Alaska Air Group, Inc. (NYSE:ALK) Shares Purchased by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC boosted its position in Alaska Air Group, Inc. (NYSE:ALK) by 8.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 66,230 shares of the transportation company’s stock after buying an additional 5,333 shares during the period. Mutual of America Capital Management LLC owned approximately 0.05% of Alaska Air Group worth $2,588,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of ALK. Covestor Ltd grew its position in Alaska Air Group by 416.4% during the 1st quarter. Covestor Ltd now owns 568 shares of the transportation company’s stock worth $33,000 after purchasing an additional 458 shares during the period. Massmutual Trust Co. FSB ADV grew its holdings in Alaska Air Group by 215.8% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 761 shares of the transportation company’s stock worth $30,000 after acquiring an additional 520 shares during the period. Creative Financial Designs Inc. ADV grew its holdings in Alaska Air Group by 255.5% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 775 shares of the transportation company’s stock worth $30,000 after acquiring an additional 557 shares during the period. Itau Unibanco Holding S.A. grew its holdings in Alaska Air Group by 456.1% during the third quarter. Itau Unibanco Holding S.A. now owns 912 shares of the transportation company’s stock worth $34,000 after acquiring an additional 748 shares during the period. Finally, Allworth Financial LP grew its holdings in Alaska Air Group by 63.4% during the third quarter. Allworth Financial LP now owns 1,297 shares of the transportation company’s stock worth $48,000 after acquiring an additional 503 shares during the period. Institutional investors and hedge funds own 81.90% of the company’s stock.

Alaska Air Group Stock Up 1.3 %

Shares of ALK opened at $45.02 on Friday. The company has a current ratio of 0.61, a quick ratio of 0.58 and a debt-to-equity ratio of 0.53. Alaska Air Group, Inc. has a 12 month low of $30.75 and a 12 month high of $57.18. The stock’s 50 day moving average is $39.68 and its two-hundred day moving average is $37.22. The firm has a market cap of $5.66 billion, a P/E ratio of 24.87, a PEG ratio of 0.86 and a beta of 1.63.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings data on Thursday, April 18th. The transportation company reported ($0.92) EPS for the quarter, beating the consensus estimate of ($1.09) by $0.17. Alaska Air Group had a return on equity of 14.72% and a net margin of 2.25%. The company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same period last year, the company earned ($0.62) earnings per share. Alaska Air Group’s quarterly revenue was up 1.6% compared to the same quarter last year. Analysts predict that Alaska Air Group, Inc. will post 4.41 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ALK has been the topic of several analyst reports. Susquehanna raised their target price on Alaska Air Group from $40.00 to $42.00 and gave the stock a “neutral” rating in a report on Friday. TD Cowen raised their target price on Alaska Air Group from $49.00 to $58.00 and gave the stock a “buy” rating in a report on Friday. Melius lowered Alaska Air Group from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Bank of America raised their target price on Alaska Air Group from $50.00 to $56.00 and gave the stock a “buy” rating in a report on Friday. Finally, StockNews.com raised Alaska Air Group from a “sell” rating to a “hold” rating in a report on Friday. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $57.85.

Insider Transactions at Alaska Air Group

In other news, EVP Andrew R. Harrison sold 6,500 shares of Alaska Air Group stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $38.36, for a total value of $249,340.00. Following the sale, the executive vice president now directly owns 26,048 shares of the company’s stock, valued at $999,201.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.68% of the company’s stock.

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.