Bank of Montreal Can lowered its holdings in shares of Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) by 3.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 58,570 shares of the transportation company’s stock after selling 2,015 shares during the quarter. Bank of Montreal Can’s holdings in Atlas Air Worldwide were worth $3,435,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in AAWW. UBS Asset Management Americas Inc. purchased a new stake in shares of Atlas Air Worldwide in the second quarter valued at $201,000. Amalgamated Bank purchased a new stake in shares of Atlas Air Worldwide in the third quarter valued at $208,000. New England Research & Management Inc. purchased a new stake in shares of Atlas Air Worldwide in the third quarter valued at $273,000. Piedmont Investment Advisors LLC purchased a new stake in shares of Atlas Air Worldwide in the second quarter valued at $285,000. Finally, USA Financial Portformulas Corp purchased a new stake in shares of Atlas Air Worldwide in the third quarter valued at $339,000.

Several equities research analysts have recently weighed in on the stock. Cowen reissued a “hold” rating on shares of Atlas Air Worldwide in a research note on Thursday, October 12th. Zacks Investment Research raised shares of Atlas Air Worldwide from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a research note on Monday, January 15th. Stifel Nicolaus reissued a “buy” rating and issued a $81.00 target price on shares of Atlas Air Worldwide in a research note on Thursday, January 18th. BidaskClub raised shares of Atlas Air Worldwide from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. Finally, ValuEngine raised shares of Atlas Air Worldwide from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 1st. One analyst has rated the stock with a sell rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Atlas Air Worldwide currently has an average rating of “Buy” and an average price target of $70.00.

In related news, CEO William J. Flynn sold 5,000 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $59.10, for a total value of $295,500.00. Following the transaction, the chief executive officer now owns 156,958 shares of the company’s stock, valued at approximately $9,276,217.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Spencer Schwartz sold 4,027 shares of the firm’s stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $59.75, for a total transaction of $240,613.25. The disclosure for this sale can be found here. Insiders sold a total of 19,222 shares of company stock worth $1,149,998 in the last ninety days. 2.50% of the stock is currently owned by insiders.

Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) opened at $53.45 on Thursday. The company has a market cap of $1,333.68, a PE ratio of 51.39 and a beta of 1.31. Atlas Air Worldwide Holdings, Inc. has a 12 month low of $45.45 and a 12 month high of $68.70. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.21.

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About Atlas Air Worldwide

Atlas Air Worldwide Holdings, Inc 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).

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Institutional Ownership by Quarter for Atlas Air Worldwide (NASDAQ:AAWW)

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