20,634 Shares in Alaska Air Group, Inc. (NYSE:ALK) Acquired 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 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 20,634 shares of the transportation company's stock, valued at approximately $1,016,000.

Other hedge funds also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Alaska Air Group by 416.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 30,499 shares of the transportation company's stock worth $1,501,000 after purchasing an additional 24,592 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Alaska Air Group by 2.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 25,160 shares of the transportation company's stock worth $1,238,000 after acquiring an additional 713 shares during the period. KBC Group NV purchased a new position in shares of Alaska Air Group during the 1st quarter worth approximately $76,000. GAMMA Investing LLC grew its holdings in shares of Alaska Air Group by 16.5% during the 1st quarter. GAMMA Investing LLC now owns 4,033 shares of the transportation company's stock worth $199,000 after acquiring an additional 571 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Alaska Air Group in the 1st quarter worth approximately $128,000. 81.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Alaska Air Group

In related news, VP Emily Halverson sold 2,946 shares of Alaska Air Group stock in a transaction dated 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 transaction, the vice president owned 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Andrew R. Harrison sold 7,500 shares of Alaska Air Group stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $53.51, for a total value of $401,325.00. Following the completion of the transaction, the executive vice president owned 26,530 shares of the company's stock, valued at approximately $1,419,620.30. This represents a 22.04% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,479 shares of company stock valued at $554,228. Company insiders own 1.00% of the company's stock.

Alaska Air Group Price Performance

NYSE:ALK traded up $4.66 on Thursday, reaching $54.39. 3,218,954 shares of the company's stock traded hands, compared to its average volume of 2,911,163. 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 stock has a 50-day simple moving average of $50.34 and a 200-day simple moving average of $57.07. The firm has a market cap of $6.68 billion, a PE ratio of 19.79, a P/E/G ratio of 0.52 and a beta of 1.41. Alaska Air Group, Inc. has a 12 month low of $32.62 and a 12 month high of $78.08.

Alaska Air Group (NYSE:ALK - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $3.14 billion for the quarter, compared to analysts' expectations of $3.19 billion. Alaska Air Group had a net margin of 2.86% and a return on equity of 15.01%. The company's revenue for the quarter was up 40.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.92) EPS. Equities research analysts forecast that Alaska Air Group, Inc. will post 6.03 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have commented on ALK shares. Citigroup cut their target price 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. 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 report on Thursday, April 3rd. TD Cowen increased their price target on Alaska Air Group from $54.00 to $62.00 and gave the company a "buy" rating in a report on Friday, April 25th. Susquehanna lowered their price target on Alaska Air Group from $95.00 to $55.00 and set a "positive" rating on the stock in a report on Monday, April 7th. Finally, Barclays increased 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. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $66.83.

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.