111 Capital Purchases Shares of 12,525 Alaska Air Group, Inc. (NYSE:ALK)

111 Capital acquired a new stake in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 12,525 shares of the transportation company's stock, valued at approximately $811,000.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Alaska Air Group by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 13,651,876 shares of the transportation company's stock valued at $883,959,000 after acquiring an additional 56,409 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Alaska Air Group by 0.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,225,054 shares of the transportation company's stock worth $403,076,000 after purchasing an additional 56,740 shares during the last quarter. FMR LLC raised its position in Alaska Air Group by 328.7% during the 4th quarter. FMR LLC now owns 4,649,388 shares of the transportation company's stock worth $301,048,000 after purchasing an additional 3,564,749 shares during the last quarter. Boston Partners raised its position in Alaska Air Group by 6.9% during the 4th quarter. Boston Partners now owns 3,460,959 shares of the transportation company's stock worth $224,121,000 after purchasing an additional 222,780 shares during the last quarter. Finally, Point72 Asset Management L.P. raised its position in Alaska Air Group by 134.0% during the 4th quarter. Point72 Asset Management L.P. now owns 2,134,221 shares of the transportation company's stock worth $138,191,000 after purchasing an additional 1,222,277 shares during the last quarter. Institutional investors and hedge funds own 81.90% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on ALK shares. Susquehanna lowered their target price on Alaska Air Group from $95.00 to $55.00 and set a "positive" rating for the company in a research report on Monday, April 7th. TD Cowen raised their target price on Alaska Air Group from $54.00 to $62.00 and gave the stock a "buy" rating in a research report on Friday, April 25th. JPMorgan Chase & Co. raised their target price on Alaska Air Group from $85.00 to $89.00 and gave the stock an "overweight" rating in a research report on Monday, March 3rd. Barclays lowered their target price on Alaska Air Group from $62.00 to $55.00 and set an "overweight" rating for the company in a research report on Friday, April 25th. Finally, Citigroup lowered their target price on 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 equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Alaska Air Group presently has a consensus rating of "Moderate Buy" and an average target price of $66.83.

Alaska Air Group Stock Performance

Shares of ALK stock remained flat at $50.93 during mid-day trading on Monday. The stock had a trading volume of 2,628,025 shares, compared to its average volume of 2,808,415. The stock's 50 day simple moving average is $48.26 and its two-hundred day simple moving average is $58.47. Alaska Air Group, Inc. has a 1 year low of $32.62 and a 1 year high of $78.08. The company has a current ratio of 0.61, a quick ratio of 0.58 and a debt-to-equity ratio of 1.04. The company has a market cap of $6.25 billion, a P/E ratio of 16.70, a PEG ratio of 0.43 and a beta of 1.41.

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

Insider Activity

In other news, EVP Andrew R. Harrison sold 7,500 shares of the firm's stock in a transaction dated Monday, May 19th. The stock was 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 sale was disclosed in a filing with the SEC, which is available at this link. 1.00% of the stock is currently owned by company insiders.

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.