Bailard Inc. Cuts Stock Position in Alaska Air Group, Inc. $ALK

Bailard Inc. trimmed its position in shares of Alaska Air Group, Inc. (NYSE:ALK) by 20.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,592 shares of the transportation company’s stock after selling 3,278 shares during the quarter. Bailard Inc.’s holdings in Alaska Air Group were worth $623,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Brooklyn Investment Group raised its stake in shares of Alaska Air Group by 41.1% during the 1st quarter. Brooklyn Investment Group now owns 632 shares of the transportation company’s stock worth $31,000 after acquiring an additional 184 shares in the last quarter. SBI Securities Co. Ltd. grew its holdings in Alaska Air Group by 85.3% in the second quarter. SBI Securities Co. Ltd. now owns 1,308 shares of the transportation company’s stock worth $65,000 after purchasing an additional 602 shares during the last quarter. Assetmark Inc. grew its holdings in Alaska Air Group by 2,162.3% in the second quarter. Assetmark Inc. now owns 1,380 shares of the transportation company’s stock worth $68,000 after purchasing an additional 1,319 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of Alaska Air Group during the first quarter worth $71,000. Finally, State of Wyoming purchased a new stake in shares of Alaska Air Group during the 1st quarter valued at $92,000. 81.90% of the stock is currently owned by institutional investors.

Alaska Air Group Stock Performance

ALK opened at $41.64 on Friday. The firm has a 50 day moving average of $49.36 and a two-hundred day moving average of $51.55. The firm has a market capitalization of $4.80 billion, a PE ratio of 33.58, a P/E/G ratio of 0.80 and a beta of 1.41. The company has a current ratio of 0.52, a quick ratio of 0.49 and a debt-to-equity ratio of 1.12. Alaska Air Group, Inc. has a 12-month low of $39.79 and a 12-month high of $78.08.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings data on Thursday, October 23rd. The transportation company reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.06). The business had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.75 billion. Alaska Air Group had a return on equity of 8.93% and a net margin of 1.06%.The firm’s revenue was up 22.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.25 EPS. On average, analysts anticipate that Alaska Air Group, Inc. will post 6.03 EPS for the current year.

Wall Street Analyst Weigh In

ALK has been the topic of several recent analyst reports. Cantor Fitzgerald set a $65.00 target price on Alaska Air Group in a research report on Monday, November 3rd. JPMorgan Chase & Co. upped their price objective on shares of Alaska Air Group from $73.00 to $96.00 and gave the company an “overweight” rating in a report on Friday, September 12th. Evercore ISI decreased their price objective on shares of Alaska Air Group from $70.00 to $65.00 and set an “outperform” rating for the company in a research report on Tuesday, September 16th. Zacks Research cut shares of Alaska Air Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 8th. Finally, Susquehanna set a $58.00 price target on shares of Alaska Air Group and gave the company a “positive” rating in a research note on Friday, October 3rd. Twelve analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.08.

Insider Buying and Selling at Alaska Air Group

In other news, SVP Kyle B. Levine sold 5,914 shares of the business’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $57.75, for a total value of $341,533.50. Following the completion of the transaction, the senior vice president owned 20,917 shares of the company’s stock, valued at $1,207,956.75. The trade was a 22.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.92% of the company’s stock.

Alaska Air Group 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.