Mutual of America Capital Management LLC Sells 1,882 Shares of Alaska Air Group, Inc. (NYSE:ALK)

Mutual of America Capital Management LLC reduced its stake in Alaska Air Group, Inc. (NYSE:ALK) by 9.0% during the third quarter, according to its most recent filing with the SEC. The fund owned 18,975 shares of the transportation company’s stock after selling 1,882 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Alaska Air Group were worth $858,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. O Shaughnessy Asset Management LLC bought a new stake in Alaska Air Group during the 1st quarter worth approximately $280,000. Price T Rowe Associates Inc. MD grew its position in shares of Alaska Air Group by 5.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 69,382 shares of the transportation company’s stock valued at $2,983,000 after purchasing an additional 3,652 shares in the last quarter. Comerica Bank grew its position in shares of Alaska Air Group by 88.0% during the 1st quarter. Comerica Bank now owns 174,178 shares of the transportation company’s stock valued at $7,488,000 after purchasing an additional 81,533 shares in the last quarter. EMC Capital Management increased its holdings in shares of Alaska Air Group by 322.5% in the first quarter. EMC Capital Management now owns 7,182 shares of the transportation company’s stock worth $309,000 after purchasing an additional 5,482 shares during the period. Finally, Cetera Investment Advisers raised its position in shares of Alaska Air Group by 211.7% in the first quarter. Cetera Investment Advisers now owns 47,770 shares of the transportation company’s stock worth $2,054,000 after buying an additional 32,442 shares in the last quarter. Institutional investors own 81.90% of the company’s stock.

Alaska Air Group Stock Down 1.0 %

NYSE:ALK opened at $52.93 on Wednesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.60 and a quick ratio of 0.57. The company’s fifty day moving average price is $46.68 and its 200-day moving average price is $41.74. Alaska Air Group, Inc. has a 1-year low of $32.00 and a 1-year high of $54.14. The firm has a market capitalization of $6.72 billion, a P/E ratio of 21.34, a PEG ratio of 1.19 and a beta of 1.59.

Alaska Air Group (NYSE:ALK) last posted its earnings results on Thursday, October 31st. The transportation company reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.03. The firm had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $3 billion. Alaska Air Group had a return on equity of 12.81% and a net margin of 2.99%. The company’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period last year, the firm earned $1.83 EPS. As a group, equities research analysts anticipate that Alaska Air Group, Inc. will post 4.26 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on ALK shares. Melius raised shares of Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a research note on Monday, October 28th. The Goldman Sachs Group reiterated a “buy” rating and issued a $70.00 target price on shares of Alaska Air Group in a research report on Friday, November 15th. UBS Group reissued a “buy” rating and issued a $72.00 target price on shares of Alaska Air Group in a research note on Tuesday. Evercore ISI dropped their price target on 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. Finally, Susquehanna increased their price objective on Alaska Air Group from $40.00 to $45.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $58.69.

Alaska Air Group 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.