Sei Investments Co. Has $2.83 Million Stake in Alaska Air Group, Inc. (NYSE:ALK)

Sei Investments Co. decreased its holdings in Alaska Air Group, Inc. (NYSE:ALK) by 72.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 43,640 shares of the transportation company’s stock after selling 113,705 shares during the period. Sei Investments Co.’s holdings in Alaska Air Group were worth $2,826,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Maryland State Retirement & Pension System boosted its position in Alaska Air Group by 0.3% during the 4th quarter. Maryland State Retirement & Pension System now owns 49,905 shares of the transportation company’s stock worth $3,231,000 after buying an additional 147 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in shares of Alaska Air Group by 0.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 29,816 shares of the transportation company’s stock worth $1,931,000 after buying an additional 160 shares in the last quarter. Avior Wealth Management LLC grew its holdings in Alaska Air Group by 44.8% in the fourth quarter. Avior Wealth Management LLC now owns 588 shares of the transportation company’s stock worth $38,000 after purchasing an additional 182 shares during the period. Savant Capital LLC grew its stake in shares of Alaska Air Group by 3.4% in the 4th quarter. Savant Capital LLC now owns 6,284 shares of the transportation company’s stock valued at $407,000 after buying an additional 206 shares during the period. Finally, Mutual of America Capital Management LLC grew its stake in Alaska Air Group by 1.3% in the fourth quarter. Mutual of America Capital Management LLC now owns 19,229 shares of the transportation company’s stock valued at $1,245,000 after acquiring an additional 254 shares during the period. Institutional investors own 81.90% of the company’s stock.

Insider Transactions at Alaska Air Group

In other news, EVP Andrew R. Harrison sold 91,745 shares of the stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $71.14, for a total value of $6,526,739.30. Following the transaction, the executive vice president now directly owns 20,638 shares of the company’s stock, valued at approximately $1,468,187.32. This represents a 81.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Shane R. Tackett sold 22,893 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $75.74, for a total transaction of $1,733,915.82. Following the transaction, the chief financial officer now directly owns 31,873 shares of the company’s stock, valued at $2,414,061.02. This represents a 41.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 154,725 shares of company stock valued at $11,217,263 in the last quarter. 0.92% of the stock is currently owned by corporate insiders.

Alaska Air Group Stock Performance

ALK stock opened at $44.39 on Friday. Alaska Air Group, Inc. has a twelve month low of $32.62 and a twelve month high of $78.08. The firm has a market cap of $5.45 billion, a price-to-earnings ratio of 14.55, a PEG ratio of 0.43 and a beta of 1.37. The business’s fifty day simple moving average is $64.04 and its two-hundred day simple moving average is $57.69. The company has a quick ratio of 0.58, a current ratio of 0.61 and a debt-to-equity ratio of 1.04.

Alaska Air Group (NYSE:ALK) last issued its earnings results on Wednesday, January 22nd. The transportation company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.52. Alaska Air Group had a net margin of 3.37% and a return on equity of 14.66%. Analysts predict that Alaska Air Group, Inc. will post 6.03 earnings per share for the current year.

Wall Street Analyst Weigh In

ALK has been the topic of several recent analyst reports. Bank of America dropped their price objective on Alaska Air Group from $80.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday. Susquehanna upgraded Alaska Air Group from a “neutral” rating to a “positive” rating and set a $95.00 price target for the company in a research note on Tuesday, January 7th. JPMorgan Chase & Co. boosted their target price on shares of Alaska Air Group from $85.00 to $89.00 and gave the company an “overweight” rating in a report on Monday, March 3rd. TD Cowen raised their price objective on shares of Alaska Air Group from $85.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Finally, Morgan Stanley boosted their target price on Alaska Air Group from $70.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. One analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $76.23.

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.