Scout Investments Inc. decreased its holdings in Alaska Air Group, Inc. (NYSE:ALK) by 29.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 248,458 shares of the transportation company’s stock after selling 103,021 shares during the quarter. Scout Investments Inc. owned 0.20% of Alaska Air Group worth $13,943,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of ALK. We Are One Seven LLC acquired a new position in Alaska Air Group in the fourth quarter worth approximately $34,000. North Star Investment Management Corp. purchased a new position in Alaska Air Group during the 4th quarter worth approximately $49,000. Enlightenment Research LLC purchased a new position in Alaska Air Group during the 4th quarter worth approximately $61,000. Legacy Financial Advisors Inc. grew its position in Alaska Air Group by 134.4% during the 4th quarter. Legacy Financial Advisors Inc. now owns 1,261 shares of the transportation company’s stock worth $77,000 after purchasing an additional 723 shares in the last quarter. Finally, Bremer Trust National Association purchased a new position in Alaska Air Group during the 4th quarter worth approximately $94,000. Hedge funds and other institutional investors own 88.29% of the company’s stock.
ALK has been the topic of several research analyst reports. JPMorgan Chase & Co. upgraded shares of Alaska Air Group from an “underweight” rating to a “neutral” rating and set a $67.00 price objective on the stock in a research report on Thursday, January 10th. Zacks Investment Research upgraded shares of Alaska Air Group from a “hold” rating to a “buy” rating and set a $67.00 price objective on the stock in a research report on Tuesday, March 5th. Buckingham Research lowered their price objective on shares of Alaska Air Group from $88.00 to $80.00 and set a “buy” rating on the stock in a research report on Friday, March 8th. Imperial Capital reiterated an “outperform” rating and set a $90.00 price objective on shares of Alaska Air Group in a research report on Tuesday, January 15th. Finally, Citigroup lowered their price objective on shares of Alaska Air Group from $74.00 to $65.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 6th. Seven analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $76.03.
In other Alaska Air Group news, VP Brandon Pedersen sold 4,026 shares of Alaska Air Group stock in a transaction on Friday, March 1st. The shares were sold at an average price of $62.00, for a total transaction of $249,612.00. Following the completion of the sale, the vice president now owns 26,524 shares of the company’s stock, valued at approximately $1,644,488. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Christopher Michael Berry sold 750 shares of Alaska Air Group stock in a transaction on Wednesday, February 13th. The shares were sold at an average price of $67.14, for a total transaction of $50,355.00. Following the sale, the vice president now directly owns 1,233 shares of the company’s stock, valued at approximately $82,783.62. The disclosure for this sale can be found here. Insiders have sold a total of 8,776 shares of company stock valued at $551,687 in the last three months. Company insiders own 0.43% of the company’s stock.
Shares of NYSE:ALK opened at $60.63 on Monday. The firm has a market cap of $7.38 billion, a price-to-earnings ratio of 13.59 and a beta of 0.81. Alaska Air Group, Inc. has a 12-month low of $53.39 and a 12-month high of $74.83. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.61 and a quick ratio of 0.59.
Alaska Air Group (NYSE:ALK) last issued its earnings results on Thursday, January 24th. The transportation company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.02. The company had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.06 billion. Alaska Air Group had a net margin of 5.29% and a return on equity of 15.20%. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the business posted $0.83 EPS. Equities analysts forecast that Alaska Air Group, Inc. will post 6.1 EPS for the current fiscal year.
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Alaska Air Group Profile
Alaska Air Group, Inc, through its subsidiaries, provides passengers and cargo air transportation services. It also focuses on providing ground and ramp handling services to airlines. The company operates through three segments: Mainline, Regional, and Horizon. It has a network of approximately 1,200 daily flights to 118 destinations across the United States, Mexico, Canada, and Costa Rica.
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