Amalgamated Bank Sells 16,942 Shares of Alaska Air Group, Inc. (NYSE:ALK)

Amalgamated Bank lessened its holdings in Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 30.0% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 39,482 shares of the transportation company's stock after selling 16,942 shares during the period. Amalgamated Bank's holdings in Alaska Air Group were worth $1,785,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Altshuler Shaham Ltd purchased a new position in shares of Alaska Air Group in the 2nd quarter worth $28,000. Pacifica Partners Inc. boosted its stake in Alaska Air Group by 952.4% during the third quarter. Pacifica Partners Inc. now owns 1,105 shares of the transportation company's stock worth $50,000 after buying an additional 1,000 shares during the period. Canada Pension Plan Investment Board bought a new position in Alaska Air Group during the second quarter valued at $69,000. Halpern Financial Inc. purchased a new stake in shares of Alaska Air Group in the second quarter valued at $81,000. Finally, GAMMA Investing LLC grew its holdings in Alaska Air Group by 31.7% during the 2nd quarter. GAMMA Investing LLC now owns 2,602 shares of the transportation company's stock valued at $105,000 after purchasing an additional 626 shares during the last quarter. 81.90% of the stock is owned by institutional investors.

Alaska Air Group Stock Up 0.4 %

Shares of ALK traded up $0.23 during mid-day trading on Wednesday, hitting $51.68. The company's stock had a trading volume of 2,407,791 shares, compared to its average volume of 2,271,367. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 0.93. The company's 50-day moving average is $44.55 and its 200-day moving average is $41.20. Alaska Air Group, Inc. has a 52-week low of $32.00 and a 52-week high of $52.70. The firm has a market capitalization of $6.56 billion, a price-to-earnings ratio of 20.84, a PEG ratio of 1.16 and a beta of 1.59.

Alaska Air Group (NYSE:ALK - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The transportation company reported $2.25 EPS for the quarter, topping analysts' consensus estimates of $2.22 by $0.03. Alaska Air Group had a net margin of 2.99% and a return on equity of 12.81%. The company had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3 billion. During the same quarter in the previous year, the firm posted $1.83 earnings per share. Alaska Air Group's revenue for the quarter was up 8.2% compared to the same quarter last year. On average, equities research analysts forecast that Alaska Air Group, Inc. will post 4.26 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ALK has been the subject of several analyst reports. Evercore ISI decreased their price objective on shares of Alaska Air Group from $60.00 to $55.00 and set an "outperform" rating for the company in a research note on Thursday, October 3rd. Barclays assumed coverage on Alaska Air Group in a research note on Monday, October 21st. They set an "overweight" rating and a $55.00 price target for the company. Susquehanna lifted their target price on Alaska Air Group from $40.00 to $45.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 9th. Melius Research upgraded shares of Alaska Air Group from a "hold" rating to a "buy" rating and set a $56.00 price target on the stock in a report on Monday, October 28th. Finally, TD Cowen reduced their price target on shares of Alaska Air Group from $52.00 to $50.00 and set a "buy" rating on the stock in a research note on Thursday, October 3rd. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $54.17.

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.