Atlas Air Worldwide Sees Unusually Large Options Volume (NASDAQ:AAWW)

Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWWGet Rating) was the target of some unusual options trading on Wednesday. Stock investors acquired 4,619 put options on the company. This is an increase of 818% compared to the typical volume of 503 put options.

Insider Buying and Selling at Atlas Air Worldwide

In other news, CEO John W. Dietrich sold 39,463 shares of the business’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $84.13, for a total value of $3,320,022.19. Following the completion of the transaction, the chief executive officer now directly owns 64,989 shares of the company’s stock, valued at approximately $5,467,524.57. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Atlas Air Worldwide

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Atlas Air Worldwide by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 3,088,488 shares of the transportation company’s stock valued at $266,752,000 after buying an additional 51,165 shares during the period. Dimensional Fund Advisors LP raised its holdings in Atlas Air Worldwide by 3.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,013,835 shares of the transportation company’s stock worth $173,938,000 after purchasing an additional 57,949 shares during the period. State Street Corp raised its holdings in Atlas Air Worldwide by 2.4% in the 1st quarter. State Street Corp now owns 1,221,569 shares of the transportation company’s stock worth $105,507,000 after purchasing an additional 28,414 shares during the period. LSV Asset Management raised its holdings in Atlas Air Worldwide by 2.5% in the 1st quarter. LSV Asset Management now owns 965,393 shares of the transportation company’s stock worth $83,381,000 after purchasing an additional 23,900 shares during the period. Finally, Greenlight Capital Inc. raised its holdings in Atlas Air Worldwide by 3.8% in the 1st quarter. Greenlight Capital Inc. now owns 846,000 shares of the transportation company’s stock worth $73,070,000 after purchasing an additional 31,000 shares during the period.

Wall Street Analyst Weigh In

AAWW has been the topic of several research analyst reports. StockNews.com downgraded Atlas Air Worldwide from a “buy” rating to a “hold” rating in a research note on Monday. Wolfe Research upgraded Atlas Air Worldwide from an “underperform” rating to a “market perform” rating in a research note on Wednesday. Finally, Stifel Nicolaus restated a “downgrade” rating on shares of Atlas Air Worldwide in a research note on Wednesday.

Atlas Air Worldwide Stock Up 10.8 %

Atlas Air Worldwide stock opened at $96.78 on Thursday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 0.81. The business’s 50-day simple moving average is $67.16 and its two-hundred day simple moving average is $73.10. The company has a market cap of $2.73 billion, a PE ratio of 6.30 and a beta of 1.31. Atlas Air Worldwide has a fifty-two week low of $58.70 and a fifty-two week high of $97.67.

Atlas Air Worldwide (NASDAQ:AAWWGet Rating) last posted its quarterly earnings results on Thursday, May 5th. The transportation company reported $2.99 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.40. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.02 billion. Atlas Air Worldwide had a return on equity of 21.23% and a net margin of 11.53%. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.45 EPS. Equities analysts anticipate that Atlas Air Worldwide will post 16.27 EPS for the current year.

Atlas Air Worldwide Company Profile

(Get Rating)

Atlas Air Worldwide Holdings, Inc, through its subsidiaries, provides outsourced aircraft and aviation operating services. It operates through two segments, Airline Operations and Dry Leasing. The company offers outsourced cargo and passenger aircraft operating solutions, including contractual service arrangements, such as the provision of aircraft; and value-added services, including crew, maintenance, and insurance to aircraft and other customers.

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