Strs Ohio trimmed its position in shares of Alaska Air Group, Inc. (NYSE:ALK) by 0.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 605,239 shares of the transportation company’s stock after selling 698 shares during the period. Strs Ohio owned approximately 0.49% of Alaska Air Group worth $38,680,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Gateway Investment Advisers LLC boosted its holdings in Alaska Air Group by 24.1% during the second quarter. Gateway Investment Advisers LLC now owns 118,594 shares of the transportation company’s stock valued at $7,579,000 after acquiring an additional 23,067 shares during the period. State of Alaska Department of Revenue boosted its holdings in Alaska Air Group by 10.1% during the first quarter. State of Alaska Department of Revenue now owns 26,274 shares of the transportation company’s stock valued at $1,473,000 after acquiring an additional 2,409 shares during the period. Machina Capital S.A.S. bought a new stake in Alaska Air Group during the second quarter valued at about $68,000. AlphaMark Advisors LLC bought a new stake in shares of Alaska Air Group in the first quarter valued at about $2,227,000. Finally, Cognios Capital LLC lifted its stake in shares of Alaska Air Group by 26.8% in the first quarter. Cognios Capital LLC now owns 39,832 shares of the transportation company’s stock valued at $2,234,000 after buying an additional 8,425 shares during the period. Institutional investors own 88.19% of the company’s stock.
In related news, VP Kyle B. Levine sold 2,430 shares of the stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $65.00, for a total value of $157,950.00. Following the completion of the transaction, the vice president now owns 8,039 shares of the company’s stock, valued at $522,535. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Andrew R. Harrison sold 1,600 shares of the stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $61.53, for a total transaction of $98,448.00. Following the completion of the transaction, the executive vice president now directly owns 20,567 shares of the company’s stock, valued at approximately $1,265,487.51. The disclosure for this sale can be found here. Insiders sold 8,730 shares of company stock valued at $550,759 in the last three months. Company insiders own 0.43% of the company’s stock.
Alaska Air Group (NYSE:ALK) last posted its quarterly earnings results on Thursday, July 25th. The transportation company reported $2.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.11 by $0.06. Alaska Air Group had a net margin of 6.00% and a return on equity of 16.28%. The firm had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same quarter in the prior year, the business posted $1.66 earnings per share. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. Sell-side analysts expect that Alaska Air Group, Inc. will post 5.93 EPS for the current year.
Several equities research analysts recently weighed in on ALK shares. Imperial Capital increased their target price on shares of Alaska Air Group from $68.00 to $70.00 and gave the company an “in-line” rating in a research note on Tuesday. ValuEngine cut shares of Alaska Air Group from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Credit Suisse Group set a $76.00 target price on shares of Alaska Air Group and gave the company a “buy” rating in a research note on Friday, April 12th. Deutsche Bank reduced their target price on shares of Alaska Air Group from $73.00 to $68.00 and set a “buy” rating for the company in a research note on Friday, April 26th. Finally, TheStreet upgraded shares of Alaska Air Group from a “c” rating to a “b” rating in a research note on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $73.36.
About Alaska Air Group
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.
Read More: Beige Book
Want to see what other hedge funds are holding ALK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alaska Air Group, Inc. (NYSE:ALK).
Receive News & Ratings for Alaska Air Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alaska Air Group and related companies with MarketBeat.com's FREE daily email newsletter.