Capital Fund Management S.A. lowered its stake in shares of Alaska Air Group, Inc. (NYSE:ALK) by 19.7% during the third quarter, Holdings Channel reports. The fund owned 122,694 shares of the company’s stock after selling 30,031 shares during the period. Capital Fund Management S.A. owned about 0.10% of Alaska Air Group worth $8,081,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Tower Research Capital LLC TRC raised its position in shares of Alaska Air Group by 146.1% in the second quarter. Tower Research Capital LLC TRC now owns 2,077 shares of the company’s stock valued at $121,000 after buying an additional 1,233 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of Alaska Air Group by 9.1% in the second quarter. Pacer Advisors Inc. now owns 2,169 shares of the company’s stock valued at $126,000 after buying an additional 181 shares during the last quarter. Point72 Asia Hong Kong Ltd acquired a new position in shares of Alaska Air Group during the second quarter valued at $175,000. Seven Eight Capital LLC acquired a new position in shares of Alaska Air Group during the second quarter valued at $194,000. Finally, Regentatlantic Capital LLC acquired a new position in shares of Alaska Air Group during the third quarter valued at $200,000. 88.11% of the stock is currently owned by hedge funds and other institutional investors.

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

Alaska Air Group, Inc. (NYSE:ALK) traded up 0.359% during midday trading on Friday, reaching $93.595. 120,983 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $87.82 and a 200 day moving average price of $72.79. The company has a market cap of $11.54 billion, a P/E ratio of 13.125 and a beta of 0.77. Alaska Air Group, Inc. has a 12 month low of $54.51 and a 12 month high of $94.80.

Alaska Air Group (NYSE:ALK) last issued its earnings results on Thursday, October 20th. The company reported $2.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.07 by $0.13. The business earned $1.56 billion during the quarter, compared to the consensus estimate of $1.56 billion. Alaska Air Group had a return on equity of 34.91% and a net margin of 15.40%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the company posted $2.16 earnings per share. On average, equities analysts anticipate that Alaska Air Group, Inc. will post $7.10 EPS for the current year.

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Several brokerages recently weighed in on ALK. Imperial Capital raised their price objective on shares of Alaska Air Group from $74.00 to $84.00 and gave the company an “in-line” rating in a research report on Friday, October 21st. Bank of America Corporation raised shares of Alaska Air Group from a “neutral” rating to a “buy” rating and raised their price objective for the company from $97.00 to $110.00 in a research report on Tuesday. Citigroup Inc. began coverage on shares of Alaska Air Group in a research report on Friday, November 18th. They issued a “neutral” rating and a $81.00 price target on the stock. Vetr lowered shares of Alaska Air Group from a “sell” rating to a “strong sell” rating and set a $75.50 price target on the stock. in a research report on Wednesday, December 7th. Finally, Zacks Investment Research lowered shares of Alaska Air Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $89.32.

In other Alaska Air Group news, VP Brandon Pedersen sold 2,090 shares of the firm’s stock in a transaction that occurred on Thursday, October 20th. The stock was sold at an average price of $74.44, for a total value of $155,579.60. Following the completion of the sale, the vice president now owns 13,360 shares of the company’s stock, valued at $994,518.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Joseph A. Sprague sold 6,666 shares of the firm’s stock in a transaction that occurred on Thursday, October 20th. The shares were sold at an average price of $75.00, for a total value of $499,950.00. Following the completion of the sale, the senior vice president now directly owns 6,620 shares of the company’s stock, valued at approximately $496,500. The disclosure for this sale can be found here. 0.68% of the stock is owned by company insiders.

Alaska Air Group Company Profile

Alaska Air Group, Inc is a holding company of Alaska Airlines (Alaska) and Horizon Air (Horizon). The Company’s segments include Alaska Mainline, Alaska Regional and Horizon. Its Alaska Mainline segment operates the Boeing 737 part of Alaska’s business. It offers north/south service within the western United States, Canada, Mexico and Costa Rica, as well as passenger and dedicated cargo services to and within the state of Alaska.

5 Day Chart for NYSE:ALK

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