Neo Ivy Capital Management Purchases Shares of 5,556 Alaska Air Group, Inc. (NYSE:ALK)

Neo Ivy Capital Management purchased a new position in 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 purchased 5,556 shares of the transportation company's stock, valued at approximately $359,000.

Other hedge funds have also made changes to their positions in the company. Barclays PLC increased its position in Alaska Air Group by 1.8% in the 3rd quarter. Barclays PLC now owns 1,058,564 shares of the transportation company's stock valued at $47,857,000 after acquiring an additional 18,233 shares during the period. Merit Financial Group LLC increased its position in shares of Alaska Air Group by 14.0% during the 4th quarter. Merit Financial Group LLC now owns 7,385 shares of the transportation company's stock valued at $478,000 after purchasing an additional 906 shares during the period. SG Americas Securities LLC increased its position in shares of Alaska Air Group by 1,155.3% during the 4th quarter. SG Americas Securities LLC now owns 58,671 shares of the transportation company's stock valued at $3,799,000 after purchasing an additional 53,997 shares during the period. Janney Montgomery Scott LLC increased its position in shares of Alaska Air Group by 40.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 8,105 shares of the transportation company's stock valued at $525,000 after purchasing an additional 2,320 shares during the period. Finally, Avior Wealth Management LLC increased its position in shares of 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. Institutional investors own 81.90% of the company's stock.

Insider Buying and Selling

In other Alaska Air Group 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 transaction of $401,325.00. Following the transaction, the executive vice president now owns 26,530 shares of the company's stock, valued at $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 available through the SEC website. 0.92% of the stock is currently owned by corporate insiders.

Alaska Air Group Price Performance

Shares of ALK traded up $0.89 during mid-day trading on Thursday, reaching $52.51. The company had a trading volume of 967,886 shares, compared to its average volume of 2,787,553. The company has a market capitalization of $6.45 billion, a P/E ratio of 17.23, a P/E/G ratio of 0.43 and a beta of 1.41. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.61 and a quick ratio of 0.58. Alaska Air Group, Inc. has a twelve month low of $32.62 and a twelve month high of $78.08. The company's 50-day moving average is $48.42 and its 200-day moving average is $58.40.

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 EPS for the current year.

Analyst Upgrades and Downgrades

ALK has been the topic of several research analyst reports. Barclays lowered their price target on Alaska Air Group from $62.00 to $55.00 and set an "overweight" rating on the stock in a research report on Friday, April 25th. UBS Group cut Alaska Air Group from a "buy" rating to a "neutral" rating and lowered their price target for the company from $75.00 to $54.00 in a research report on Monday, April 7th. Citigroup lowered their price target on Alaska Air Group from $83.00 to $81.00 and set a "buy" rating on the stock in a research report on Tuesday, March 18th. TD Cowen lifted 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. Finally, Susquehanna decreased their target price on Alaska Air Group from $95.00 to $55.00 and set a "positive" rating on the stock in a report on Monday, April 7th. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $66.83.

Alaska Air Group 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.