Caxton Associates LP Purchases New Position in Alaska Air Group, Inc. (NYSE:ALK)

Caxton Associates LP purchased a new position in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 51,038 shares of the transportation company's stock, valued at approximately $3,305,000.

Several other institutional investors have also modified their holdings of ALK. Avior Wealth Management LLC boosted its position in Alaska Air Group by 44.8% during the 4th quarter. Avior Wealth Management LLC now owns 588 shares of the transportation company's stock valued at $38,000 after purchasing an additional 182 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Alaska Air Group during the fourth quarter worth $52,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Alaska Air Group during the third quarter valued at approximately $59,000. EverSource Wealth Advisors LLC boosted its position in shares of Alaska Air Group by 61.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 955 shares of the transportation company's stock worth $62,000 after buying an additional 364 shares during the period. Finally, Millstone Evans Group LLC purchased a new position in Alaska Air Group during the 4th quarter valued at about $76,000. Institutional investors and hedge funds own 81.90% of the company's stock.

Alaska Air Group Stock Performance

ALK traded up $0.09 during trading hours on Wednesday, hitting $50.03. The stock had a trading volume of 3,206,219 shares, compared to its average volume of 2,712,025. The company's fifty day simple moving average is $49.91 and its 200 day simple moving average is $57.93. Alaska Air Group, Inc. has a 1 year low of $32.62 and a 1 year high of $78.08. The company has a quick ratio of 0.58, a current ratio of 0.61 and a debt-to-equity ratio of 1.04. The stock has a market cap of $6.14 billion, a PE ratio of 16.40, a price-to-earnings-growth ratio of 0.43 and a beta of 1.41.

Alaska Air Group (NYSE:ALK - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The transportation company reported ($0.77) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.72) by ($0.05). The business had revenue of $3.14 billion during the quarter, compared to analysts' expectations of $3.19 billion. Alaska Air Group had a return on equity of 14.66% and a net margin of 3.37%. The company's quarterly revenue was up 40.5% on a year-over-year basis. During the same quarter last year, the business posted ($0.92) EPS. Equities analysts anticipate that Alaska Air Group, Inc. will post 6.03 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on ALK shares. Susquehanna reduced their target price on Alaska Air Group from $95.00 to $55.00 and set a "positive" rating for the company in a report on Monday, April 7th. Bank of America lowered their target price on shares of Alaska Air Group from $80.00 to $70.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. TD Cowen increased their target price on Alaska Air Group from $54.00 to $62.00 and gave the stock a "buy" rating in a report on Friday, April 25th. UBS Group lowered Alaska Air Group from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $75.00 to $54.00 in a research report on Monday, April 7th. Finally, Citigroup lowered their price target on shares of Alaska Air Group from $83.00 to $81.00 and set a "buy" rating for the company in a research report on Tuesday, March 18th. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $65.92.

Insider Buying and Selling at Alaska Air Group

In other Alaska Air Group news, CFO Shane R. Tackett sold 22,893 shares of Alaska Air Group stock in a transaction on Monday, February 10th. The stock was sold at an average price of $75.74, for a total value of $1,733,915.82. Following the completion of the sale, the chief financial officer now owns 31,873 shares of the company's stock, valued at approximately $2,414,061.02. This trade represents a 41.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Andrew R. Harrison sold 6,600 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $76.28, for a total transaction of $503,448.00. Following the transaction, the executive vice president now owns 34,030 shares in the company, valued at approximately $2,595,808.40. This trade represents a 16.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 51,650 shares of company stock valued at $3,901,798 in the last 90 days. Insiders own 1.00% of the company's stock.

About Alaska Air Group

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.