Alaska Air Group, Inc. (NYSE:ALK) has seen an increase in its stake by Becker Capital Management Inc. The firm now owns 468,185 shares of ALK stock, worth $17,360,000. This comes after other institutional investors and hedge funds have also made changes to their positions in ALK. In other news, EVP Andrew R. Harrison sold 6,500 shares of ALK stock on February 28th at an average price of $38.36, totaling $249,340.00. Currently, Alaska Air Group's stock is trading at $37.11. [3c38a413]
Albemarle Corporation (ALB) stock plunges 9% after announcing a plan to offer $1.75 billion of depositary shares. The company expects to grant the underwriters an option to purchase up to an additional $262.5 million of depositary shares. The proceeds will be used for general corporate purposes, including funding growth capital expenditures and repaying outstanding debt. Shares fell 6.7% in Monday's regular trading after six straight winning sessions. [36311574]
AMI Asset Management Corp has acquired 9,107 shares of e.l.f. Beauty, Inc. (NYSE:ELF) valued at approximately $1,315,000. Other institutional investors have also added or reduced their stakes in ELF. The stock is currently rated as a "Moderate Buy" with an average price target of $186.58. e.l.f. Beauty, Inc. offers cosmetic and skincare products under various brand names and sells them through national and international retailers and direct-to-consumer channels. The company reported earnings per share of $0.58 for the last quarter, beating analysts' estimates. Insiders have sold a total of 61,922 shares of company stock worth $10,145,374 over the last quarter. [5cae103c]
e.l.f. Beauty announced that e.l.f. Cosmetics will be the first brand featured in a TikTok Shop Super Brand Day, running until April 3. The highlight of Super Brand Day will be the debut of Power Grip Dewy Setting Spray. e.l.f. Beauty was an early adopter in embracing TikTok Shop as a retail partner and has thrived on the platform by creatively engaging with its community. During its last earnings call, e.l.f. Beauty executives noted that the company was amongst the fastest-growing beauty brands on Amazon and the first major beauty brand to launch on TikTok Shop. Shares of e.l.f. Beauty are up 36% year-to-date. [e1518847]