Highview Capital Management LLC DE Invests $1.02 Million in Alaska Air Group, Inc. (NYSE:ALK)

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

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Perkins Coie Trust Co lifted its stake 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 purchasing an additional 377 shares during the last quarter. Wood Tarver Financial Group LLC purchased a new position in shares of Alaska Air Group in the fourth quarter worth about $38,000. SBI Securities Co. Ltd. acquired a new stake in Alaska Air Group during the fourth quarter worth about $52,000. EverSource Wealth Advisors LLC grew its holdings in Alaska Air Group by 61.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 955 shares of the transportation company's stock worth $62,000 after acquiring an additional 364 shares during the period. Finally, UMB Bank n.a. grew its holdings in Alaska Air Group by 459.1% in the first quarter. UMB Bank n.a. now owns 1,297 shares of the transportation company's stock valued at $64,000 after purchasing an additional 1,065 shares during the period. Institutional investors own 81.90% of the company's stock.

Insider Buying and Selling

In related news, VP Emily Halverson sold 2,946 shares of the business's stock in a transaction 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 sale, the vice president directly owned 8,253 shares of the company's stock, valued at approximately $423,709.02. The trade was a 26.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Andrew R. Harrison sold 7,500 shares of the company's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $53.51, for a total transaction 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. The trade was a 22.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 10,479 shares of company stock valued at $554,228. 1.00% of the stock is currently owned by company insiders.

Alaska Air Group Stock Down 1.4%

Alaska Air Group stock traded down $0.71 during mid-day trading on Wednesday, hitting $49.35. 473,473 shares of the company's stock were exchanged, compared to its average volume of 2,901,780. 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 market cap of $6.06 billion, a P/E ratio of 18.03, a P/E/G ratio of 0.54 and a beta of 1.41. Alaska Air Group, Inc. has a 1-year low of $32.62 and a 1-year high of $78.08. The stock has a 50 day moving average of $50.23 and a two-hundred day moving average of $57.12.

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). Alaska Air Group had a net margin of 2.86% and a return on equity of 15.01%. The company had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.19 billion. During the same quarter in the previous year, the business posted ($0.92) EPS. The firm's quarterly revenue was up 40.5% on a year-over-year basis. As a group, analysts anticipate that Alaska Air Group, Inc. will post 6.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Bank of America lowered their price target 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. UBS Group began coverage on Alaska Air Group in a research note on Monday. They set a "neutral" rating and a $49.00 target price for the company. Susquehanna reduced their target price on Alaska Air Group from $95.00 to $55.00 and set a "positive" rating for the company in a report on Monday, April 7th. Barclays cut their target price on Alaska Air Group from $62.00 to $55.00 and set an "overweight" rating for the company in a research note on Friday, April 25th. Finally, Citigroup lowered their price target on Alaska Air Group from $83.00 to $81.00 and set a "buy" rating on the stock in a report on Tuesday, March 18th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, Alaska Air Group currently has an average rating of "Moderate Buy" and a consensus price target of $66.42.

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.