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Amalgamated Bank Buys 16,960 Shares of Alaska Air Group, Inc. (NYSE:ALK)

Alaska Air Group logo with Transportation background

Amalgamated Bank increased its position in Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 43.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,282 shares of the transportation company's stock after acquiring an additional 16,960 shares during the quarter. Amalgamated Bank's holdings in Alaska Air Group were worth $2,770,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Alaska Air Group by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 13,651,876 shares of the transportation company's stock valued at $883,959,000 after purchasing an additional 56,409 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Alaska Air Group by 0.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,225,054 shares of the transportation company's stock worth $403,076,000 after acquiring an additional 56,740 shares in the last quarter. FMR LLC raised its stake in shares of Alaska Air Group by 328.7% during the fourth quarter. FMR LLC now owns 4,649,388 shares of the transportation company's stock worth $301,048,000 after acquiring an additional 3,564,749 shares in the last quarter. Boston Partners raised its stake in shares of Alaska Air Group by 6.9% during the fourth quarter. Boston Partners now owns 3,460,959 shares of the transportation company's stock worth $224,121,000 after acquiring an additional 222,780 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its stake in shares of Alaska Air Group by 134.0% during the fourth quarter. Point72 Asset Management L.P. now owns 2,134,221 shares of the transportation company's stock worth $138,191,000 after acquiring an additional 1,222,277 shares in the last quarter. 81.90% of the stock is currently owned by institutional investors.

Insider Activity

In other news, VP Emily Halverson sold 2,946 shares of Alaska Air Group stock in a transaction dated 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 transaction, the vice president owned 8,253 shares of the company's stock, valued at $423,709.02. The trade was a 26.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Andrew R. Harrison sold 7,500 shares of the company's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $53.51, for a total transaction of $401,325.00. Following the sale, the executive vice president directly owned 26,530 shares of the company's stock, valued at $1,419,620.30. The trade was a 22.04% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,479 shares of company stock valued at $554,228. 0.92% of the stock is owned by insiders.

Analysts Set New Price Targets

ALK has been the topic of several research reports. Susquehanna decreased their price target on shares of Alaska Air Group from $95.00 to $55.00 and set a "positive" rating on the stock in a research note on Monday, April 7th. Bank of America decreased their price target on shares of Alaska Air Group from $80.00 to $70.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. Barclays decreased their price target on shares of Alaska Air Group from $62.00 to $55.00 and set an "overweight" rating on the stock in a research note on Friday, April 25th. TD Cowen lifted their price target on shares of Alaska Air Group from $54.00 to $62.00 and gave the stock a "buy" rating in a research note on Friday, April 25th. Finally, Citigroup decreased their target price on shares of Alaska Air Group from $83.00 to $81.00 and set a "buy" rating on the stock in a research note on Tuesday, March 18th. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, Alaska Air Group currently has an average rating of "Moderate Buy" and an average target price of $66.83.

Read Our Latest Analysis on Alaska Air Group

Alaska Air Group Trading Up 0.3%

NYSE:ALK traded up $0.13 during trading hours on Friday, hitting $51.01. The company had a trading volume of 1,716,510 shares, compared to its average volume of 2,902,947. The company has a market capitalization of $6.26 billion, a PE ratio of 18.55, a price-to-earnings-growth ratio of 0.53 and a beta of 1.41. The stock has a 50-day moving average price of $49.95 and a 200 day moving average price of $57.27. Alaska Air Group, Inc. has a 52 week low of $32.62 and a 52 week high of $78.08. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.56 and a quick ratio of 0.52.

Alaska Air Group (NYSE:ALK - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The transportation company reported ($0.77) earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.19 billion. During the same quarter last year, the firm earned ($0.92) EPS. The business's revenue was up 40.5% on a year-over-year basis. On average, equities research analysts predict that Alaska Air Group, Inc. will post 6.03 EPS for the current fiscal year.

Alaska Air Group Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Alaska Air Group (NYSE:ALK)

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