18,380 Shares in Alaska Air Group, Inc. (NYSE:ALK) Acquired by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. acquired a new stake in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 18,380 shares of the transportation company's stock, valued at approximately $905,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Maryland State Retirement & Pension System raised its holdings in shares of Alaska Air Group by 0.3% during the 4th quarter. Maryland State Retirement & Pension System now owns 49,905 shares of the transportation company's stock valued at $3,231,000 after purchasing an additional 147 shares in the last quarter. Mutual of America Capital Management LLC increased its position in Alaska Air Group by 1.3% during the fourth quarter. Mutual of America Capital Management LLC now owns 19,229 shares of the transportation company's stock worth $1,245,000 after buying an additional 254 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in Alaska Air Group by 6.6% during the fourth quarter. Sequoia Financial Advisors LLC now owns 5,381 shares of the transportation company's stock valued at $348,000 after buying an additional 332 shares in the last quarter. Treasurer of the State of North Carolina lifted its position in shares of Alaska Air Group by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 55,170 shares of the transportation company's stock worth $3,572,000 after buying an additional 340 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Alaska Air Group by 61.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 955 shares of the transportation company's stock worth $62,000 after buying an additional 364 shares during the last quarter. 81.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ALK has been the topic of a number of analyst reports. Susquehanna lowered their price objective on Alaska Air Group from $95.00 to $55.00 and set a "positive" rating on the stock in a report on Monday, April 7th. Citigroup lowered their price target on Alaska Air Group from $83.00 to $81.00 and set a "buy" rating on the stock in a report on Tuesday, March 18th. UBS Group lowered shares of Alaska Air Group from a "buy" rating to a "neutral" rating and dropped their price target for the company from $75.00 to $54.00 in a research report on Monday, April 7th. Bank of America decreased their price objective on shares of Alaska Air Group from $80.00 to $70.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Finally, JPMorgan Chase & Co. raised their target price on shares of Alaska Air Group from $85.00 to $89.00 and gave the company an "overweight" rating in a research note on Monday, March 3rd. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, Alaska Air Group currently has a consensus rating of "Moderate Buy" and an average target price of $66.83.

Insider Transactions at Alaska Air Group

In other Alaska Air Group news, VP Emily Halverson sold 2,946 shares of Alaska Air Group stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $51.34, for a total transaction of $151,247.64. Following the sale, the vice president directly owned 8,253 shares of the company's stock, valued at approximately $423,709.02. The trade was a 26.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Andrew R. Harrison sold 7,500 shares of the stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $53.51, for a total value of $401,325.00. Following the completion of the transaction, the executive vice president directly owned 26,530 shares of the company's stock, valued at approximately $1,419,620.30. The trade was a 22.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,479 shares of company stock valued at $554,228. Corporate insiders own 0.92% of the company's stock.

Alaska Air Group Trading Up 0.2%

Shares of ALK opened at $49.48 on Tuesday. The stock's 50-day moving average price is $49.38 and its 200 day moving average price is $57.63. The company has a quick ratio of 0.52, a current ratio of 0.56 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $6.07 billion, a price-to-earnings ratio of 17.99, a P/E/G ratio of 0.50 and a beta of 1.44. Alaska Air Group, Inc. has a 12-month low of $32.62 and a 12-month high of $78.08.

Alaska Air Group (NYSE:ALK - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The transportation company reported ($0.77) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.72) by ($0.05). Alaska Air Group had a net margin of 2.86% and a return on equity of 15.01%. The firm had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.19 billion. During the same quarter in the prior year, the firm posted ($0.92) earnings per share. The business's revenue for the quarter was up 40.5% on a year-over-year basis. As a group, research analysts predict that Alaska Air Group, Inc. will post 6.03 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.

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