Highview Capital Management LLC DE purchased a new stake in Alaska Air Group, Inc. (NYSE:ALK - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 20,634 shares of the transportation company's stock, valued at approximately $1,016,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC lifted its position in Alaska Air Group by 2,046.4% during the 4th quarter. Brighton Jones LLC now owns 96,932 shares of the transportation company's stock worth $6,276,000 after buying an additional 92,416 shares in the last quarter. Mutual of America Capital Management LLC lifted its position in Alaska Air Group by 1.3% during the 4th quarter. Mutual of America Capital Management LLC now owns 19,229 shares of the transportation company's stock worth $1,245,000 after buying an additional 254 shares in the last quarter. Jones Financial Companies Lllp lifted its position in Alaska Air Group by 77.8% during the 4th quarter. Jones Financial Companies Lllp now owns 5,221 shares of the transportation company's stock worth $338,000 after buying an additional 2,284 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Alaska Air Group during the 4th quarter worth about $52,000. Finally, Charles Schwab Investment Management Inc. lifted its position in Alaska Air Group by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,432,052 shares of the transportation company's stock worth $92,725,000 after buying an additional 9,805 shares in the last quarter. Institutional investors own 81.90% of the company's stock.
Alaska Air Group Stock Down 0.7%
Shares of NYSE:ALK traded down $0.37 during midday trading on Wednesday, hitting $49.69. The stock had a trading volume of 2,407,965 shares, compared to its average volume of 2,909,042. Alaska Air Group, Inc. has a 12 month low of $32.62 and a 12 month high of $78.08. The company has a quick ratio of 0.52, a current ratio of 0.56 and a debt-to-equity ratio of 1.05. The business's 50-day simple moving average is $50.34 and its 200-day simple moving average is $57.07. The company has a market cap of $6.10 billion, a P/E ratio of 18.07, a PEG ratio of 0.52 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). 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 for the quarter, compared to the consensus estimate of $3.19 billion. During the same quarter in the previous year, the company posted ($0.92) earnings per share. The business's revenue was up 40.5% compared to the same quarter last year. On average, sell-side analysts forecast that Alaska Air Group, Inc. will post 6.03 earnings per share for the current fiscal year.
Insider Buying and Selling at Alaska Air Group
In other Alaska Air Group news, VP Emily Halverson sold 2,946 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the vice president owned 8,253 shares of the company's stock, valued at $423,709.02. This represents a 26.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Andrew R. Harrison sold 7,500 shares of the firm'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 completion of the sale, the executive vice president directly owned 26,530 shares of the company's stock, valued at approximately $1,419,620.30. This represents a 22.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,479 shares of company stock valued at $554,228. 1.00% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
A number of research firms have issued reports on ALK. Barclays cut their target price on shares of Alaska Air Group from $62.00 to $55.00 and set an "overweight" rating on the stock in a research report on Friday, April 25th. TD Cowen upped their target price on shares of Alaska Air Group from $54.00 to $62.00 and gave the company a "buy" rating in a research report on Friday, April 25th. UBS Group began coverage on shares of Alaska Air Group in a research report on Monday. They set a "neutral" rating and a $49.00 target price on the stock. Susquehanna cut their target price 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. Finally, Bank of America cut their target price on shares of Alaska Air Group from $80.00 to $70.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $66.42.
Check Out Our Latest Research Report on ALK
Alaska Air Group Profile
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Free Report)
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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