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

Yousif Capital Management LLC trimmed its holdings in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 12.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,470 shares of the transportation company's stock after selling 5,881 shares during the period. Yousif Capital Management LLC's holdings in Alaska Air Group were worth $2,090,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Maryland State Retirement & Pension System lifted its stake in 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 acquiring an additional 147 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in Alaska Air Group by 0.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 29,816 shares of the transportation company's stock valued at $1,931,000 after acquiring an additional 160 shares during the period. Savant Capital LLC lifted its stake in Alaska Air Group by 3.4% during the 4th quarter. Savant Capital LLC now owns 6,284 shares of the transportation company's stock valued at $407,000 after acquiring an additional 206 shares during the period. Mutual of America Capital Management LLC lifted its stake in Alaska Air Group by 1.3% during the 4th quarter. Mutual of America Capital Management LLC now owns 19,229 shares of the transportation company's stock valued at $1,245,000 after acquiring an additional 254 shares during the period. Finally, Plan Group Financial LLC lifted its stake in Alaska Air Group by 3.3% during the 4th quarter. Plan Group Financial LLC now owns 8,136 shares of the transportation company's stock valued at $527,000 after acquiring an additional 257 shares during the period. 81.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Alaska Air Group

In other Alaska Air Group news, EVP Andrew R. Harrison sold 7,500 shares of the firm's stock in a transaction 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 sale, the executive vice president now directly owns 26,530 shares of the company's stock, valued at $1,419,620.30. This trade represents a 22.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Emily Halverson sold 2,946 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $51.34, for a total value of $151,247.64. Following the completion of the sale, the vice president now directly owns 8,253 shares of the company's stock, valued at $423,709.02. This trade represents a 26.31% 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 worth $554,228. Corporate insiders own 1.00% of the company's stock.

Analyst Ratings Changes

ALK has been the subject of several research reports. UBS Group cut shares of Alaska Air Group from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $75.00 to $54.00 in a research note on Monday, April 7th. 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 research report on Monday, April 7th. Bank of America lowered their price objective on Alaska Air Group from $80.00 to $70.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. TD Cowen upped their price objective on Alaska Air Group from $54.00 to $62.00 and gave the stock a "buy" rating in a research report on Friday, April 25th. Finally, Citigroup decreased their target price on Alaska Air Group from $83.00 to $81.00 and set a "buy" rating on the stock in a research report on Tuesday, March 18th. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $66.83.

Alaska Air Group Trading Down 4.5%

Shares of NYSE:ALK opened at $47.40 on Monday. The business's 50 day moving average price is $48.81 and its 200-day moving average price is $58.32. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.61 and a quick ratio of 0.58. The firm has a market capitalization of $5.82 billion, a price-to-earnings ratio of 15.54, a price-to-earnings-growth ratio of 0.43 and a beta of 1.44. Alaska Air Group, Inc. has a 1 year low of $32.62 and a 1 year high of $78.08.

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

Alaska Air Group 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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