Swiss National Bank Sells 2,200 Shares of Alaska Air Group, Inc. (NYSE:ALK)

Swiss National Bank decreased its stake in shares of Alaska Air Group, Inc. (NYSE:ALK) by 3.1% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 68,500 shares of the transportation company’s stock after selling 2,200 shares during the quarter. Swiss National Bank’s holdings in Alaska Air Group were worth $4,131,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. Victory Capital Management Inc. increased its holdings in shares of Alaska Air Group by 7.5% during the 2nd quarter. Victory Capital Management Inc. now owns 5,541,653 shares of the transportation company’s stock worth $334,217,000 after purchasing an additional 386,920 shares during the period. Boston Partners increased its holdings in shares of Alaska Air Group by 8.3% during the 1st quarter. Boston Partners now owns 2,880,906 shares of the transportation company’s stock worth $199,388,000 after purchasing an additional 221,416 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Alaska Air Group by 633.5% during the 1st quarter. JPMorgan Chase & Co. now owns 1,452,057 shares of the transportation company’s stock worth $100,496,000 after purchasing an additional 1,254,099 shares during the period. Artisan Partners Limited Partnership bought a new position in shares of Alaska Air Group during the 1st quarter worth about $83,096,000. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Alaska Air Group by 4.4% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,179,683 shares of the transportation company’s stock worth $81,646,000 after purchasing an additional 49,899 shares during the period. Institutional investors own 75.03% of the company’s stock.

NYSE:ALK opened at $56.96 on Tuesday. The firm has a market cap of $7.13 billion, a PE ratio of -11.72 and a beta of 1.76. Alaska Air Group, Inc. has a 12 month low of $34.83 and a 12 month high of $74.25. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.70. The company’s 50-day moving average price is $57.08 and its two-hundred day moving average price is $63.52.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings results on Wednesday, July 21st. The transportation company reported ($0.30) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.44) by $0.14. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.52 billion. Alaska Air Group had a negative net margin of 15.52% and a negative return on equity of 37.62%. The company’s revenue for the quarter was up 262.7% compared to the same quarter last year. During the same period in the previous year, the business earned ($3.54) earnings per share. On average, research analysts expect that Alaska Air Group, Inc. will post -1.43 EPS for the current fiscal year.

Several research firms have recently issued reports on ALK. Morgan Stanley dropped their price objective on shares of Alaska Air Group from $89.00 to $82.00 and set an “overweight” rating on the stock in a report on Tuesday, September 14th. Raymond James lowered their target price on shares of Alaska Air Group from $85.00 to $78.00 and set a “strong-buy” rating on the stock in a research note on Tuesday, July 20th. Wolfe Research raised shares of Alaska Air Group from a “peer perform” rating to an “outperform” rating in a research note on Friday, June 18th. Finally, MKM Partners assumed coverage on shares of Alaska Air Group in a research note on Thursday, June 10th. They issued a “buy” rating and a $81.00 target price on the stock. One investment analyst has rated the stock with a sell rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $77.70.

In other news, Chairman Bradley D. Tilden sold 4,875 shares of the company’s stock in a transaction that occurred on Wednesday, September 1st. The shares were sold at an average price of $57.08, for a total transaction of $278,265.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold 14,665 shares of company stock worth $862,324 over the last quarter. 0.73% of the stock is owned by company insiders.

About Alaska Air Group

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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