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

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

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wood Tarver Financial Group LLC acquired a new position in shares of Alaska Air Group in the fourth quarter valued at $38,000. Perkins Coie Trust Co increased its holdings in shares of Alaska Air Group by 125.7% in the first quarter. Perkins Coie Trust Co now owns 677 shares of the transportation company's stock valued at $33,000 after purchasing an additional 377 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Alaska Air Group in the fourth quarter valued at $52,000. EverSource Wealth Advisors LLC increased its holdings in shares of Alaska Air Group by 61.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 955 shares of the transportation company's stock valued at $62,000 after purchasing an additional 364 shares during the last quarter. Finally, Millstone Evans Group LLC acquired a new position in shares of Alaska Air Group in the fourth quarter valued at $76,000. 81.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ALK has been the topic of several research reports. Bank of America decreased their price objective 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. UBS Group downgraded shares of Alaska Air Group from a "buy" rating to a "neutral" rating and decreased their price target for the company from $75.00 to $54.00 in a research note on Monday, April 7th. Barclays decreased their price target on shares of Alaska Air Group from $62.00 to $55.00 and set an "overweight" rating on the stock in a research note on Friday, April 25th. Susquehanna decreased their price target on shares of Alaska Air Group from $95.00 to $55.00 and set a "positive" rating on the stock in a research note on Monday, April 7th. Finally, TD Cowen upped their price target on shares of Alaska Air Group from $54.00 to $62.00 and gave the company a "buy" rating in a research note on Friday, April 25th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Alaska Air Group currently has an average rating of "Moderate Buy" and a consensus price target of $66.83.

Insider Transactions at Alaska Air Group

In other news, VP Emily Halverson sold 2,946 shares of the stock in a transaction dated Thursday, June 5th. The shares were 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 now owns 8,253 shares of the company's stock, valued at approximately $423,709.02. This represents a 26.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Andrew R. Harrison sold 7,500 shares of the 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 transaction, the executive vice president now directly owns 26,530 shares of the company's stock, valued at $1,419,620.30. This trade represents a 22.04% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,479 shares of company stock valued at $554,228. 1.00% of the stock is currently owned by insiders.

Alaska Air Group Trading Up 2.7%

Shares of Alaska Air Group stock opened at $48.74 on Tuesday. The company has a market capitalization of $5.98 billion, a price-to-earnings ratio of 15.98, a PEG ratio of 0.43 and a beta of 1.44. The company has a quick ratio of 0.58, a current ratio of 0.61 and a debt-to-equity ratio of 1.04. Alaska Air Group, Inc. has a 12-month low of $32.62 and a 12-month high of $78.08. The firm's 50-day moving average price is $48.97 and its two-hundred day moving average price is $58.29.

Alaska Air Group (NYSE:ALK - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The transportation company reported ($0.77) earnings per share (EPS) 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 analyst estimates of $3.19 billion. Alaska Air Group had a return on equity of 14.66% and a net margin of 3.37%. The company's quarterly revenue was up 40.5% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.92) earnings per share. On average, analysts forecast that Alaska Air Group, Inc. will post 6.03 earnings per share for the current fiscal year.

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.

Want to see what other hedge funds are holding ALK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alaska Air Group, Inc. (NYSE:ALK - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.