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

Mutual of America Capital Management LLC raised its holdings in shares of Alaska Air Group, Inc. (NYSE:ALK) by 8.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 66,230 shares of the transportation company’s stock after acquiring an additional 5,333 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Alaska Air Group were worth $2,588,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in ALK. Clearbridge Investments LLC acquired a new position in shares of Alaska Air Group during the 1st quarter worth about $62,390,000. Wellington Management Group LLP acquired a new position in shares of Alaska Air Group during the 1st quarter worth about $30,293,000. Norges Bank acquired a new position in shares of Alaska Air Group during the 4th quarter worth about $30,980,000. BlackRock Inc. boosted its position in shares of Alaska Air Group by 9.1% during the 2nd quarter. BlackRock Inc. now owns 7,951,500 shares of the transportation company’s stock worth $422,861,000 after acquiring an additional 660,917 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its position in shares of Alaska Air Group by 19.4% during the 4th quarter. Alliancebernstein L.P. now owns 3,425,916 shares of the transportation company’s stock worth $147,109,000 after acquiring an additional 556,766 shares in the last quarter. 81.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. TD Cowen upped their price objective on Alaska Air Group from $49.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday. UBS Group initiated coverage on Alaska Air Group in a research report on Wednesday, March 20th. They issued a “buy” rating and a $54.00 target price for the company. Melius cut Alaska Air Group from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Bank of America upped their target price on Alaska Air Group from $50.00 to $56.00 and gave the company a “buy” rating in a research report on Friday. Finally, Susquehanna upped their target price on Alaska Air Group from $40.00 to $42.00 and gave the company a “neutral” rating in a research report on Friday. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $57.85.

Insider Transactions at Alaska Air Group

In other news, EVP Andrew R. Harrison sold 6,500 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $38.36, for a total transaction of $249,340.00. Following the completion of the transaction, the executive vice president now directly owns 26,048 shares of the company’s stock, valued at approximately $999,201.28. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.68% of the company’s stock.

Alaska Air Group Stock Up 1.3 %

ALK opened at $45.02 on Friday. The business has a 50 day moving average price of $39.68 and a two-hundred day moving average price of $37.22. The company has a quick ratio of 0.58, a current ratio of 0.61 and a debt-to-equity ratio of 0.53. The company has a market cap of $5.66 billion, a PE ratio of 24.87, a P/E/G ratio of 0.86 and a beta of 1.63. Alaska Air Group, Inc. has a 52 week low of $30.75 and a 52 week high of $57.18.

Alaska Air Group (NYSE:ALK) last posted its quarterly earnings data on Thursday, April 18th. The transportation company reported ($0.92) EPS for the quarter, beating the consensus estimate of ($1.09) by $0.17. The firm had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.18 billion. Alaska Air Group had a return on equity of 14.72% and a net margin of 2.25%. The firm’s revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.62) EPS. As a group, research analysts anticipate that Alaska Air Group, Inc. will post 4.41 EPS for the current year.

Alaska Air Group Company Profile

Alaska Air Group, Inc, through its subsidiaries, operates airlines. It operates through three segments: Mainline, Regional, and Horizon. The company offers scheduled air transportation services on Boeing jet aircraft for passengers and cargo in the United States, and in parts of Canada, Mexico, Costa Rica, Belize, Guatemala, and the Bahamas; and for passengers across a shorter distance network within the United States, Canada, and Mexico.