Alaska Air Group, Inc. (ALK) Holdings Trimmed by Amalgamated Bank

Amalgamated Bank trimmed its position in shares of Alaska Air Group, Inc. (NYSE:ALK) by 1.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 24,206 shares of the transportation company’s stock after selling 280 shares during the quarter. Amalgamated Bank’s holdings in Alaska Air Group were worth $1,473,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Capital International Investors purchased a new position in Alaska Air Group during the 3rd quarter worth approximately $54,117,000. Point72 Asset Management L.P. grew its stake in shares of Alaska Air Group by 122.3% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,099,890 shares of the transportation company’s stock worth $75,738,000 after purchasing an additional 605,047 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Alaska Air Group by 21.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,883,681 shares of the transportation company’s stock worth $175,468,000 after purchasing an additional 503,977 shares during the period. United Services Automobile Association grew its stake in shares of Alaska Air Group by 245.6% during the 4th quarter. United Services Automobile Association now owns 650,454 shares of the transportation company’s stock worth $39,580,000 after purchasing an additional 462,259 shares during the period. Finally, State of Tennessee Treasury Department grew its stake in shares of Alaska Air Group by 117.4% during the 4th quarter. State of Tennessee Treasury Department now owns 661,329 shares of the transportation company’s stock worth $40,241,000 after purchasing an additional 357,069 shares during the period. 88.30% of the stock is owned by institutional investors and hedge funds.

In related news, VP Christopher Michael Berry sold 750 shares of the company’s stock in a transaction that occurred on Wednesday, February 13th. The stock was sold at an average price of $67.14, for a total value of $50,355.00. Following the completion of the transaction, the vice president now directly owns 1,233 shares of the company’s stock, valued at $82,783.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Brandon Pedersen sold 4,026 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $62.00, for a total value of $249,612.00. Following the completion of the sale, the vice president now owns 26,524 shares of the company’s stock, valued at approximately $1,644,488. The disclosure for this sale can be found here. Insiders sold 8,776 shares of company stock valued at $551,687 over the last ninety days. 0.43% of the stock is currently owned by corporate insiders.

Shares of Alaska Air Group stock traded down $0.09 on Wednesday, reaching $60.80. 915,114 shares of the company were exchanged, compared to its average volume of 1,675,027. Alaska Air Group, Inc. has a 1-year low of $53.39 and a 1-year high of $74.83. The company has a market cap of $7.55 billion, a PE ratio of 13.63, a P/E/G ratio of 0.71 and a beta of 0.81. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.59 and a current ratio of 0.61.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings data on Thursday, January 24th. The transportation company reported $0.75 EPS for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.02. The business had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.06 billion. Alaska Air Group had a return on equity of 15.20% and a net margin of 5.29%. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.83 earnings per share. On average, sell-side analysts predict that Alaska Air Group, Inc. will post 6.05 earnings per share for the current fiscal year.

ALK has been the topic of a number of research analyst reports. Vertical Research initiated coverage on shares of Alaska Air Group in a research note on Monday, February 4th. They issued a “hold” rating on the stock. Buckingham Research decreased their price objective on Alaska Air Group from $88.00 to $80.00 and set a “buy” rating on the stock in a report on Friday, March 8th. Zacks Investment Research lowered Alaska Air Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 16th. Citigroup reduced their price target on Alaska Air Group from $74.00 to $65.00 and set a “neutral” rating on the stock in a report on Wednesday, March 6th. Finally, ValuEngine lowered Alaska Air Group from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th. Eight investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $76.03.

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Alaska Air Group Profile

Alaska Air Group, Inc, through its subsidiaries, provides passenger and cargo air transportation services. The company operates through three segments: Mainline, Regional, and Horizon. It has a network of approximately 1,200 daily flights to 115 destinations across the United States, Mexico, Canada, and Costa Rica.

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Institutional Ownership by Quarter for Alaska Air Group (NYSE:ALK)

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