Alaska Air Group, Inc. (NYSE:ALK) Shares Sold by State of Wisconsin Investment Board

State of Wisconsin Investment Board trimmed its holdings in shares of Alaska Air Group, Inc. (NYSE:ALK) by 57.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,465 shares of the transportation company’s stock after selling 20,551 shares during the quarter. State of Wisconsin Investment Board’s holdings in Alaska Air Group were worth $933,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Alaska Air Group during the 1st quarter worth approximately $27,000. Ameritas Investment Company LLC acquired a new position in shares of Alaska Air Group during the 1st quarter worth approximately $30,000. Exchange Traded Concepts LLC raised its stake in shares of Alaska Air Group by 78.0% during the 2nd quarter. Exchange Traded Concepts LLC now owns 534 shares of the transportation company’s stock worth $32,000 after buying an additional 234 shares during the period. Crewe Advisors LLC raised its stake in shares of Alaska Air Group by 10,833.3% during the 2nd quarter. Crewe Advisors LLC now owns 656 shares of the transportation company’s stock worth $40,000 after buying an additional 650 shares during the period. Finally, First Command Bank raised its stake in shares of Alaska Air Group by 111.9% during the 2nd quarter. First Command Bank now owns 763 shares of the transportation company’s stock worth $46,000 after buying an additional 403 shares during the period. 75.03% of the stock is owned by institutional investors and hedge funds.

In other Alaska Air Group news, Chairman Bradley D. Tilden sold 4,875 shares of the firm’s stock in a transaction on Monday, August 2nd. The stock was sold at an average price of $58.72, for a total value of $286,260.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 14,665 shares of company stock valued at $863,007 over the last ninety days. Corporate insiders own 0.73% of the company’s stock.

Several research analysts have recently weighed in on the company. Wolfe Research raised Alaska Air Group from a “peer perform” rating to an “outperform” rating in a research note on Friday, June 18th. Raymond James reduced their price objective on Alaska Air Group from $85.00 to $78.00 and set a “strong-buy” rating for the company in a research note on Tuesday, July 20th. Morgan Stanley reduced their price objective on Alaska Air Group from $89.00 to $82.00 and set an “overweight” rating for the company in a research note on Tuesday, September 14th. Finally, JPMorgan Chase & Co. increased their price objective on Alaska Air Group from $94.00 to $97.00 and gave the company an “overweight” rating in a research note on Friday, October 1st. One analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Alaska Air Group has a consensus rating of “Buy” and an average target price of $77.00.

NYSE ALK opened at $57.04 on Thursday. The business has a fifty day moving average price of $57.92 and a 200 day moving average price of $62.54. Alaska Air Group, Inc. has a one year low of $35.06 and a one year high of $74.25. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.97 and a current ratio of 0.98. The company has a market cap of $7.14 billion, a P/E ratio of -11.74 and a beta of 1.76.

Alaska Air Group (NYSE:ALK) last issued its earnings results on Wednesday, July 21st. The transportation company reported ($0.30) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.14. Alaska Air Group had a negative return on equity of 37.62% and a negative net margin of 15.52%. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same period last year, the company earned ($3.54) EPS. The company’s revenue for the quarter was up 262.7% on a year-over-year basis. As a group, sell-side analysts predict that Alaska Air Group, Inc. will post -1.43 EPS for the current fiscal year.

Alaska Air Group Company Profile

Alaska Air Group, Inc is a holding company, which engages in the provision of air transportation services. It operates through the following segments: Mainline, Regional and Horizon. The Mainline segment includes Alaska’s Boeing or Airbus jet aircraft for passengers and cargo throughout the U.S., and in parts of Canada, Mexico, and Costa Rica.

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

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