111 Capital Buys New Shares in Alaska Air Group, Inc. (NYSE:ALK)

111 Capital purchased a new stake in Alaska Air Group, Inc. (NYSE:ALK - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 12,525 shares of the transportation company's stock, valued at approximately $811,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Avior Wealth Management LLC raised 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 in the last quarter. Wood Tarver Financial Group LLC bought a new position in shares of Alaska Air Group during the 4th quarter worth $38,000. SBI Securities Co. Ltd. purchased a new position in shares of Alaska Air Group during the fourth quarter valued at $52,000. EverSource Wealth Advisors LLC raised its holdings 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 valued at $62,000 after acquiring an additional 364 shares in the last quarter. Finally, Millstone Evans Group LLC bought a new stake in shares of Alaska Air Group in the fourth quarter valued at about $76,000. Institutional investors own 81.90% of the company's stock.

Alaska Air Group Stock Down 1.2%

Shares of NYSE ALK traded down $0.60 during trading hours on Monday, hitting $50.33. 779,147 shares of the stock were exchanged, compared to its average volume of 3,417,267. Alaska Air Group, Inc. has a 12 month low of $32.62 and a 12 month high of $78.08. The firm has a fifty day moving average price of $48.32 and a 200-day moving average price of $58.49. 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 company has a market cap of $6.18 billion, a PE ratio of 16.47, a PEG ratio of 0.43 and a beta of 1.41.

Alaska Air Group (NYSE:ALK - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The transportation company reported ($0.77) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.72) by ($0.05). Alaska Air Group had a return on equity of 14.66% and a net margin of 3.37%. The firm had revenue of $3.14 billion during the quarter, compared to analysts' expectations of $3.19 billion. During the same period in the prior year, the firm posted ($0.92) earnings per share. Alaska Air Group's revenue for the quarter was up 40.5% compared to the same quarter last year. On average, sell-side analysts expect that Alaska Air Group, Inc. will post 6.03 EPS for the current year.

Insider Buying and Selling

In related news, EVP Andrew R. Harrison sold 7,500 shares of Alaska Air Group stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $53.51, for a total value of $401,325.00. Following the completion of the sale, the executive vice president now directly owns 26,530 shares in the company, valued at $1,419,620.30. This trade represents a 22.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

ALK has been the topic of several recent research reports. Citigroup dropped their target price on shares of Alaska Air Group from $83.00 to $81.00 and set a "buy" rating on the stock in a report on Tuesday, March 18th. Bank of America lowered their price target on shares of Alaska Air Group from $80.00 to $70.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. TD Cowen increased their price objective on shares of Alaska Air Group from $54.00 to $62.00 and gave the company a "buy" rating in a research note on Friday, April 25th. Susquehanna reduced their price objective on shares of Alaska Air Group from $95.00 to $55.00 and set a "positive" rating for the company in a research note on Monday, April 7th. Finally, JPMorgan Chase & Co. upped their target price on Alaska Air Group from $85.00 to $89.00 and gave the stock an "overweight" rating in a report on Monday, March 3rd. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $66.83.

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.