Toth Financial Advisory Corp Buys New Position in Alaska Air Group, Inc. (NYSE:ALK)

Toth Financial Advisory Corp bought a new stake in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 11,665 shares of the transportation company's stock, valued at approximately $574,000.

Other hedge funds have also recently modified their holdings of the company. FMR LLC increased its position in Alaska Air Group by 328.7% during the 4th quarter. FMR LLC now owns 4,649,388 shares of the transportation company's stock valued at $301,048,000 after buying an additional 3,564,749 shares in the last quarter. Point72 Asset Management L.P. grew its stake in shares of 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 acquiring an additional 1,222,277 shares during the last quarter. Adage Capital Partners GP L.L.C. increased its holdings in shares of Alaska Air Group by 4,615.3% during the fourth 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 acquiring 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 worth about $51,306,000. Finally, Interval Partners LP purchased a new position in shares of Alaska Air Group in the 4th quarter worth about $50,507,000. Institutional investors own 81.90% of the company's stock.

Insider Activity

In related news, 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 sale, the executive vice president now owns 26,530 shares of the company's stock, 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 Alaska Air Group 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 in the company, valued at $423,709.02. This trade represents a 26.31% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,479 shares of company stock worth $554,228. Corporate insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ALK. JPMorgan Chase & Co. raised their price objective on shares of Alaska Air Group from $85.00 to $89.00 and gave the company an "overweight" rating in a research note on Monday, March 3rd. Citigroup cut 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. Susquehanna decreased their price objective on shares of Alaska Air Group from $95.00 to $55.00 and set a "positive" rating for the company in a report on Monday, April 7th. UBS Group cut Alaska Air Group from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $75.00 to $54.00 in a research report on Monday, April 7th. Finally, TD Cowen lifted their target price on Alaska Air Group from $54.00 to $62.00 and gave the stock a "buy" rating in a report on Friday, April 25th. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $66.83.

Alaska Air Group Trading Down 0.3%

ALK stock traded down $0.14 during mid-day trading on Tuesday, reaching $51.59. The company had a trading volume of 2,644,887 shares, compared to its average volume of 2,825,891. The company has a market capitalization of $6.33 billion, a PE ratio of 16.91, a price-to-earnings-growth ratio of 0.43 and a beta of 1.44. The firm has a 50 day moving average of $48.35 and a 200 day moving average of $58.42. Alaska Air Group, Inc. has a 12 month low of $32.62 and a 12 month high of $78.08. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.61 and a quick ratio of 0.58.

Alaska Air Group (NYSE:ALK - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The transportation company reported ($0.77) earnings per share for the quarter, missing the consensus estimate of ($0.72) by ($0.05). The firm had revenue of $3.14 billion during the quarter, compared to analysts' expectations of $3.19 billion. Alaska Air Group had a return on equity of 14.66% and a net margin of 3.37%. Alaska Air Group's quarterly revenue was up 40.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.92) earnings per share. On average, equities analysts predict 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.