Atlas Air investors sell 1.9 million shares, drop stake to 5.4%

By Lisa Kerner

Charlotte, N.C., Sept. 11 - Investors led by HMC Atlas Air, LLC and Harbinger Capital Partners Special Situations Fund, LP sold 1,909,810 shares of Atlas Air Worldwide Holdings, Inc. between Sept. 8 and Sept. 10 priced from $24.55 to $26.50, according to a schedule 13D/A filed with the Securities and Exchange Commission on Friday.

Between Aug. 13 and Sept. 4, HMC and Harbinger sold 222,900 shares and kept a 14.5% stake, a prior SEC filing said.

The investors beneficially own 1,141,419 shares, or 5.4%, of the Purchase, N.Y.-based provider of air cargo and related services.

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