Everence Capital Management Inc. Sells 10,120 Shares of Alaska Air Group, Inc. (NYSE:ALK)

Everence Capital Management Inc. lowered its holdings in Alaska Air Group, Inc. (NYSE:ALKFree Report) by 37.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,610 shares of the transportation company’s stock after selling 10,120 shares during the period. Everence Capital Management Inc.’s holdings in Alaska Air Group were worth $649,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV grew its position in Alaska Air Group by 215.8% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 761 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 520 shares in the last quarter. Creative Financial Designs Inc. ADV grew its position in Alaska Air Group by 255.5% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 775 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 557 shares in the last quarter. Covestor Ltd lifted its stake in Alaska Air Group by 416.4% in the first 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 last quarter. Itau Unibanco Holding S.A. lifted its stake in Alaska Air Group by 456.1% in the third quarter. Itau Unibanco Holding S.A. now owns 912 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 748 shares during the last quarter. Finally, Allworth Financial LP lifted its stake in Alaska Air Group by 63.4% in the third quarter. Allworth Financial LP now owns 1,297 shares of the transportation company’s stock valued at $48,000 after acquiring an additional 503 shares during the last quarter. Institutional investors own 81.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on ALK shares. Evercore ISI increased their price target on shares of Alaska Air Group from $55.00 to $65.00 and gave the company an “outperform” rating in a research note on Thursday, April 4th. UBS Group started coverage on shares of Alaska Air Group in a research note on Wednesday, March 20th. They issued a “buy” rating and a $54.00 price target for the company. TD Cowen increased their price target on shares of Alaska Air Group from $41.00 to $49.00 and gave the company a “buy” rating in a research note on Friday, April 5th. StockNews.com cut shares of Alaska Air Group from a “hold” rating to a “sell” rating in a research note on Tuesday, April 9th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Alaska Air Group from a “hold” rating to a “buy” rating and raised their target price for the stock from $44.00 to $51.00 in a research note on Tuesday, February 20th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Alaska Air Group currently has an average rating of “Moderate Buy” and an average target price of $57.44.

Read Our Latest Research Report on Alaska Air Group

Alaska Air Group Price Performance

Shares of Alaska Air Group stock opened at $42.72 on Thursday. Alaska Air Group, Inc. has a twelve month low of $30.75 and a twelve month high of $57.18. 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 50-day simple moving average of $39.36 and a two-hundred day simple moving average of $37.12. The stock has a market capitalization of $5.37 billion, a price-to-earnings ratio of 23.60, a price-to-earnings-growth ratio of 0.82 and a beta of 1.63.

Alaska Air Group (NYSE:ALKGet Free Report) last released its earnings results on Thursday, January 25th. The transportation company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.18 by $0.12. Alaska Air Group had a net margin of 2.25% and a return on equity of 14.72%. The firm had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.53 billion. During the same period last year, the firm earned $0.92 EPS. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. Analysts forecast that Alaska Air Group, Inc. will post 4.41 EPS for the current year.

Insider Buying and Selling at Alaska Air Group

In other Alaska Air Group news, EVP Andrew R. Harrison sold 6,500 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $38.36, for a total value of $249,340.00. Following the transaction, the executive vice president now directly owns 26,048 shares of the company’s stock, valued at approximately $999,201.28. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.92% of the company’s stock.

Alaska Air Group Profile

(Free Report)

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.

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

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