1 week Ago By Defense World Staff
Corebridge Financial Inc. trimmed its position in shares of Alaska Air Group, Inc. (NYSE:ALK – Free Report) by 9.
2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,347 shares of the transportation company’s stock after selling 544 shares during the quarter. Corebridge Financial Inc.
’s holdings in Alaska Air Group were worth $346,000 as of its most recent filing with the Securities & Exchange Commission. A number of other hedge funds have also bought and sold shares of the company. Vanguard Group Inc.
raised its position in Alaska Air Group by 0.4% in the 4th quarter. Vanguard Group Inc.
now owns 13,651,876 shares of the transportation company’s stock worth $883,959,000 after purchasing an additional 56,409 shares during the period. Boston Partners raised its holdings in shares of Alaska Air Group by 6.9% in the fourth quarter.
Boston Partners now owns 3,460,959 shares of the transportation company’s stock worth $224,121,000 after buying an additional 222,780 shares during the period. Geode Capital Management LLC lifted its stake in shares of Alaska Air Group by 3.9% during the 3rd quarter.
Geode Capital Management LLC now owns 2,061,596 shares of the transportation company’s stock worth $93,229,000 after acquiring an additional 78,186 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Alaska Air Group by 0.
7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,432,052 shares of the transportation company’s stock valued at $92,725,000 after acquiring an additional 9,805 shares during the period.
Finally, Hennessy Advisors Inc. bought a new position in Alaska Air Group in the 4th quarter valued at $82,459,000. Institutional investors own 81.
90% of the company’s stock. Insider Buying and Selling at Alaska Air GroupIn other Alaska Air Group news, EVP Andrew R. Harrison sold 6,600 shares of the firm’s stock in a transaction on Thursday, February 20th.
The shares were 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 of the company’s stock, valued at approximately $2,595,808.40. This trade represents a 16.
24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Shane R.
Tackett sold 22,893 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $75.74, for a total transaction of $1,733,915.
82. Following the sale, the chief financial officer now directly owns 31,873 shares in the company, valued at $2,414,061.02.
This trade represents a 41.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here.
Over the last ninety days, insiders sold 154,725 shares of company stock worth $11,217,263. 0.68% of the stock is owned by insiders.
Alaska Air Group Stock PerformanceALK stock opened at $44.35 on Friday. The firm has a 50-day simple moving average of $60.
75 and a two-hundred day simple moving average of $57.88. The company has a debt-to-equity ratio of 1.
04, a quick ratio of 0.58 and a current ratio of 0.61.
Alaska Air Group, Inc. has a one year low of $32.62 and a one year high of $78.
08. The firm has a market cap of $5.44 billion, a price-to-earnings ratio of 14.
54, a PEG ratio of 0.43 and a beta of 1.37.
Alaska Air Group (NYSE:ALK – Get Free Report) last posted its earnings results on Wednesday, January 22nd. The transportation company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.
45 by $0.52. Alaska Air Group had a net margin of 3.
37% and a return on equity of 14.66%. On average, equities analysts forecast that Alaska Air Group, Inc.
will post 6.03 EPS for the current fiscal year. Wall Street Analyst Weigh InALK has been the subject of a number of recent analyst reports.
Bank of America lowered 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.
JPMorgan Chase & Co. upped their target price on shares of Alaska Air Group from $85.00 to $89.
00 and gave the stock an “overweight” rating in a research note on Monday, March 3rd. UBS Group downgraded shares of Alaska Air Group from a “buy” rating to a “neutral” rating and decreased their price target for the company from $75.00 to $54.
00 in a research note on Monday. 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 report on Friday, January 24th. Finally, Barclays lowered their target price on Alaska Air Group from $80.00 to $62.
00 and set an “overweight” rating for the company in a report on Tuesday. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.
com, the company currently has an average rating of “Moderate Buy” and an average price target of $70.15.Read Our Latest Stock Analysis on ALKAlaska 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.Featured ArticlesFive stocks we like better than Alaska Air GroupTechnology Stocks Explained: Here’s What to Know About TechJoby Aviation: Operational Momentum vs.
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