Generate Investment Management Ltd Buys Shares of 122,541 Alaska Air Group, Inc. (NYSE:ALK)

Generate Investment Management Ltd bought a new position in Alaska Air Group, Inc. (NYSE:ALK - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 122,541 shares of the transportation company's stock, valued at approximately $6,031,000. Generate Investment Management Ltd owned approximately 0.10% of Alaska Air Group as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Brighton Jones LLC grew its stake in Alaska Air Group by 2,046.4% in the fourth quarter. Brighton Jones LLC now owns 96,932 shares of the transportation company's stock valued at $6,276,000 after purchasing an additional 92,416 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Alaska Air Group by 0.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 29,816 shares of the transportation company's stock valued at $1,931,000 after acquiring an additional 160 shares during the last quarter. Nwam LLC acquired a new stake in Alaska Air Group in the fourth quarter valued at approximately $205,000. Proficio Capital Partners LLC acquired a new position in shares of Alaska Air Group during the 4th quarter worth $4,675,000. Finally, Mutual of America Capital Management LLC lifted its stake in shares of Alaska Air Group by 1.3% in the 4th quarter. Mutual of America Capital Management LLC now owns 19,229 shares of the transportation company's stock valued at $1,245,000 after purchasing an additional 254 shares during the last quarter. Institutional investors and hedge funds own 81.90% of the company's stock.

Alaska Air Group Stock Performance

Shares of ALK traded up $0.36 on Thursday, reaching $49.02. 1,952,817 shares of the stock traded hands, compared to its average volume of 2,877,621. The firm has a market cap of $6.02 billion, a price-to-earnings ratio of 17.83, a P/E/G ratio of 0.49 and a beta of 1.44. Alaska Air Group, Inc. has a 12 month low of $32.62 and a 12 month high of $78.08. The stock's 50-day moving average price is $49.10 and its 200-day moving average price is $57.92. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.56 and a quick ratio of 0.52.

Alaska Air Group (NYSE:ALK - Get Free Report) last announced its quarterly earnings data 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). Alaska Air Group had a net margin of 2.86% and a return on equity of 15.01%. The business had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.19 billion. During the same quarter in the prior year, the company posted ($0.92) EPS. The company's quarterly revenue was up 40.5% compared to the same quarter last year. Equities analysts forecast that Alaska Air Group, Inc. will post 6.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Barclays cut their target price on Alaska Air Group from $62.00 to $55.00 and set an "overweight" rating on the stock in a report on Friday, April 25th. Susquehanna decreased their price objective on shares of Alaska Air Group from $95.00 to $55.00 and set a "positive" rating for the company in a report on Monday, April 7th. JPMorgan Chase & Co. lifted their target price on shares of Alaska Air Group from $85.00 to $89.00 and gave the stock an "overweight" rating in a report on Monday, March 3rd. Bank of America decreased their price target on shares of Alaska Air Group from $80.00 to $70.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Finally, Citigroup dropped their price objective 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 research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $66.83.

Insider Buying and Selling at Alaska Air Group

In other news, VP Emily Halverson sold 2,946 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was 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 now directly owns 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Andrew R. Harrison sold 7,500 shares of the company's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $53.51, for a total transaction of $401,325.00. Following the transaction, the executive vice president now owns 26,530 shares in the company, valued at approximately $1,419,620.30. This trade represents a 22.04% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,479 shares of company stock valued at $554,228. 1.00% of the stock is currently owned by corporate insiders.

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.