BidaskClub downgraded shares of Atlas Air Worldwide (NASDAQ:AAWW) from a hold rating to a sell rating in a research note issued to investors on Friday morning, BidAskClub reports.

Other equities research analysts have also issued reports about the stock. Cowen restated an outperform rating and set a $68.00 target price on shares of Atlas Air Worldwide in a research report on Friday, August 2nd. Susquehanna Bancshares lowered shares of Atlas Air Worldwide from a positive rating to a neutral rating and decreased their target price for the stock from $43.00 to $30.00 in a research report on Tuesday, September 17th. Finally, Zacks Investment Research lowered shares of Atlas Air Worldwide from a hold rating to a sell rating in a research report on Friday, August 2nd. Four investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $59.83.

Shares of NASDAQ AAWW opened at $24.53 on Friday. The firm has a market capitalization of $635.49 million, a P/E ratio of 3.37 and a beta of 2.22. Atlas Air Worldwide has a one year low of $23.60 and a one year high of $64.85. The company’s fifty day moving average is $27.65 and its two-hundred day moving average is $40.47. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.49 and a current ratio of 0.49.

Atlas Air Worldwide (NASDAQ:AAWW) last issued its earnings results on Thursday, August 1st. The transportation company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.40). The company had revenue of $663.92 million for the quarter, compared to analysts’ expectations of $713.31 million. Atlas Air Worldwide had a return on equity of 8.05% and a net margin of 12.27%. Atlas Air Worldwide’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.75 earnings per share. On average, sell-side analysts forecast that Atlas Air Worldwide will post 5.57 earnings per share for the current fiscal year.

In other Atlas Air Worldwide news, CFO Spencer Schwartz sold 6,500 shares of the business’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $44.08, for a total transaction of $286,520.00. Following the sale, the chief financial officer now directly owns 54,741 shares in the company, valued at approximately $2,412,983.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 19,500 shares of company stock worth $753,415 over the last 90 days. Insiders own 2.20% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. Phocas Financial Corp. boosted its position in shares of Atlas Air Worldwide by 24.1% in the 2nd quarter. Phocas Financial Corp. now owns 275,788 shares of the transportation company’s stock worth $12,311,000 after buying an additional 53,570 shares in the last quarter. United Services Automobile Association boosted its position in shares of Atlas Air Worldwide by 9.0% in the 2nd quarter. United Services Automobile Association now owns 8,642 shares of the transportation company’s stock worth $386,000 after buying an additional 714 shares in the last quarter. BRYN MAWR TRUST Co boosted its position in shares of Atlas Air Worldwide by 1.4% in the 2nd quarter. BRYN MAWR TRUST Co now owns 131,943 shares of the transportation company’s stock worth $5,890,000 after buying an additional 1,773 shares in the last quarter. Factorial Partners LLC purchased a new stake in shares of Atlas Air Worldwide in the 2nd quarter worth about $433,000. Finally, Nuveen Asset Management LLC purchased a new stake in shares of Atlas Air Worldwide in the 2nd quarter worth about $8,133,000.

Atlas Air Worldwide Company Profile

Atlas Air Worldwide Holdings, Inc, through its subsidiaries, provides outsourced aircraft and aviation operating services. It operates through three segments: ACMI, Charter, 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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