D.A. Davidson & CO. Has $9.25 Million Stock Position in Alaska Air Group, Inc. (NYSE:ALK)

D.A. Davidson & CO. decreased its holdings in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 2.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 187,926 shares of the transportation company's stock after selling 5,068 shares during the period. D.A. Davidson & CO. owned approximately 0.15% of Alaska Air Group worth $9,250,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in ALK. Perkins Coie Trust Co grew its position in shares of Alaska Air Group by 125.7% during the 1st quarter. Perkins Coie Trust Co now owns 677 shares of the transportation company's stock worth $33,000 after buying an additional 377 shares during the period. Wood Tarver Financial Group LLC acquired a new position in Alaska Air Group during the fourth quarter valued at approximately $38,000. SBI Securities Co. Ltd. acquired a new position in Alaska Air Group during the fourth quarter valued at approximately $52,000. EverSource Wealth Advisors LLC increased its stake in Alaska Air Group by 61.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 955 shares of the transportation company's stock valued at $62,000 after purchasing an additional 364 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in shares of Alaska Air Group by 459.1% during 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 in the last quarter. Institutional investors and hedge funds own 81.90% of the company's stock.

Alaska Air Group Stock Performance

Shares of NYSE:ALK traded up $0.13 on Friday, reaching $51.01. 1,716,510 shares of the company's stock were exchanged, compared to its average volume of 2,900,919. The company has a current ratio of 0.56, a quick ratio of 0.52 and a debt-to-equity ratio of 1.05. Alaska Air Group, Inc. has a twelve month low of $32.62 and a twelve month high of $78.08. The company has a fifty day moving average of $49.77 and a 200-day moving average of $57.45. The company has a market capitalization of $6.26 billion, a price-to-earnings ratio of 18.55, a PEG ratio of 0.53 and a beta of 1.41.

Alaska Air Group (NYSE:ALK - Get Free Report) last released its earnings results on Wednesday, April 23rd. The transportation company reported ($0.77) earnings per share for the quarter, missing analysts' consensus estimates of ($0.72) by ($0.05). The company had revenue of $3.14 billion for 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 revenue was up 40.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.92) earnings per share. On average, research analysts predict that Alaska Air Group, Inc. will post 6.03 EPS for the current fiscal year.

Insider Activity

In other Alaska Air Group news, EVP Andrew R. Harrison sold 7,500 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $53.51, for a total value of $401,325.00. Following the sale, the executive vice president owned 26,530 shares in the company, valued at $1,419,620.30. This trade represents a 22.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Emily Halverson sold 2,946 shares of the business's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $51.34, for a total transaction of $151,247.64. Following the sale, the vice president directly owned 8,253 shares in the company, valued at approximately $423,709.02. The trade was a 26.31% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,479 shares of company stock valued at $554,228. Insiders own 1.00% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on ALK shares. Bank of America decreased their price objective on Alaska Air Group from $80.00 to $70.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. Barclays lowered their price objective on shares of Alaska Air Group from $62.00 to $55.00 and set an "overweight" rating for the company in a research report on Friday, April 25th. Susquehanna cut their price objective on shares of 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. TD Cowen upped their target price on shares of Alaska Air Group from $54.00 to $62.00 and gave the stock a "buy" rating in a research note on Friday, April 25th. Finally, Citigroup dropped their price target on Alaska Air Group from $83.00 to $81.00 and set a "buy" rating on the stock in a research note on Tuesday, March 18th. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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.