Diamond Hill Capital Management Inc. Has $41.74 Million Holdings in Alaska Air Group, Inc. (NYSE:ALK)

Diamond Hill Capital Management Inc. decreased its position in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 15.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 644,701 shares of the transportation company's stock after selling 113,946 shares during the period. Diamond Hill Capital Management Inc. owned about 0.51% of Alaska Air Group worth $41,744,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund increased its stake in Alaska Air Group by 0.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 29,816 shares of the transportation company's stock worth $1,931,000 after buying an additional 160 shares in the last quarter. Avior Wealth Management LLC raised its stake in shares of Alaska Air Group by 44.8% during the fourth quarter. Avior Wealth Management LLC now owns 588 shares of the transportation company's stock valued at $38,000 after acquiring an additional 182 shares in the last quarter. Savant Capital LLC raised its stake in Alaska Air Group by 3.4% in the fourth quarter. Savant Capital LLC now owns 6,284 shares of the transportation company's stock worth $407,000 after buying an additional 206 shares in the last quarter. Mutual of America Capital Management LLC raised its stake in Alaska Air Group by 1.3% in the fourth quarter. Mutual of America Capital Management LLC now owns 19,229 shares of the transportation company's stock worth $1,245,000 after buying an additional 254 shares in the last quarter. Finally, Plan Group Financial LLC grew its holdings in Alaska Air Group by 3.3% in the fourth quarter. Plan Group Financial LLC now owns 8,136 shares of the transportation company's stock worth $527,000 after purchasing an additional 257 shares during the last quarter. Hedge funds and other institutional investors own 81.90% of the company's stock.

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Alaska Air Group Stock Down 5.2 %

Shares of NYSE ALK traded down $2.88 during mid-day trading on Tuesday, reaching $52.27. 3,678,718 shares of the company traded hands, compared to its average volume of 2,363,883. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.58 and a current ratio of 0.61. The stock has a market cap of $6.43 billion, a PE ratio of 17.14, a price-to-earnings-growth ratio of 0.43 and a beta of 1.50. The company's fifty day moving average is $68.54 and its two-hundred day moving average is $56.71. Alaska Air Group, Inc. has a fifty-two week low of $32.62 and a fifty-two week high of $78.08.

Alaska Air Group (NYSE:ALK - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The transportation company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.52. Alaska Air Group had a return on equity of 14.66% and a net margin of 3.37%. On average, analysts expect that Alaska Air Group, Inc. will post 6.03 earnings per share for the current year.

Analyst Ratings Changes

ALK has been the subject of a number of research reports. JPMorgan Chase & Co. boosted their target price on shares of Alaska Air Group from $85.00 to $89.00 and gave the company an "overweight" rating in a research report on Monday, March 3rd. The Goldman Sachs Group increased their price target on shares of Alaska Air Group from $70.00 to $79.00 and gave the company a "buy" rating in a research note on Tuesday, January 14th. Bank of America increased their target price on shares of Alaska Air Group from $70.00 to $80.00 and gave the stock a "buy" rating in a report on Friday, January 17th. TD Cowen raised their price objective on shares of Alaska Air Group from $85.00 to $110.00 and gave the company a "buy" rating in a report on Friday, January 24th. Finally, Susquehanna raised shares of Alaska Air Group from a "neutral" rating to a "positive" rating and set a $95.00 target price on the stock in a research report on Tuesday, January 7th. One analyst has rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $77.54.

Insider Transactions at Alaska Air Group

In other news, EVP Andrew R. Harrison sold 6,600 shares of the business's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $76.28, for a total value of $503,448.00. Following the sale, the executive vice president now directly owns 34,030 shares in the company, valued at $2,595,808.40. The trade was a 16.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Andrea L. Schneider sold 800 shares of Alaska Air Group stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $63.89, for a total value of $51,112.00. Following the completion of the sale, the senior vice president now directly owns 20,286 shares in the company, valued at approximately $1,296,072.54. This represents a 3.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 159,179 shares of company stock worth $11,503,659 in the last three months. Insiders own 0.68% of the company's stock.

Alaska Air Group Company Profile

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.