The stock last traded at $57.55 which is marginally over $50.65, the stock’s 50 day moving average and a tad higher than the 200 day moving average of $52.90. The 50 day moving average was up by +13.62% whereas the 200 day average was up by +8.79%. Atlas Air Worldwide Holdings shares had a trading volume of 937K by the end of trading on Thursday. Trading volume was up 56.35% over the stocks average daily volume.
Traders are a little more bearish on shares of the company of late if you put credence in the change in short interest. The stock saw a rise in short interest of 0.59% as of May 31, 2017 from the last reporting period. Short interest grew 12,520 over that timeframe. Days to cover increased 3.8 to 7.4 and the percentage of shorted shares was 0.08% on May 31.
There has been some selling insider activity on Atlas Air Worldwide Holdings (NASDAQ:AAWW) recently. William J. Flynn, President & CEO reported the sale of 5,000 shares of AAWW stock. The shares were purchased at an average price of $57.76. The President & CEO now owns $12,820,294 of the stock per the Form 4 SEC filing. EVP, GC & Secty. Adam Richard Kokas disclosed the sale of 15,596 shares. The shares were sold on April 25th for a price of $58.62. Kokas now owns $1,783,103 of the stock according to the SEC filing.
William J. Flynn, President & CEO disclosed the sale of 5,000 shares of (AAWW). The shares were sold on April 24th for an average price of $57.86. The President & CEO now owns $13,131,790 of the stock according to the SEC filing.
Here are some other firms who have updated their holdings. As of quarter end Morgan Stanley had disposed of a total of 735 shares trimming its holdings by 91.9%. The value of the company’s investment in Atlas Air Worldwide Holdings went from $42,000 to $4,000 a change of 90.5% for the reporting period. Goldman Sachs Group Inc expanded its holdings by buying 14,789 shares an increase of 356.9% from 12/31/2016 to 03/31/2017. Goldman Sachs Group Inc claims 18,933 shares worth $1,050,000. The total value of its holdings increased 386.1%.
As of the end of the quarter State Street Corp had sold 19,397 shares trimming its position 3.0%. The value of the total investment in Atlas Air Worldwide Holdings increased from $33,171,000 to $34,193,000 a change of $1,022,000 quarter to quarter. As of the end of the quarter Schwab Charles Investment Management Inc had acquired a total of 16,372 shares growing its stake by 9.6%. The value of the investment in AAWW went from $8,937,000 to $10,411,000 increasing 16.5% quarter over quarter.
On August 25, 2016 Stifel Nicolaus released its first research report on the stock giving it an initial rating of “Hold”. Imperial Capital both downgraded the stock and lowered the price target on September 25 cutting the price target from $65.00 to $42.00 and changing the rating from “Outperform” to “In-line”.
On September 25 the company was downgraded to “In-line” from “Outperform” and a price target of $42.00 was set in a statement from Imperial Capital. On July 14 the stock rating was downgraded from “” to “Underperform” in a report issued by Wolfe.
On July 13 the stock rating was downgraded from “Peer Perform” to “Underperform” by analysts at Wolfe Research. On November 21 the stock rating was downgraded from “Underperform” to “Peer Perform `” with a current price target of $32.00 in a report from Wolfe Research .
The company is trading down by -0.86 percent from yesterday’s close. The most current P/E ratio is 36.17 and market capitalization is 1.45B. As of the latest earnings report the EPS was $1.59 and is estimated to be $4.62 for the current year with 25,262,000 shares now outstanding. Next quarter’s EPS is expected be $1.20 and the next full year EPS is anticipated to be $5.00.
Atlas Air Worldwide Holdings, Inc., (AAWW), launched on November 28, 2000, 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). Its segments include ACMI, Charter and Dry Leasing. As of December 31, 2016, the Company operated fleet of 747 freighters and provided customers a range of 747, 777, 767, 757 and 737 aircraft for domestic, regional and international cargo and passenger applications. Its subsidiaries include Atlas Air, Inc. (Atlas) and Southern Air, Inc. (Southern Air)..