Amalgamated Bank Has $1.79 Million Position in Alaska Air Group, Inc. (NYSE:ALK)

Amalgamated Bank trimmed its holdings in shares of Alaska Air Group, Inc. (NYSE:ALK) by 30.0% in the third quarter, according to its most recent filing with the SEC. The firm 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 filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ALK. Altshuler Shaham Ltd acquired a new position in Alaska Air Group in the second quarter worth about $28,000. Pacifica Partners Inc. raised its holdings in shares of Alaska Air Group by 952.4% in the 3rd 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 in the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Alaska Air Group during the 2nd quarter worth approximately $69,000. Halpern Financial Inc. acquired a new stake in Alaska Air Group in the 2nd quarter valued at $81,000. Finally, GAMMA Investing LLC grew its position in Alaska Air Group by 31.7% in the second quarter. GAMMA Investing LLC now owns 2,602 shares of the transportation company’s stock valued at $105,000 after acquiring an additional 626 shares during the period. 81.90% of the stock is owned by institutional investors.

Alaska Air Group Stock Down 0.8 %

NYSE ALK opened at $51.45 on Wednesday. The stock has a market capitalization of $6.49 billion, a P/E ratio of 20.75, a price-to-earnings-growth ratio of 1.15 and a beta of 1.59. Alaska Air Group, Inc. has a 52 week low of $32.00 and a 52 week high of $52.19. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.57 and a current ratio of 0.60. The stock has a fifty day moving average of $44.24 and a 200-day moving average of $41.12.

Alaska Air Group (NYSE:ALK) last announced 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. The firm had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3 billion. Alaska Air Group had a return on equity of 12.81% and a net margin of 2.99%. The company’s revenue was up 8.2% on a year-over-year basis. During the same period last year, the company earned $1.83 earnings per share. On average, equities research analysts forecast that Alaska Air Group, Inc. will post 4.26 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Melius raised Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a report on Monday, October 28th. Morgan Stanley reduced their price target on shares of Alaska Air Group from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Monday, July 22nd. Citigroup dropped their price objective on shares of Alaska Air Group from $51.00 to $48.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Evercore ISI cut their target price 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. Finally, Bank of America increased their price target on Alaska Air Group from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.