Alaska Air Group, Inc. (NYSE:ALK) Shares Sold by Everence Capital Management Inc.

Everence Capital Management Inc. decreased its holdings in Alaska Air Group, Inc. (NYSE:ALK) by 37.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,610 shares of the transportation company’s stock after selling 10,120 shares during the quarter. Everence Capital Management Inc.’s holdings in Alaska Air Group were worth $649,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in ALK. Private Advisor Group LLC grew its position in Alaska Air Group by 78.2% in the first quarter. Private Advisor Group LLC now owns 9,980 shares of the transportation company’s stock worth $579,000 after buying an additional 4,379 shares during the last quarter. MetLife Investment Management LLC grew its position in Alaska Air Group by 23.6% during the 1st quarter. MetLife Investment Management LLC now owns 34,204 shares of the transportation company’s stock worth $1,984,000 after purchasing an additional 6,520 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Alaska Air Group by 7.1% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,847 shares of the transportation company’s stock worth $977,000 after purchasing an additional 1,119 shares in the last quarter. APG Asset Management N.V. purchased a new position in Alaska Air Group during the 1st quarter worth approximately $980,000. Finally, Great West Life Assurance Co. Can grew its position in Alaska Air Group by 3.4% during the 1st quarter. Great West Life Assurance Co. Can now owns 17,972 shares of the transportation company’s stock worth $1,077,000 after purchasing an additional 592 shares in the last quarter. Institutional investors and hedge funds own 81.90% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Andrew R. Harrison sold 6,500 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $38.36, for a total transaction of $249,340.00. Following the transaction, the executive vice president now owns 26,048 shares in the company, valued at approximately $999,201.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.92% of the company’s stock.

Alaska Air Group Stock Up 4.7 %

Alaska Air Group stock opened at $42.72 on Thursday. The firm has a market cap of $5.37 billion, a price-to-earnings ratio of 23.60, a P/E/G ratio of 0.82 and a beta of 1.63. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.61 and a quick ratio of 0.58. Alaska Air Group, Inc. has a fifty-two week low of $30.75 and a fifty-two week high of $57.18. The firm has a fifty day moving average price of $39.36 and a two-hundred day moving average price of $37.12.

Alaska Air Group (NYSE:ALK) last released its earnings results on Thursday, January 25th. The transportation company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.12. The firm had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.53 billion. Alaska Air Group had a net margin of 2.25% and a return on equity of 14.72%. The business’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.92 EPS. As a group, analysts forecast that Alaska Air Group, Inc. will post 4.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ALK. TD Cowen lifted their price objective on shares of Alaska Air Group from $41.00 to $49.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Susquehanna lowered shares of Alaska Air Group from a “positive” rating to a “neutral” rating and lifted their target price for the company from $39.00 to $40.00 in a research note on Wednesday, January 10th. UBS Group started coverage on shares of Alaska Air Group in a research note on Wednesday, March 20th. They set a “buy” rating and a $54.00 target price for the company. StockNews.com lowered shares of Alaska Air Group from a “hold” rating to a “sell” rating in a research note on Tuesday, April 9th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Alaska Air Group from a “hold” rating to a “buy” rating and lifted their target price for the company from $44.00 to $51.00 in a research note on Tuesday, February 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Alaska Air Group has an average rating of “Moderate Buy” and a consensus price target of $57.44.

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.