D.A. Davidson & CO. Has $10.06 Million Position in Alaska Air Group, Inc. $ALK

Key Points

• D.A. Davidson & CO. increased its stake in Alaska Air Group by 8.1%, now owning 203,227 shares valued at approximately $10.06 million.
• Institutional investors currently hold 81.90% of Alaska Air Group's stock, reflecting significant institutional interest in the company.
• Alaska Air Group reported $1.78 earnings per share for the last quarter, surpassing expectations of $1.56, with revenues reaching $3.70 billion.

D.A. Davidson & CO. boosted its stake in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 8.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 203,227 shares of the transportation company's stock after acquiring an additional 15,301 shares during the quarter. D.A. Davidson & CO. owned 0.17% of Alaska Air Group worth $10,056,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Brooklyn Investment Group raised its stake in Alaska Air Group by 41.1% during the first quarter. Brooklyn Investment Group now owns 632 shares of the transportation company's stock worth $31,000 after acquiring an additional 184 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Alaska Air Group in the first quarter valued at $71,000. KBC Group NV acquired a new stake in shares of Alaska Air Group in the first quarter valued at $76,000. State of Wyoming acquired a new stake in shares of Alaska Air Group in the first quarter valued at $92,000. Finally, UMB Bank n.a. increased its stake in shares of Alaska Air Group by 71.9% in the second quarter. UMB Bank n.a. now owns 2,230 shares of the transportation company's stock valued at $110,000 after buying an additional 933 shares in the last quarter. 81.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ALK. Susquehanna set a $58.00 target price on Alaska Air Group and gave the company a "positive" rating in a research note on Friday, October 3rd. Zacks Research lowered Alaska Air Group from a "hold" rating to a "strong sell" rating in a research note on Wednesday, October 8th. UBS Group restated a "buy" rating and issued a $90.00 target price on shares of Alaska Air Group in a research note on Tuesday. JPMorgan Chase & Co. raised their price target on Alaska Air Group from $73.00 to $96.00 and gave the company an "overweight" rating in a report on Friday, September 12th. Finally, Evercore ISI decreased their price target on Alaska Air Group from $70.00 to $65.00 and set an "outperform" rating on the stock in a report on Tuesday, September 16th. Thirteen research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $71.62.

Alaska Air Group Price Performance

Shares of ALK opened at $47.69 on Thursday. The company has a current ratio of 0.52, a quick ratio of 0.49 and a debt-to-equity ratio of 1.14. Alaska Air Group, Inc. has a 1 year low of $39.79 and a 1 year high of $78.08. The stock has a market cap of $5.50 billion, a P/E ratio of 19.38, a price-to-earnings-growth ratio of 0.77 and a beta of 1.40. The stock's 50-day moving average price is $55.35 and its two-hundred day moving average price is $51.76.

Alaska Air Group (NYSE:ALK - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The transportation company reported $1.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.56 by $0.22. Alaska Air Group had a return on equity of 12.62% and a net margin of 2.33%.The firm had revenue of $3.70 billion for the quarter, compared to analysts' expectations of $3.65 billion. During the same quarter last year, the business earned $2.55 earnings per share. The company's revenue was up 27.9% compared to the same quarter last year. On average, equities analysts predict that Alaska Air Group, Inc. will post 6.03 earnings per share for the current year.

Insiders Place Their Bets

In other Alaska Air Group news, EVP Andrew R. Harrison sold 7,600 shares of the firm's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $53.22, for a total transaction of $404,472.00. Following the transaction, the executive vice president owned 18,930 shares in the company, valued at approximately $1,007,454.60. This trade represents a 28.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Kyle B. Levine sold 5,914 shares of the firm's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $57.75, for a total value of $341,533.50. Following the transaction, the senior vice president owned 20,917 shares in the company, valued at approximately $1,207,956.75. This trade represents a 22.04% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,514 shares of company stock worth $1,031,306. Insiders own 1.00% of the company's stock.

About Alaska Air Group

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.

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