Alaska Air Group, Inc. (ALK) Holdings Reduced by California State Teachers Retirement System

California State Teachers Retirement System reduced its position in Alaska Air Group, Inc. (NYSE:ALK) by 8.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 197,701 shares of the transportation company’s stock after selling 18,264 shares during the period. California State Teachers Retirement System owned about 0.16% of Alaska Air Group worth $15,079,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Pinebridge Investments L.P. grew its stake in shares of Alaska Air Group by 124.5% during the 3rd quarter. Pinebridge Investments L.P. now owns 3,825 shares of the transportation company’s stock valued at $292,000 after buying an additional 2,121 shares during the period. OxFORD Asset Management LLP grew its stake in shares of Alaska Air Group by 49.9% during the 3rd quarter. OxFORD Asset Management LLP now owns 15,312 shares of the transportation company’s stock valued at $1,167,000 after buying an additional 5,097 shares during the period. Commerzbank Aktiengesellschaft FI grew its stake in shares of Alaska Air Group by 200.7% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 16,836 shares of the transportation company’s stock valued at $1,284,000 after buying an additional 11,237 shares during the period. Shufro Rose & Co. LLC purchased a new stake in shares of Alaska Air Group during the 3rd quarter valued at $755,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of Alaska Air Group by 3.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,262,058 shares of the transportation company’s stock valued at $96,254,000 after buying an additional 38,870 shares during the period. 88.57% of the stock is owned by hedge funds and other institutional investors.

Shares of Alaska Air Group, Inc. (NYSE ALK) traded down $1.29 during mid-day trading on Friday, reaching $73.52. 2,945,200 shares of the company’s stock were exchanged, compared to its average volume of 1,730,000. Alaska Air Group, Inc. has a 52-week low of $61.10 and a 52-week high of $101.43. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.80 and a quick ratio of 0.78. The firm has a market cap of $9,050.00, a price-to-earnings ratio of 11.78 and a beta of 1.03.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings data on Wednesday, October 25th. The transportation company reported $2.24 EPS for the quarter, missing analysts’ consensus estimates of $2.26 by ($0.02). The firm had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.13 billion. Alaska Air Group had a return on equity of 28.74% and a net margin of 10.34%. The business’s quarterly revenue was up 35.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.20 EPS. research analysts predict that Alaska Air Group, Inc. will post 6.65 EPS for the current fiscal year.

In related news, CEO David L. Campbell sold 4,934 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $68.00, for a total transaction of $335,512.00. Following the completion of the sale, the chief executive officer now owns 9,648 shares of the company’s stock, valued at approximately $656,064. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Andrew R. Harrison sold 540 shares of the business’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $65.53, for a total transaction of $35,386.20. Following the sale, the executive vice president now directly owns 20,788 shares of the company’s stock, valued at approximately $1,362,237.64. The disclosure for this sale can be found here. Corporate insiders own 0.57% of the company’s stock.

ALK has been the subject of several research reports. Imperial Capital lowered their price objective on shares of Alaska Air Group from $85.00 to $70.00 and set a “line” rating for the company in a research note on Thursday, October 26th. UBS Group raised shares of Alaska Air Group from an “outperform” rating to a “strong-buy” rating in a research note on Wednesday, November 15th. Bank of America reduced their target price on shares of Alaska Air Group from $100.00 to $96.00 and set a “buy” rating on the stock in a report on Friday, October 13th. ValuEngine upgraded shares of Alaska Air Group from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, Zacks Investment Research upgraded shares of Alaska Air Group from a “sell” rating to a “hold” rating in a report on Tuesday, December 26th. One analyst has rated the stock with a sell rating, four have given a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the stock. Alaska Air Group presently has a consensus rating of “Buy” and an average target price of $88.89.

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Alaska Air Group Profile

Alaska Air Group, Inc is the holding company of Alaska Airlines (Alaska), Virgin America Inc, Horizon Air (Horizon) and other business units. The Company operates through three segments: Mainline, Regional and Horizon. Its Mainline segment includes Alaska’s and Virgin America’s scheduled air transportation for passengers and cargo throughout the United States, and in parts of Canada, Mexico, Costa Rica and Cuba.

Institutional Ownership by Quarter for Alaska Air Group (NYSE:ALK)

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