Guggenheim Capital LLC Sells 12,127 Shares of Alaska Air Group, Inc. (NYSE:ALK)

Guggenheim Capital LLC lessened its holdings in Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 76.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,760 shares of the transportation company's stock after selling 12,127 shares during the period. Guggenheim Capital LLC's holdings in Alaska Air Group were worth $243,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Maryland State Retirement & Pension System boosted its holdings in shares of Alaska Air Group by 0.3% during the fourth 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 boosted its stake in shares of 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 worth $1,931,000 after acquiring an additional 160 shares in the last quarter. Avior Wealth Management LLC boosted its position in shares of Alaska Air Group by 44.8% in the 4th quarter. Avior Wealth Management LLC now owns 588 shares of the transportation company's stock valued at $38,000 after purchasing an additional 182 shares during the period. Savant Capital LLC increased its position in shares of Alaska Air Group by 3.4% in the fourth quarter. Savant Capital LLC now owns 6,284 shares of the transportation company's stock worth $407,000 after acquiring an additional 206 shares in the last quarter. Finally, Mutual of America Capital Management LLC raised 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 purchasing an additional 254 shares during the period. Institutional investors and hedge funds own 81.90% of the company's stock.

Alaska Air Group Stock Up 6.5 %

Shares of ALK traded up $2.89 during trading hours on Friday, reaching $47.29. 2,529,008 shares of the stock traded hands, compared to its average volume of 2,674,180. The company has a market cap of $5.80 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 0.43 and a beta of 1.37. Alaska Air Group, Inc. has a 52 week low of $32.62 and a 52 week high of $78.08. The company has a current ratio of 0.61, a quick ratio of 0.58 and a debt-to-equity ratio of 1.04. The stock has a fifty day simple moving average of $51.73 and a 200 day simple moving average of $57.84.

Alaska Air Group (NYSE:ALK - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.19 billion. During the same period in the prior year, the firm posted ($0.92) EPS. The business's revenue was up 40.5% on a year-over-year basis. On average, equities analysts forecast that Alaska Air Group, Inc. will post 6.03 EPS for the current year.

Insider Activity

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 transaction of $1,664,433.84. Following the completion of the sale, the chief operating officer now owns 20,026 shares of the company's stock, valued at $1,504,353.12. This represents a 52.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Andrew R. Harrison sold 6,600 shares of the firm's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $76.28, for a total value of $503,448.00. Following the completion of the sale, the executive vice president now directly owns 34,030 shares in the company, valued at $2,595,808.40. The trade was a 16.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 51,650 shares of company stock worth $3,901,798 in the last three months. Corporate insiders own 1.00% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on Alaska Air Group from $85.00 to $89.00 and gave the company an "overweight" rating in a report on Monday, March 3rd. Bank of America cut their price objective on Alaska Air Group from $80.00 to $70.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. The Goldman Sachs Group increased their price target on shares of Alaska Air Group from $70.00 to $79.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. UBS Group downgraded shares of Alaska Air Group from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $75.00 to $54.00 in a research note on Monday, April 7th. Finally, Susquehanna cut their price objective on Alaska Air Group from $95.00 to $55.00 and set a "positive" rating for the company in a report on Monday, April 7th. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $65.92.

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.