Brighton Jones LLC Has $3.99 Million Position in Alaska Air Group, Inc. (NYSE:ALK)

Brighton Jones LLC lowered its stake in Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 16.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 81,051 shares of the transportation company's stock after selling 15,881 shares during the quarter. Brighton Jones LLC owned about 0.07% of Alaska Air Group worth $3,989,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ALK. FMR LLC grew its holdings 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 worth $301,048,000 after acquiring an additional 3,564,749 shares during the period. Point72 Asset Management L.P. grew its stake 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 purchasing an additional 1,222,277 shares during the last quarter. Adage Capital Partners GP L.L.C. grew its stake in shares of Alaska Air Group by 4,615.3% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 943,064 shares of the transportation company's stock worth $61,063,000 after purchasing an additional 923,064 shares during the last quarter. Candlestick Capital Management LP bought a new stake in shares of Alaska Air Group in the 4th quarter worth approximately $51,306,000. Finally, Interval Partners LP acquired a new stake in Alaska Air Group during the fourth quarter valued at approximately $50,507,000. Institutional investors and hedge funds own 81.90% of the company's stock.

Insiders Place Their Bets

In other news, EVP Andrew R. Harrison sold 7,500 shares of the firm's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $53.51, for a total value of $401,325.00. Following the transaction, the executive vice president now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Emily Halverson sold 2,946 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $51.34, for a total transaction of $151,247.64. Following the completion of the transaction, the vice president now directly owns 8,253 shares in the company, valued at approximately $423,709.02. The trade was a 26.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,479 shares of company stock valued at $554,228. 0.92% of the stock is currently owned by corporate insiders.

Alaska Air Group Price Performance

NYSE:ALK traded up $0.18 during mid-day trading on Wednesday, hitting $46.88. The company's stock had a trading volume of 1,761,282 shares, compared to its average volume of 3,360,364. The company has a current ratio of 0.56, a quick ratio of 0.52 and a debt-to-equity ratio of 1.05. The stock has a fifty day moving average of $48.89 and a 200-day moving average of $58.21. The company has a market capitalization of $5.75 billion, a price-to-earnings ratio of 17.05, a P/E/G ratio of 0.50 and a beta of 1.44. Alaska Air Group, Inc. has a fifty-two week low of $32.62 and a fifty-two week high of $78.08.

Alaska Air Group (NYSE:ALK - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The transportation company reported ($0.77) earnings per share 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 the consensus estimate of $3.19 billion. Alaska Air Group had a return on equity of 15.01% and a net margin of 2.86%. The firm's revenue for the quarter was up 40.5% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.92) EPS. As a group, equities analysts forecast that Alaska Air Group, Inc. will post 6.03 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ALK shares. TD Cowen increased their price target on 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 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. Barclays dropped their price target on shares of Alaska Air Group from $62.00 to $55.00 and set an "overweight" rating on the stock in a research note on Friday, April 25th. Susquehanna cut their price objective on Alaska Air Group from $95.00 to $55.00 and set a "positive" rating on the stock in a research note on Monday, April 7th. Finally, JPMorgan Chase & Co. lifted their price objective on 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 equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Alaska Air Group has an average rating of "Moderate Buy" and an average target price 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.