State Street Corp Has $179.26 Million Stock Holdings in Alaska Air Group, Inc. (NYSE:ALK)

State Street Corp cut its stake in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 0.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,965,001 shares of the transportation company's stock after selling 10,631 shares during the period. State Street Corp owned approximately 3.12% of Alaska Air Group worth $179,258,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Quadrature Capital Ltd bought a new position in Alaska Air Group during the third quarter worth about $319,000. Quantinno Capital Management LP boosted its stake in Alaska Air Group by 67.5% during the 3rd quarter. Quantinno Capital Management LP now owns 81,324 shares of the transportation company's stock worth $3,677,000 after acquiring an additional 32,766 shares during the last quarter. Quarry LP boosted its stake in Alaska Air Group by 259.3% during the 3rd quarter. Quarry LP now owns 1,175 shares of the transportation company's stock worth $53,000 after acquiring an additional 848 shares during the last quarter. Point72 DIFC Ltd acquired a new position in Alaska Air Group during the third quarter valued at approximately $532,000. Finally, Integrated Wealth Concepts LLC increased its stake in Alaska Air Group by 66.5% in the third quarter. Integrated Wealth Concepts LLC now owns 11,392 shares of the transportation company's stock valued at $515,000 after purchasing an additional 4,550 shares in the last quarter. 81.90% of the stock is owned by institutional investors and hedge funds.

Alaska Air Group Stock Down 1.3 %

Alaska Air Group stock traded down $0.83 during mid-day trading on Friday, reaching $62.59. The company's stock had a trading volume of 3,723,888 shares, compared to its average volume of 2,291,301. The business's 50 day simple moving average is $50.51 and its 200 day simple moving average is $43.01. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.57 and a current ratio of 0.60. Alaska Air Group, Inc. has a 12 month low of $32.62 and a 12 month high of $65.62. The company has a market capitalization of $7.95 billion, a price-to-earnings ratio of 25.24, a price-to-earnings-growth ratio of 1.24 and a beta of 1.60.

Alaska Air Group (NYSE:ALK - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The transportation company reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.03. Alaska Air Group had a return on equity of 12.81% and a net margin of 2.99%. The company had revenue of $3.07 billion during the quarter, compared to analysts' expectations of $3 billion. During the same quarter last year, the company earned $1.83 EPS. Alaska Air Group's revenue for the quarter was up 8.2% compared to the same quarter last year. As a group, research analysts anticipate that Alaska Air Group, Inc. will post 4.3 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on ALK shares. Citigroup reduced their price target on shares of Alaska Air Group from $51.00 to $48.00 and set a "buy" rating on the stock in a research report on Thursday, August 29th. Melius Research raised Alaska Air Group from a "hold" rating to a "buy" rating and set a $56.00 target price for the company in a research note on Monday, October 28th. UBS Group reaffirmed a "buy" rating and set a $72.00 price target on shares of Alaska Air Group in a research report on Tuesday, November 26th. Evercore ISI decreased their price objective on Alaska Air Group from $60.00 to $55.00 and set an "outperform" rating for the company in a research report on Thursday, October 3rd. Finally, TD Cowen increased their target price on Alaska Air Group from $68.00 to $78.00 and gave the stock a "buy" rating in a research note on Wednesday. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $64.00.

Insiders Place Their Bets

In other Alaska Air Group news, COO Muehlen Constance E. Von sold 4,000 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $63.09, for a total value of $252,360.00. Following the completion of the sale, the chief operating officer now owns 12,162 shares in the company, valued at $767,300.58. This trade represents a 24.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Andrea L. Schneider sold 3,700 shares of the business's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $63.50, for a total transaction of $234,950.00. Following the transaction, the senior vice president now owns 21,086 shares in the company, valued at $1,338,961. This represents a 14.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,580 shares of company stock valued at $1,693,569 in the last 90 days. 0.68% of the stock is currently owned by insiders.

About Alaska Air Group

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.