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

Mutual of America Capital Management LLC lowered its stake in Alaska Air Group, Inc. (NYSE:ALK) by 9.0% during the third quarter, Holdings Channel.com reports. The firm owned 18,975 shares of the transportation company’s stock after selling 1,882 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Alaska Air Group were worth $858,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Altshuler Shaham Ltd purchased a new position in Alaska Air Group in the second quarter worth approximately $28,000. Venturi Wealth Management LLC lifted its position in shares of Alaska Air Group by 86.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,025 shares of the transportation company’s stock worth $46,000 after purchasing an additional 474 shares during the last quarter. Pacifica Partners Inc. grew its stake in shares of Alaska Air Group by 952.4% during the third quarter. Pacifica Partners Inc. now owns 1,105 shares of the transportation company’s stock worth $50,000 after purchasing an additional 1,000 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in Alaska Air Group in the third quarter valued at $67,000. Finally, Canada Pension Plan Investment Board acquired a new stake in Alaska Air Group in the second quarter valued at $69,000. Hedge funds and other institutional investors own 81.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ALK. Bank of America upped their target price on shares of Alaska Air Group from $50.00 to $55.00 and gave the company a “buy” rating in a report on Friday, September 13th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $70.00 price objective on shares of Alaska Air Group in a report on Friday, November 15th. Citigroup reduced their target price on Alaska Air Group from $51.00 to $48.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Barclays lifted their price target on Alaska Air Group from $55.00 to $80.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Finally, Melius raised Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a report on Monday, October 28th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Alaska Air Group presently has a consensus rating of “Moderate Buy” and an average target price of $58.69.

Alaska Air Group Trading Down 1.0 %

NYSE:ALK opened at $52.93 on Wednesday. The stock has a fifty day simple moving average of $46.68 and a 200 day simple moving average of $41.74. The firm has a market capitalization of $6.72 billion, a price-to-earnings ratio of 21.34, a price-to-earnings-growth ratio of 1.19 and a beta of 1.59. Alaska Air Group, Inc. has a 1-year low of $32.00 and a 1-year high of $54.14. The company has a quick ratio of 0.57, a current ratio of 0.60 and a debt-to-equity ratio of 0.93.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings data on Thursday, October 31st. The transportation company reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.03. The firm had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3 billion. Alaska Air Group had a return on equity of 12.81% and a net margin of 2.99%. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.83 EPS. Sell-side analysts forecast that Alaska Air Group, Inc. will post 4.26 earnings per share 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.