Cerity Partners LLC Grows Position in Alaska Air Group, Inc. (NYSE:ALK)

Cerity Partners LLC raised its holdings in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 22.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 62,052 shares of the transportation company's stock after acquiring an additional 11,243 shares during the quarter. Cerity Partners LLC owned about 0.05% of Alaska Air Group worth $3,054,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of ALK. Perkins Coie Trust Co boosted its stake in Alaska Air Group by 125.7% during the first quarter. Perkins Coie Trust Co now owns 677 shares of the transportation company's stock worth $33,000 after acquiring an additional 377 shares in the last quarter. Wood Tarver Financial Group LLC purchased a new stake in Alaska Air Group during the fourth quarter valued at $38,000. UMB Bank n.a. boosted its position in Alaska Air Group by 459.1% in the first quarter. UMB Bank n.a. now owns 1,297 shares of the transportation company's stock worth $64,000 after purchasing an additional 1,065 shares during the last quarter. Millstone Evans Group LLC bought a new stake in Alaska Air Group during the fourth quarter valued at approximately $76,000. Finally, KBC Group NV bought a new stake in shares of Alaska Air Group during the 1st quarter valued at $76,000. Institutional investors own 81.90% of the company's stock.

Alaska Air Group Stock Performance

Shares of NYSE ALK traded down $0.02 during trading hours on Friday, hitting $53.10. 2,616,075 shares of the stock were exchanged, compared to its average volume of 2,906,783. Alaska Air Group, Inc. has a one year low of $32.62 and a one year high of $78.08. The company's 50 day moving average is $50.83 and its 200 day moving average is $56.40. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.56 and a quick ratio of 0.52. The firm has a market capitalization of $6.52 billion, a P/E ratio of 19.31, a P/E/G ratio of 0.57 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 analysts' consensus estimates of ($0.72) by ($0.05). The business had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.19 billion. Alaska Air Group had a net margin of 2.86% and a return on equity of 15.01%. The business's quarterly revenue was up 40.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.92) earnings per share. On average, research analysts expect that Alaska Air Group, Inc. will post 6.03 EPS for the current year.

Insider Transactions at Alaska Air Group

In other Alaska Air Group news, VP Emily Halverson sold 2,946 shares of the firm'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 completion of the sale, the vice president directly owned 8,253 shares in the company, valued at approximately $423,709.02. This trade represents a 26.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Andrew R. Harrison sold 7,500 shares of the stock in a transaction that occurred 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 directly owned 26,530 shares of the company's stock, valued at approximately $1,419,620.30. This trade represents a 22.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,479 shares of company stock worth $554,228. 1.00% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. UBS Group began coverage on shares of Alaska Air Group in a research report on Monday, July 7th. They issued a "neutral" rating and a $49.00 price objective on the stock. Barclays upped their price objective on Alaska Air Group from $55.00 to $60.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Bank of America reduced their price target on Alaska Air Group from $80.00 to $70.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. Susquehanna cut their target price 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. Finally, TD Cowen boosted their price target on Alaska Air Group from $54.00 to $62.00 and gave the company a "buy" rating in a report on Friday, April 25th. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average 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.