11,665 Shares in Alaska Air Group, Inc. (NYSE:ALK) Bought by Toth Financial Advisory Corp

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

A number of other hedge funds and other institutional investors have also modified their holdings of ALK. Wood Tarver Financial Group LLC bought a new stake in shares of Alaska Air Group during the fourth quarter worth approximately $38,000. Perkins Coie Trust Co boosted its holdings in shares of Alaska Air Group by 125.7% during the first quarter. Perkins Coie Trust Co now owns 677 shares of the transportation company's stock worth $33,000 after acquiring an additional 377 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Alaska Air Group during the fourth quarter worth approximately $52,000. EverSource Wealth Advisors LLC boosted its stake 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 buying an additional 364 shares during the period. Finally, Millstone Evans Group LLC bought a new stake in shares of Alaska Air Group in the fourth quarter valued at approximately $76,000. Institutional investors and hedge funds own 81.90% of the company's stock.

Insider Activity at Alaska Air Group

In other news, EVP Andrew R. Harrison sold 7,500 shares of the business's stock in a transaction on Monday, May 19th. The shares were 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 in the company, valued at $1,419,620.30. The trade was a 22.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Emily Halverson sold 2,946 shares of the business's stock in a transaction on Thursday, June 5th. The shares were 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 $423,709.02. This trade represents a 26.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,479 shares of company stock worth $554,228. Corporate insiders own 1.00% of the company's stock.

Wall Street Analyst Weigh In

ALK has been the subject of several recent research reports. Citigroup cut their price target on Alaska Air Group from $83.00 to $81.00 and set a "buy" rating for the company in a research note on Tuesday, March 18th. UBS Group cut Alaska Air Group from a "buy" rating to a "neutral" rating and cut their target price for the stock from $75.00 to $54.00 in a research note on Monday, April 7th. Bank of America cut their target price on Alaska Air Group from $80.00 to $70.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. JPMorgan Chase & Co. upped their target price on Alaska Air Group from $85.00 to $89.00 and gave the stock an "overweight" rating in a research note on Monday, March 3rd. Finally, Barclays cut their target price 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. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $66.83.

Alaska Air Group Trading Down 4.5%

Alaska Air Group stock traded down $2.24 during trading hours on Friday, reaching $47.40. 3,046,461 shares of the company's stock were exchanged, compared to its average volume of 2,847,220. The company has a quick ratio of 0.58, a current ratio of 0.61 and a debt-to-equity ratio of 1.04. The firm's 50 day simple moving average is $48.81 and its 200 day simple moving average is $58.24. Alaska Air Group, Inc. has a twelve month low of $32.62 and a twelve month high of $78.08. The firm has a market capitalization of $5.82 billion, a PE ratio of 15.54, a PEG ratio of 0.43 and a beta of 1.44.

Alaska Air Group (NYSE:ALK - Get Free Report) last released 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). Alaska Air Group had a return on equity of 14.66% and a net margin of 3.37%. The company had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.19 billion. During the same period last year, the company earned ($0.92) EPS. Alaska Air Group's revenue for the quarter was up 40.5% compared to the same quarter last year. Research analysts predict that Alaska Air Group, Inc. will post 6.03 earnings per share 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.