Voloridge Investment Management LLC Grows Position in Alaska Air Group, Inc. (NYSE:ALK)

Voloridge Investment Management LLC raised its holdings in Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 22.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 973,956 shares of the transportation company's stock after purchasing an additional 176,576 shares during the period. Voloridge Investment Management LLC owned approximately 0.77% of Alaska Air Group worth $63,064,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Avior Wealth Management LLC raised its position in shares of Alaska Air Group by 44.8% in the fourth quarter. Avior Wealth Management LLC now owns 588 shares of the transportation company's stock valued at $38,000 after buying an additional 182 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Alaska Air Group during the fourth quarter worth approximately $52,000. EverSource Wealth Advisors LLC increased its stake in Alaska Air Group by 61.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 955 shares of the transportation company's stock worth $62,000 after acquiring an additional 364 shares during the period. Millstone Evans Group LLC acquired a new position in Alaska Air Group in the 4th quarter valued at $76,000. Finally, Smartleaf Asset Management LLC raised its holdings in Alaska Air Group by 97.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,623 shares of the transportation company's stock valued at $105,000 after acquiring an additional 803 shares in the last quarter. Institutional investors own 81.90% of the company's stock.

Insider Transactions at Alaska Air Group

In other Alaska Air Group news, EVP Andrew R. Harrison sold 7,500 shares of the business's stock in a transaction 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 completion of the sale, the executive vice president now owns 26,530 shares in the company, valued at approximately $1,419,620.30. The trade was a 22.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

ALK has been the topic of a number of recent analyst reports. Barclays decreased 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. Susquehanna decreased their target price on shares of Alaska Air Group from $95.00 to $55.00 and set a "positive" rating on the stock in a report on Monday, April 7th. Citigroup cut their price target on shares of Alaska Air Group from $83.00 to $81.00 and set a "buy" rating for the company in a report on Tuesday, March 18th. TD Cowen increased their price target on shares of Alaska Air Group from $54.00 to $62.00 and gave the stock a "buy" rating in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Alaska Air Group from $85.00 to $89.00 and gave the company an "overweight" rating in a research report on Monday, March 3rd. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $66.83.

Alaska Air Group Trading Up 1.2%

NYSE ALK traded up $0.62 during trading hours on Monday, reaching $50.73. The company's stock had a trading volume of 2,243,062 shares, compared to its average volume of 2,787,765. The firm has a fifty day simple moving average of $48.52 and a 200-day simple moving average of $58.50. 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 52 week low of $32.62 and a 52 week high of $78.08. The stock has a market cap of $6.23 billion, a P/E ratio of 16.63, a P/E/G 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 net margin of 3.37% and a return on equity of 14.66%. The business had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.19 billion. During the same period in the previous year, the business posted ($0.92) EPS. Alaska Air Group's revenue was up 40.5% on a year-over-year basis. Equities analysts forecast that Alaska Air Group, Inc. will post 6.03 earnings per share for the current fiscal year.

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.