Russell Investments Group Ltd. Sells 3,174 Shares of Alaska Air Group, Inc. (NYSE:ALK)

Russell Investments Group Ltd. trimmed its position in Alaska Air Group, Inc. (NYSE:ALK) by 2.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 136,732 shares of the transportation company’s stock after selling 3,174 shares during the quarter. Russell Investments Group Ltd. owned about 0.11% of Alaska Air Group worth $8,012,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the company. Crewe Advisors LLC increased its stake in Alaska Air Group by 10,833.3% during the second quarter. Crewe Advisors LLC now owns 656 shares of the transportation company’s stock worth $40,000 after acquiring an additional 650 shares during the last quarter. Berman Capital Advisors LLC increased its stake in Alaska Air Group by 47.0% during the third quarter. Berman Capital Advisors LLC now owns 697 shares of the transportation company’s stock worth $40,000 after acquiring an additional 223 shares during the last quarter. Financial Insights Inc. bought a new stake in Alaska Air Group during the second quarter worth approximately $51,000. Harbor Investment Advisory LLC boosted its position in shares of Alaska Air Group by 36.9% during the third quarter. Harbor Investment Advisory LLC now owns 927 shares of the transportation company’s stock valued at $54,000 after buying an additional 250 shares during the period. Finally, Allworth Financial LP boosted its position in shares of Alaska Air Group by 154.6% during the third quarter. Allworth Financial LP now owns 975 shares of the transportation company’s stock valued at $57,000 after buying an additional 592 shares during the period. 74.89% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Chairman Bradley D. Tilden sold 4,875 shares of the company’s stock in a transaction on Wednesday, November 3rd. The stock was sold at an average price of $55.05, for a total value of $268,368.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Andrew R. Harrison sold 1,725 shares of the company’s stock in a transaction on Tuesday, November 9th. The shares were sold at an average price of $58.47, for a total transaction of $100,860.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,300 shares of company stock worth $465,926. 0.73% of the stock is owned by insiders.

Shares of ALK stock opened at $55.79 on Friday. The business’s fifty day simple moving average is $52.79 and its 200-day simple moving average is $55.94. The company has a market cap of $6.99 billion, a PE ratio of 348.69 and a beta of 1.63. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 0.63. Alaska Air Group, Inc. has a 12-month low of $46.26 and a 12-month high of $74.25.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings results on Wednesday, October 20th. The transportation company reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.18. Alaska Air Group had a negative return on equity of 18.97% and a net margin of 0.59%. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the prior year, the firm posted ($3.23) earnings per share. The business’s quarterly revenue was up 178.6% on a year-over-year basis. On average, equities analysts forecast that Alaska Air Group, Inc. will post -2.09 earnings per share for the current year.

Several research analysts have issued reports on the company. Morgan Stanley dropped their target price on Alaska Air Group from $82.00 to $78.00 and set an “overweight” rating for the company in a research report on Tuesday. Barclays lowered their target price on Alaska Air Group from $68.00 to $61.00 in a report on Friday. JPMorgan Chase & Co. upped their target price on Alaska Air Group from $94.00 to $97.00 and gave the stock an “overweight” rating in a report on Friday, October 1st. Finally, Raymond James lowered their target price on Alaska Air Group from $78.00 to $75.00 and set a “strong-buy” rating for the company in a report on Monday, November 29th. One analyst has rated the stock with a sell rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Alaska Air Group currently has a consensus rating of “Buy” and an average target price of $79.00.

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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