Lesa Sroufe & Co Acquires Shares of 35,483 Alaska Air Group, Inc. (NYSE:ALK)

Lesa Sroufe & Co acquired a new position in Alaska Air Group, Inc. (NYSE:ALK - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 35,483 shares of the transportation company's stock, valued at approximately $1,746,000. Alaska Air Group accounts for approximately 1.7% of Lesa Sroufe & Co's investment portfolio, making the stock its 25th biggest position.

Several other institutional investors have also added to or reduced their stakes in the company. FMR LLC grew its stake in Alaska Air Group by 328.7% in the fourth quarter. FMR LLC now owns 4,649,388 shares of the transportation company's stock worth $301,048,000 after purchasing an additional 3,564,749 shares in the last quarter. Point72 Asset Management L.P. grew its holdings in Alaska Air Group by 134.0% in the fourth quarter. Point72 Asset Management L.P. now owns 2,134,221 shares of the transportation company's stock worth $138,191,000 after purchasing an additional 1,222,277 shares during the last quarter. Adage Capital Partners GP L.L.C. increased its position in Alaska Air Group by 4,615.3% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 943,064 shares of the transportation company's stock valued at $61,063,000 after buying an additional 923,064 shares in the last quarter. Candlestick Capital Management LP purchased a new position in shares of Alaska Air Group in the 4th quarter valued at approximately $51,306,000. Finally, Interval Partners LP purchased a new stake in shares of Alaska Air Group during the fourth quarter valued at $50,507,000. Institutional investors own 81.90% of the company's stock.

Insider Buying and Selling

In other news, EVP Andrew R. Harrison sold 7,500 shares of Alaska Air Group 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 sale, the executive vice president now owns 26,530 shares in the company, valued at $1,419,620.30. This trade represents a 22.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Emily Halverson sold 2,946 shares of the company's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $51.34, for a total transaction of $151,247.64. Following the transaction, the vice president now owns 8,253 shares of the company's stock, valued at approximately $423,709.02. This trade represents a 26.31% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,479 shares of company stock valued at $554,228. 1.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. upped their target price on Alaska Air Group from $85.00 to $89.00 and gave the company an "overweight" rating in a research report on Monday, March 3rd. TD Cowen boosted 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. Citigroup lowered their price target on shares of Alaska Air Group from $83.00 to $81.00 and set a "buy" rating on the stock in a report on Tuesday, March 18th. Barclays reduced their price objective 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, UBS Group cut Alaska Air Group from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $75.00 to $54.00 in a report on Monday, April 7th. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $66.83.

Alaska Air Group Price Performance

NYSE ALK traded up $0.04 during trading hours on Friday, reaching $46.91. The company's stock had a trading volume of 2,723,010 shares, compared to its average volume of 2,857,478. The firm has a market capitalization of $5.76 billion, a price-to-earnings ratio of 17.06, a P/E/G ratio of 0.48 and a beta of 1.44. The company's 50-day moving average is $48.87 and its two-hundred day moving average is $58.09. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.56 and a quick ratio of 0.52. Alaska Air Group, Inc. has a 1-year low of $32.62 and a 1-year high of $78.08.

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