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

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Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWWGet Rating) saw unusually large options trading on Wednesday. Stock investors acquired 4,619 put options on the stock. This represents an increase of 818% compared to the average daily volume of 503 put options.

Atlas Air Worldwide Stock Up 10.8 %

Shares of NASDAQ AAWW opened at $96.78 on Thursday. The stock has a market cap of $2.73 billion, a P/E ratio of 6.30 and a beta of 1.31. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58. Atlas Air Worldwide has a 12-month low of $58.70 and a 12-month high of $97.67. The business’s fifty day simple moving average is $67.16 and its 200-day simple moving average is $73.10.

Atlas Air Worldwide (NASDAQ:AAWWGet Rating) last announced its quarterly earnings data on Thursday, May 5th. The transportation company reported $2.99 earnings per share (EPS) 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 analysts’ expectations 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 revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period last year, the firm earned $2.45 earnings per share. As a group, equities analysts predict that Atlas Air Worldwide will post 16.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, CEO John W. Dietrich sold 39,463 shares of the stock in a transaction that occurred 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 in the company, valued at $5,467,524.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.40% of the stock is currently owned by company insiders.

Institutional Trading of Atlas Air Worldwide

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Barnett & Company Inc. grew its holdings in shares of Atlas Air Worldwide by 0.6% during the fourth quarter. Barnett & Company Inc. now owns 20,630 shares of the transportation company’s stock worth $1,942,000 after purchasing an additional 125 shares during the last quarter. Profund Advisors LLC grew its holdings in shares of Atlas Air Worldwide by 4.5% during the fourth quarter. Profund Advisors LLC now owns 3,080 shares of the transportation company’s stock worth $290,000 after purchasing an additional 134 shares during the last quarter. Maryland State Retirement & Pension System grew its holdings in shares of Atlas Air Worldwide by 1.3% during the fourth quarter. Maryland State Retirement & Pension System now owns 10,762 shares of the transportation company’s stock worth $1,013,000 after purchasing an additional 141 shares during the last quarter. CWM LLC grew its holdings in shares of Atlas Air Worldwide by 83.2% during the first quarter. CWM LLC now owns 328 shares of the transportation company’s stock worth $28,000 after purchasing an additional 149 shares during the last quarter. Finally, Carolina Wealth Advisors LLC grew its holdings in shares of Atlas Air Worldwide by 11.1% during the second quarter. Carolina Wealth Advisors LLC now owns 1,605 shares of the transportation company’s stock worth $99,000 after buying an additional 161 shares during the last quarter.

About Atlas Air Worldwide

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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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