Lecap Asset Management Ltd. Buys Shares of 15,694 Alaska Air Group, Inc. (NYSE:ALK)

Lecap Asset Management Ltd. acquired a new position in Alaska Air Group, Inc. (NYSE:ALK - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 15,694 shares of the transportation company's stock, valued at approximately $772,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. increased 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 worth $883,959,000 after purchasing an additional 56,409 shares during the period. Dimensional Fund Advisors LP increased its stake in Alaska Air Group by 0.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,225,054 shares of the transportation company's stock valued at $403,076,000 after acquiring an additional 56,740 shares during the period. FMR LLC increased its stake in Alaska Air Group by 328.7% during the fourth quarter. FMR LLC now owns 4,649,388 shares of the transportation company's stock valued at $301,048,000 after acquiring an additional 3,564,749 shares during the period. Boston Partners raised its holdings in Alaska Air Group by 6.9% in the 4th quarter. Boston Partners now owns 3,460,959 shares of the transportation company's stock valued at $224,121,000 after acquiring an additional 222,780 shares in the last quarter. Finally, Point72 Asset Management L.P. lifted its position in shares of Alaska Air Group by 134.0% in 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 acquiring an additional 1,222,277 shares during the period. Institutional investors own 81.90% of the company's stock.

Insider Buying and Selling at Alaska Air Group

In other news, EVP Andrew R. Harrison sold 7,500 shares of Alaska Air Group stock in a transaction on 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 of the company's stock, valued at approximately $1,419,620.30. This trade represents a 22.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Emily Halverson sold 2,946 shares of the company's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $51.34, for a total value of $151,247.64. Following the transaction, the vice president now directly owns 8,253 shares in the company, valued at $423,709.02. This trade represents a 26.31% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,479 shares of company stock worth $554,228. 1.00% of the stock is currently owned by corporate insiders.

Alaska Air Group Price Performance

NYSE ALK traded up $0.26 during trading hours on Friday, reaching $49.27. 1,482,310 shares of the company's stock were exchanged, compared to its average volume of 2,872,786. The firm has a fifty day moving average of $49.18 and a 200-day moving average of $57.89. Alaska Air Group, Inc. has a one year low of $32.62 and a one year high of $78.08. The stock has a market cap of $6.05 billion, a PE ratio of 17.89, a price-to-earnings-growth ratio of 0.49 and a beta of 1.44. The company has a current ratio of 0.56, a quick ratio of 0.52 and a debt-to-equity ratio of 1.05.

Alaska Air Group (NYSE:ALK - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The transportation company reported ($0.77) EPS for the quarter, missing analysts' consensus estimates of ($0.72) by ($0.05). Alaska Air Group had a return on equity of 15.01% and a net margin of 2.86%. The business had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.19 billion. During the same period in the prior year, the firm posted ($0.92) EPS. Alaska Air Group's revenue for the quarter was up 40.5% compared to the same quarter last year. On average, equities research analysts predict that Alaska Air Group, Inc. will post 6.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ALK shares. Susquehanna lowered their price objective on Alaska Air Group from $95.00 to $55.00 and set a "positive" rating on the stock in a research report on Monday, April 7th. Citigroup dropped their price objective on shares of Alaska Air Group from $83.00 to $81.00 and set a "buy" rating for the company in a research note on Tuesday, March 18th. TD Cowen lifted their target price on shares of Alaska Air Group from $54.00 to $62.00 and gave the company a "buy" rating in a research report on Friday, April 25th. 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. Finally, JPMorgan Chase & Co. raised their price target on shares of Alaska Air Group from $85.00 to $89.00 and gave the stock an "overweight" rating in a research note on Monday, March 3rd. One 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 an average rating of "Moderate Buy" and a consensus price target of $66.83.

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.