20,634 Shares in Alaska Air Group, Inc. (NYSE:ALK) Purchased by Highview Capital Management LLC DE

Highview Capital Management LLC DE purchased a new stake in Alaska Air Group, Inc. (NYSE:ALK - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 20,634 shares of the transportation company's stock, valued at approximately $1,016,000.

Other hedge funds have also modified their holdings of the company. Perkins Coie Trust Co grew its stake in Alaska Air Group by 125.7% in the first quarter. Perkins Coie Trust Co now owns 677 shares of the transportation company's stock valued at $33,000 after acquiring an additional 377 shares during the period. Wood Tarver Financial Group LLC acquired a new position in shares of Alaska Air Group in the 4th quarter valued at approximately $38,000. SBI Securities Co. Ltd. bought a new stake in Alaska Air Group during the 4th quarter worth approximately $52,000. EverSource Wealth Advisors LLC raised its holdings 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 buying an additional 364 shares during the period. Finally, UMB Bank n.a. raised its holdings in Alaska Air Group by 459.1% during the 1st quarter. UMB Bank n.a. now owns 1,297 shares of the transportation company's stock worth $64,000 after buying an additional 1,065 shares during the period. 81.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Alaska Air Group

In related 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 completion of the sale, the executive vice president directly owned 26,530 shares in the company, 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 SEC, which is accessible through the SEC website. Also, VP Emily Halverson sold 2,946 shares of the company'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 value of $151,247.64. Following the completion of the sale, the vice president owned 8,253 shares in the company, valued at $423,709.02. This represents a 26.31% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,479 shares of company stock worth $554,228. 1.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Citigroup reduced 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 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. Susquehanna dropped their price target 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. Barclays boosted their price target on Alaska Air Group from $55.00 to $60.00 and gave the company an "overweight" rating in a report on Thursday. Finally, 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 report on Thursday, April 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 a consensus price target of $66.83.

Alaska Air Group Stock Down 3.0%

NYSE ALK traded down $1.63 during trading hours on Friday, hitting $52.55. 2,218,255 shares of the company traded hands, compared to its average volume of 2,917,141. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.52 and a current ratio of 0.56. The business's 50-day moving average is $50.65 and its 200-day moving average is $56.87. The stock has a market capitalization of $6.45 billion, a price-to-earnings ratio of 19.11, a P/E/G ratio of 0.57 and a beta of 1.41. Alaska Air Group, Inc. has a twelve month low of $32.62 and a twelve month high of $78.08.

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 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 net margin of 2.86% and a return on equity of 15.01%. Alaska Air Group's quarterly revenue was up 40.5% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.92) earnings per share. Sell-side analysts anticipate that Alaska Air Group, Inc. will post 6.03 earnings per share for the current 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.