Jackson Creek Investment Advisors LLC Trims Stock Position in Alaska Air Group, Inc. (NYSE:ALK)

Jackson Creek Investment Advisors LLC reduced its holdings in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 28.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 23,573 shares of the transportation company's stock after selling 9,296 shares during the period. Jackson Creek Investment Advisors LLC's holdings in Alaska Air Group were worth $1,160,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Maryland State Retirement & Pension System increased its holdings in shares of Alaska Air Group by 0.3% in the fourth quarter. Maryland State Retirement & Pension System now owns 49,905 shares of the transportation company's stock valued at $3,231,000 after purchasing an additional 147 shares during the period. Valeo Financial Advisors LLC increased its stake in Alaska Air Group by 3.4% in the 1st quarter. Valeo Financial Advisors LLC now owns 7,821 shares of the transportation company's stock valued at $385,000 after buying an additional 256 shares during the period. Treasurer of the State of North Carolina raised its position in Alaska Air Group by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 55,170 shares of the transportation company's stock worth $3,572,000 after buying an additional 340 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Alaska Air Group by 61.6% in the 4th 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, Hancock Whitney Corp boosted its holdings in shares of Alaska Air Group by 5.8% in the fourth quarter. Hancock Whitney Corp now owns 6,848 shares of the transportation company's stock valued at $443,000 after acquiring an additional 376 shares in the last quarter. Institutional investors and hedge funds own 81.90% of the company's stock.

Insider Activity

In related news, VP Emily Halverson sold 2,946 shares of the business'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 sale, the vice president owned 8,253 shares of the company's stock, valued at $423,709.02. The trade was a 26.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Andrew R. Harrison sold 7,500 shares of the company's stock in a transaction on 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 owned 26,530 shares of the company's stock, 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. Insiders sold 10,479 shares of company stock valued at $554,228 in the last ninety days. Corporate insiders own 1.00% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. TD Cowen raised their price objective 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. Susquehanna reduced their price target 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 lifted their price target on Alaska Air Group from $55.00 to $60.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. UBS Group began coverage on Alaska Air Group in a report on Monday, July 7th. They issued a "neutral" rating and a $49.00 target price for the company. Finally, Bank of America cut 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. One investment 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, the stock has an average rating of "Moderate Buy" and an average target price of $66.83.

Alaska Air Group Stock Down 1.2%

ALK stock traded down $0.65 during mid-day trading on Friday, hitting $52.47. 209,817 shares of the company were exchanged, compared to its average volume of 3,249,467. The firm has a fifty day simple moving average of $50.81 and a 200 day simple moving average of $56.49. The company has a market capitalization of $6.44 billion, a PE ratio of 19.08, a price-to-earnings-growth ratio of 0.55 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. The company has a current ratio of 0.56, a quick ratio of 0.52 and a debt-to-equity ratio of 1.05.

Alaska Air Group (NYSE:ALK - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The transportation company reported ($0.77) EPS for the quarter, missing the consensus estimate of ($0.72) by ($0.05). The business had revenue of $3.14 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 40.5% on a year-over-year basis. During the same period last year, the firm posted ($0.92) earnings per share. On average, research analysts forecast that Alaska Air Group, Inc. will post 6.03 earnings per share for the current fiscal 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.

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