Ethic Inc. Has $673,000 Position in Alaska Air Group, Inc. (NYSE:ALK)

Ethic Inc. cut its position in Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 57.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,396 shares of the transportation company's stock after selling 14,109 shares during the period. Ethic Inc.'s holdings in Alaska Air Group were worth $673,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Avior Wealth Management LLC lifted its position in shares of Alaska Air Group by 44.8% during the fourth quarter. Avior Wealth Management LLC now owns 588 shares of the transportation company's stock worth $38,000 after purchasing an additional 182 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Alaska Air Group in the fourth quarter valued at approximately $52,000. EverSource Wealth Advisors LLC lifted its holdings in Alaska Air Group by 61.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 955 shares of the transportation company's stock valued at $62,000 after buying an additional 364 shares during the period. Millstone Evans Group LLC acquired a new position in Alaska Air Group in the fourth quarter valued at approximately $76,000. Finally, Smartleaf Asset Management LLC lifted its holdings in Alaska Air Group by 97.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,623 shares of the transportation company's stock valued at $105,000 after buying an additional 803 shares during the period. 81.90% of the stock is currently owned by institutional investors and hedge funds.

Alaska Air Group Stock Up 1.4%

Shares of ALK stock traded up $0.73 during trading hours on Friday, hitting $53.71. 2,492,559 shares of the company were exchanged, compared to its average volume of 2,758,775. Alaska Air Group, Inc. has a 52 week low of $32.62 and a 52 week high of $78.08. The business has a 50 day moving average of $48.73 and a two-hundred day moving average of $58.36. The company has a market capitalization of $6.59 billion, a PE ratio of 17.61, a PEG ratio of 0.43 and a beta of 1.41. The company has a current ratio of 0.61, a quick ratio of 0.58 and a debt-to-equity ratio of 1.04.

Alaska Air Group (NYSE:ALK - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The transportation company reported ($0.77) EPS for the quarter, missing the consensus estimate of ($0.72) by ($0.05). Alaska Air Group had a return on equity of 14.66% and a net margin of 3.37%. The business had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.19 billion. During the same quarter in the previous year, the company posted ($0.92) EPS. The business's revenue for the quarter was up 40.5% compared to the same quarter last year. Analysts anticipate that Alaska Air Group, Inc. will post 6.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of Alaska Air Group from $85.00 to $89.00 and gave the company an "overweight" rating in a report on Monday, March 3rd. Citigroup cut their price objective on shares of Alaska Air Group from $83.00 to $81.00 and set a "buy" rating on the stock in a report on Tuesday, March 18th. Barclays lowered their target price on shares of Alaska Air Group from $62.00 to $55.00 and set an "overweight" rating for the company in a research note on Friday, April 25th. Susquehanna lowered their target price on shares of Alaska Air Group from $95.00 to $55.00 and set a "positive" rating for the company in a research note on Monday, April 7th. Finally, Bank of America lowered their target price on shares of Alaska Air Group from $80.00 to $70.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, Alaska Air Group has an average rating of "Moderate Buy" and an average target price of $65.92.

Insider Buying and Selling

In other Alaska Air Group news, COO Muehlen Constance E. Von sold 22,157 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $75.12, for a total value of $1,664,433.84. Following the completion of the sale, the chief operating officer now owns 20,026 shares in the company, valued at $1,504,353.12. This trade represents a 52.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Andrew R. Harrison sold 6,600 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $76.28, for a total transaction of $503,448.00. Following the completion of the sale, the executive vice president now owns 34,030 shares of the company's stock, valued at approximately $2,595,808.40. This represents a 16.24% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,790 shares of company stock worth $2,169,537. 1.00% of the stock is owned by insiders.

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.