First Trust Advisors LP lowered its holdings in Alaska Air Group, Inc.(NYSE:ALK) by 19.2% in the first the company in its most recent Form 13F filing with the Securities & Exchange Commission.The firm owned 102,190 shares of the transportation company’s stock after selling 24,277 First Trust Advisors LP owned 0.08% of Alaska Air Group worth $2,909,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company.Bank of New York Mellon Corp grew its position in Alaska Air Group by 19.2% during the first quarter.
Bank of New York Mellon Corp now owns 1,217,196 shares of the transportation company’s stock valued at $34,655,000 after acquiring an additional 195,985 Rhumbline Advisers grew its position in Alaska Air Group by 11.6% during the first quarter.Rhumbline Advisers now owns 226,773 shares of the transportation company’s stock valued at $6,456,000 after acquiring an additional 23,601 Fuller & Thaler Asset Management Inc.grew its position in Alaska Air Group by 653.6% during the first quarter.Fuller & Thaler Asset Management Inc.
now owns 5,456 shares of the transportation company’s stock valued at $155,000 after acquiring an additional 4,732 Keebeck Alpha LP grew its position in Alaska Air Group by 136.2% during the first quarter.Keebeck Alpha LP now owns 7,803 shares of the transportation company’s stock valued at $222,000 after acquiring an additional 4,500 Finally, Pearl River Capital LLC purchased a new stake in Alaska Air Group during the first quarter valued at about $125,000.80.21% of the stock is owned by institutional investors and hedge funds.
Get Alaska Air Group alerts: A number of equities research analysts have issued reports on ALK shares.TheStreet downgraded Alaska Air Group from a “c” rating to a “d+” rating in a research report on Friday, May 15th.Goldman Sachs Group downgraded Alaska Air Group from a “conviction-buy” rating to a “buy” rating in a research report on Monday, March 16th.Bank of America lowered their price target on Alaska Air Group from $51.00 to $37.00 and set a “neutral” rating for the company in a research report on Monday, March 23rd.
Raymond James reduced their price objective on Alaska Air Group from $84.00 to $40.00 and set a “strong-buy” rating on the stock in a research note on Monday, March 23rd.Finally, Credit Suisse Group restated an “outperform” rating and set a $51.00 price objective on shares of Alaska Air Group in a research note on Monday, May 18th.
Eight analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company.The stock currently has an average rating of “Buy” and an average target price of $52.54.
Shares of NYSE:ALK opened at $35.74 on Thursday.Alaska Air Group, Inc.has a one year low of $20.02 and a one year high of $72.22.The stock has a fifty day moving average of $29.42 and a 200-day moving average of $51.77.The company has a market capitalization of $4.29 billion, a PE ratio of 8.31 and a beta of 1.49.The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.67 and a current ratio of 0.69.
Alaska Air Group (NYSE:ALK) last released its earnings results on Tuesday, May 5th.The transportation company reported ($0.82) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($1.27) by $0.45.
The company had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.71 billion.Alaska Air Group had a return on equity of 16.29% and a net margin of 6.24%.The company’s revenue for the quarter was down 12.8% on a year-over-year basis.During the same quarter in the prior year, the company earned $0.17 earnings per share.As a group, research analysts forecast that Alaska Air Group, Inc.will post -5.4 EPS for the current fiscal year.
Alaska Air Group Company Profile
Alaska Air Group, Inc, through its subsidiaries, provides passenger and cargo air transportation services.The company operates through three segments: Mainline, Regional, and Horizon.It has a network of approximately 1,200 daily flights to 115 destinations across the United States, Mexico, Canada, and Costa Rica.
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