Metropolitan Life Insurance Co NY Sells 486 Shares of Alaska Air Group, Inc. (NYSE:ALK)

Metropolitan Life Insurance Co NY lowered its holdings in Alaska Air Group, Inc. (NYSE:ALK) by 2.7% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 17,348 shares of the transportation company’s stock after selling 486 shares during the quarter. Metropolitan Life Insurance Co NY’s holdings in Alaska Air Group were worth $973,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Nordea Investment Management AB grew its stake in shares of Alaska Air Group by 8.8% in the 1st quarter. Nordea Investment Management AB now owns 73,775 shares of the transportation company’s stock valued at $4,141,000 after purchasing an additional 5,946 shares during the last quarter. Advisory Services Network LLC grew its stake in shares of Alaska Air Group by 29.4% in the 1st quarter. Advisory Services Network LLC now owns 7,515 shares of the transportation company’s stock valued at $422,000 after purchasing an additional 1,706 shares during the last quarter. ZWJ Investment Counsel Inc. grew its stake in shares of Alaska Air Group by 6.6% in the 1st quarter. ZWJ Investment Counsel Inc. now owns 167,469 shares of the transportation company’s stock valued at $9,398,000 after purchasing an additional 10,414 shares during the last quarter. Hi Line Capital Management LLC grew its stake in shares of Alaska Air Group by 1.5% in the 1st quarter. Hi Line Capital Management LLC now owns 90,159 shares of the transportation company’s stock valued at $5,060,000 after purchasing an additional 1,306 shares during the last quarter. Finally, Marshall Wace North America L.P. purchased a new position in shares of Alaska Air Group in the 1st quarter valued at approximately $86,000. Institutional investors and hedge funds own 88.47% of the company’s stock.

Several analysts have recently commented on the company. Credit Suisse Group reissued a “hold” rating on shares of Imperial Oil in a report on Friday, April 12th. Zacks Investment Research cut Guaranty Federal Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, April 23rd. Morgan Stanley raised their price target on United Technologies from $155.00 to $164.00 and gave the company an “overweight” rating in a report on Monday, May 20th. Imperial Capital reissued an “in-line” rating and issued a $68.00 price target (up from $61.00) on shares of Alaska Air Group in a report on Wednesday, June 19th. Finally, Bank of America set a $152.00 price target on Caterpillar and gave the company a “buy” rating in a report on Thursday, April 4th. Eight equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $76.00.

In related news, VP Kyle B. Levine sold 2,430 shares of the business’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $65.00, for a total value of $157,950.00. Following the transaction, the vice president now owns 8,039 shares in the company, valued at $522,535. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Andrew R. Harrison sold 1,600 shares of the business’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $61.53, for a total value of $98,448.00. Following the completion of the transaction, the executive vice president now owns 20,567 shares in the company, valued at approximately $1,265,487.51. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,730 shares of company stock worth $550,759. Insiders own 0.43% of the company’s stock.

ALK stock traded up $0.58 during trading on Thursday, reaching $64.36. 961,700 shares of the stock traded hands, compared to its average volume of 1,416,840. The firm’s 50 day simple moving average is $62.31. Alaska Air Group, Inc. has a 52-week low of $53.39 and a 52-week high of $74.83. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 0.44. The firm has a market cap of $7.88 billion, a price-to-earnings ratio of 14.43, a PEG ratio of 0.45 and a beta of 0.88.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings data on Thursday, April 25th. The transportation company reported $0.17 EPS for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.04. Alaska Air Group had a return on equity of 14.97% and a net margin of 5.26%. The company had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter in the previous year, the firm posted $0.14 earnings per share. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. Equities research analysts anticipate that Alaska Air Group, Inc. will post 6.06 EPS for the current year.

Alaska Air Group Profile

Alaska Air Group, Inc, through its subsidiaries, provides passenger and cargo air transportation services. The company operates through three segments: Mainline, Regional, and Horizon. It has a network of approximately 1,200 daily flights to 115 destinations across the United States, Mexico, Canada, and Costa Rica.

Featured Article: How to calculate the annual rate of depreciation

Institutional Ownership by Quarter for Alaska Air Group (NYSE:ALK)

Receive News & Ratings for Alaska Air Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alaska Air Group and related companies with MarketBeat.com's FREE daily email newsletter.