Alaska Air Group, Inc. (NYSE:ALK) Shares Bought by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC grew its stake in shares of Alaska Air Group, Inc. (NYSE:ALKGet Rating) by 2.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,123 shares of the transportation company’s stock after acquiring an additional 1,622 shares during the period. Mutual of America Capital Management LLC’s holdings in Alaska Air Group were worth $2,368,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of ALK. Charter Oak Capital Management LLC acquired a new stake in shares of Alaska Air Group during the 2nd quarter valued at approximately $30,000. Covestor Ltd lifted its position in shares of Alaska Air Group by 416.4% during the 1st quarter. Covestor Ltd now owns 568 shares of the transportation company’s stock valued at $33,000 after acquiring an additional 458 shares during the period. SeaCrest Wealth Management LLC acquired a new stake in shares of Alaska Air Group during the 2nd quarter valued at approximately $35,000. Crewe Advisors LLC lifted its position in shares of Alaska Air Group by 41.0% during the 2nd quarter. Crewe Advisors LLC now owns 918 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 267 shares during the period. Finally, Capital Wealth Alliance LLC acquired a new stake in shares of Alaska Air Group during the 2nd quarter valued at approximately $46,000. 76.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Andrew R. Harrison sold 3,275 shares of the business’s stock in a transaction on Thursday, September 8th. The shares were sold at an average price of $45.90, for a total transaction of $150,322.50. Following the completion of the sale, the executive vice president now directly owns 10,877 shares of the company’s stock, valued at approximately $499,254.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Melius assumed coverage on Alaska Air Group in a research report on Monday, August 15th. They set a “buy” rating for the company. StockNews.com upgraded Alaska Air Group from a “hold” rating to a “buy” rating in a research report on Tuesday, November 1st. Cowen cut their price objective on Alaska Air Group from $85.00 to $65.00 and set an “outperform” rating for the company in a research report on Friday, October 21st. Finally, Cowen cut their price objective on Alaska Air Group from $85.00 to $65.00 and set an “outperform” rating for the company in a research report on Friday, October 21st. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $64.30.

Alaska Air Group Stock Down 0.7 %

ALK stock opened at $45.96 on Wednesday. The stock has a market capitalization of $5.83 billion, a P/E ratio of 114.90 and a beta of 1.43. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.79 and a current ratio of 0.81. Alaska Air Group, Inc. has a one year low of $38.19 and a one year high of $61.55. The company has a 50 day moving average price of $43.26 and a two-hundred day moving average price of $43.99.

Alaska Air Group (NYSE:ALKGet Rating) last released its earnings results on Thursday, October 20th. The transportation company reported $2.53 EPS for the quarter, topping the consensus estimate of $2.39 by $0.14. The firm had revenue of $2.83 billion during the quarter, compared to analysts’ expectations of $2.82 billion. Alaska Air Group had a net margin of 0.60% and a return on equity of 12.45%. Alaska Air Group’s revenue for the quarter was up 44.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.47 EPS. As a group, sell-side analysts expect that Alaska Air Group, Inc. will post 4.36 EPS for the current year.

Alaska Air Group Profile

(Get Rating)

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 flies to approximately 120 destinations throughout North America. Alaska Air Group, Inc was founded in 1932 and is based in Seattle, Washington.

Further Reading

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

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