American Century Companies Inc. Sells 648,955 Shares of Alaska Air Group, Inc. (NYSE:ALK)

American Century Companies Inc. lessened its stake in Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 17.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,176,981 shares of the transportation company's stock after selling 648,955 shares during the quarter. American Century Companies Inc. owned approximately 2.50% of Alaska Air Group worth $205,710,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Boston Partners raised its position in shares of Alaska Air Group by 6.9% in the 4th quarter. Boston Partners now owns 3,460,959 shares of the transportation company's stock valued at $224,121,000 after buying an additional 222,780 shares in the last quarter. Geode Capital Management LLC boosted its position in Alaska Air Group by 3.9% during the third quarter. Geode Capital Management LLC now owns 2,061,596 shares of the transportation company's stock valued at $93,229,000 after acquiring an additional 78,186 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Alaska Air Group by 0.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,593,756 shares of the transportation company's stock worth $72,054,000 after buying an additional 6,977 shares during the period. Charles Schwab Investment Management Inc. increased its position in Alaska Air Group by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,432,052 shares of the transportation company's stock valued at $92,725,000 after buying an additional 9,805 shares in the last quarter. Finally, Hennessy Advisors Inc. acquired a new stake in Alaska Air Group in the 4th quarter valued at $82,459,000. 81.90% of the stock is owned by institutional investors and hedge funds.

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Alaska Air Group Stock Performance

Shares of Alaska Air Group stock traded down $1.23 on Thursday, hitting $52.58. 2,121,498 shares of the company's stock were exchanged, compared to its average volume of 2,451,604. The company has a 50-day simple moving average of $66.69 and a 200-day simple moving average of $57.39. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.58 and a current ratio of 0.61. Alaska Air Group, Inc. has a 1 year low of $32.62 and a 1 year high of $78.08. The stock has a market capitalization of $6.45 billion, a PE ratio of 17.24, a PEG ratio of 0.43 and a beta of 1.50.

Alaska Air Group (NYSE:ALK - Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The transportation company reported $0.97 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.52. Alaska Air Group had a net margin of 3.37% and a return on equity of 14.66%. As a group, equities analysts anticipate that Alaska Air Group, Inc. will post 6.03 EPS for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Citigroup cut their price objective on Alaska Air Group from $83.00 to $81.00 and set a "buy" rating on the stock in a research report on Tuesday, March 18th. UBS Group cut their target price on shares of Alaska Air Group from $87.00 to $75.00 and set a "buy" rating for the company in a research report on Thursday, March 20th. TD Cowen increased their target price on Alaska Air Group from $85.00 to $110.00 and gave the company a "buy" rating in a report on Friday, January 24th. The Goldman Sachs Group lifted their price target on shares of Alaska Air Group from $70.00 to $79.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Alaska Air Group from $85.00 to $89.00 and gave the stock an "overweight" rating in a report on Monday, March 3rd. One equities research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $77.00.

Insider Buying and Selling at Alaska Air Group

In other news, SVP Andrea L. Schneider sold 1,830 shares of the business's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $73.32, for a total transaction of $134,175.60. Following the transaction, the senior vice president now owns 20,286 shares of the company's stock, valued at approximately $1,487,369.52. The trade was a 8.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Andrew R. Harrison sold 6,600 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $76.28, for a total value of $503,448.00. Following the completion of the sale, the executive vice president now owns 34,030 shares of the company's stock, valued at approximately $2,595,808.40. This represents a 16.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 154,725 shares of company stock worth $11,217,263. 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.