 26.33% since April 21, 2016 and is uptrending. It has outperformed by 21.00% the S&P500.
Atlas Air Worldwide Holdings, Inc., is a holding firm with a principal operating subsidiary, Atlas Air, Inc. (Atlas). The company has a market cap of $1.27 billion. The Firm is a well-known provider of outsourced aircraft and aviation operating services, operating a fleet of 750 freighters, as well as operating 747 and 767 passenger aircraft and 767 freighters. It currently has negative earnings. It also owns and dries leases a fleet of aircraft, including over six 777 freighters.
According to Zacks Investment Research, “Atlas Air Worldwide Holdings, Inc. is the parent company of Atlas Air and Polar Air Cargo, which together operate the world’s largest fleet of Boeing freighter aircraft. AAWW is principally involved in the airport-to-airport air transportation of heavy freight cargo through its two operating subsidiary airlines, Atlas Air, Inc. and Polar Air Cargo, IncAAWW, through its principal subsidiaries Atlas and Polar, offers scheduled air cargo service, cargo charters, military charters, and ACMI aircraft leasing in which customers receive a dedicated aircraft, crew, maintenance and insurance on a long-term lease basis.”
More recent Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) news were published by: Marketwatch.com which released: “Atlas Worldwide started at buy with $49 stock price target at Stifel Nicolaus” on October 08, 2010. Also Wsj.com published the news titled: “Amazon Partners with Atlas Air Worldwide for Cargo Services” on May 05, 2016. Businesswire.com‘s news article titled: “Atlas Air Worldwide to Acquire Southern Air Holdings Inc.” with publication date: January 19, 2016 was also an interesting one.
Atlas Air Worldwide Holdings, Inc., (AAWW), incorporated on November 28, 2000, is a holding firm with a principal operating subsidiary, Atlas Air, Inc. (Atlas). The Firm is a well-known provider of outsourced aircraft and aviation operating services, operating a fleet of 750 freighters, as well as operating 747 and 767 passenger aircraft and 767 freighters. It also owns and dries leases a fleet of aircraft, including over six 777 freighters. The Firm operates through three divisions, including aircraft, crew, maintenance and insurance (ACMI), Charter and Dry Leasing. The Firm 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 clients and value-added services, including ACMI, as well as those through which it provides crew, maintenance and insurance; cargo and passenger charter services (Charter), and dry leasing aircraft and engines (Dry Leasing or Dry Lease). The Company’s clients include airlines, express delivery providers, freight forwarders, the United States military and charter brokers.
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By Clifton Ray