1 week Ago By ABMN Staff
Pictet Asset Management Holding SA cut its stake in Alaska Air Group, Inc. ( NYSE:ALK – Free Report ) by 3.7% in the 4th quarter, HoldingsChannel reports.
The fund owned 11,282 shares of the transportation company’s stock after selling 434 shares during the period. Pictet Asset Management Holding SA’s holdings in Alaska Air Group were worth $731,000 at the end of the most recent reporting period. A number of other hedge funds have also made changes to their positions in the stock.
New Age Alpha Advisors LLC acquired a new stake in Alaska Air Group in the fourth quarter worth approximately $1,420,000. Norges Bank bought a new stake in shares of Alaska Air Group in the 4th quarter worth $19,847,000. WINTON GROUP Ltd lifted its holdings in shares of Alaska Air Group by 148.
9% in the fourth quarter. WINTON GROUP Ltd now owns 128,939 shares of the transportation company’s stock valued at $8,349,000 after buying an additional 77,134 shares during the period. Parametrica Management Ltd bought a new position in Alaska Air Group during the fourth quarter valued at about $200,000.
Finally, Vanguard Group Inc. grew its holdings in Alaska Air Group by 0.4% during the fourth quarter.
Vanguard Group Inc. now owns 13,651,876 shares of the transportation company’s stock worth $883,959,000 after acquiring an additional 56,409 shares during the period. Institutional investors and hedge funds own 81.
90% of the company’s stock. Alaska Air Group Trading Down 1.6 % NYSE:ALK opened at $43.
75 on Tuesday. The stock has a market cap of $5.37 billion, a PE ratio of 14.
35, a price-to-earnings-growth ratio of 0.43 and a beta of 1.37.
Alaska Air Group, Inc. has a fifty-two week low of $32.62 and a fifty-two week high of $78.
08. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.
61 and a quick ratio of 0.58. The stock’s 50-day moving average is $63.
51 and its two-hundred day moving average is $57.96. Analysts Set New Price Targets A number of equities research analysts have weighed in on the stock.
JPMorgan Chase & Co. upped their price target on shares of Alaska Air Group from $85.00 to $89.
00 and gave the company an “overweight” rating in a report on Monday, March 3rd. Bank of America cut their target price on shares of Alaska Air Group from $80.00 to $70.
00 and set a “buy” rating for the company in a research note on Thursday, April 3rd. The Goldman Sachs Group lifted their price target on shares of Alaska Air Group from $70.00 to $79.
00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. TD Cowen raised their price objective on Alaska Air Group from $85.00 to $110.
00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Finally, Morgan Stanley lifted their target price on Alaska Air Group from $70.00 to $90.
00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.
com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $71.54. Check Out Our Latest Report on Alaska Air Group Insider Transactions at Alaska Air Group In related news, CFO Shane R.
Tackett sold 22,893 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $75.74, for a total value of $1,733,915.
82. Following the completion of the sale, the chief financial officer now owns 31,873 shares of the company’s stock, valued at approximately $2,414,061.02.
The trade was a 41.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link .
Also, EVP Andrew R. Harrison sold 6,600 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $76.
28, for a total value of $503,448.00. Following the completion of the transaction, the executive vice president now owns 34,030 shares in the company, valued at $2,595,808.
40. This represents a 16.24 % decrease in their position.
The disclosure for this sale can be found here . Over the last ninety days, insiders have sold 154,725 shares of company stock valued at $11,217,263. 0.
68% of the stock is owned by insiders. Alaska Air Group Profile ( Free Report ) 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. Further Reading Want to see what other hedge funds are holding ALK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alaska Air Group, Inc.
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