U S Global Investors Inc. Has $21.05 Million Stake in Alaska Air Group, Inc. (NYSE:ALK)

U S Global Investors Inc. lowered its holdings in Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 18.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 427,560 shares of the transportation company's stock after selling 97,571 shares during the quarter. Alaska Air Group makes up about 2.8% of U S Global Investors Inc.'s investment portfolio, making the stock its 8th largest holding. U S Global Investors Inc. owned approximately 0.35% of Alaska Air Group worth $21,045,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in ALK. FMR LLC increased its position in shares of Alaska Air Group by 328.7% during the fourth 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 during the period. Point72 Asset Management L.P. grew its holdings in shares of Alaska Air Group by 134.0% during the 4th 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 period. Adage Capital Partners GP L.L.C. raised its position in shares of Alaska Air Group by 4,615.3% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 943,064 shares of the transportation company's stock worth $61,063,000 after acquiring an additional 923,064 shares in the last quarter. Candlestick Capital Management LP bought a new position in shares of Alaska Air Group in the 4th quarter worth approximately $51,306,000. Finally, Interval Partners LP purchased a new position in shares of Alaska Air Group in the 4th quarter valued at approximately $50,507,000. 81.90% of the stock is currently owned by institutional investors.

Insider Activity at Alaska Air Group

In related news, EVP Andrew R. Harrison sold 7,500 shares of the firm's stock in a transaction that occurred 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 sale, the executive vice president now owns 26,530 shares in the company, valued at approximately $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 SEC, which can be accessed through the SEC website. 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 sale, 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 disclosure for this sale can be found here. Insiders have sold 10,479 shares of company stock valued at $554,228 over the last ninety days. Insiders own 1.00% of the company's stock.

Alaska Air Group Stock Up 0.8%

Shares of NYSE:ALK traded up $0.38 during trading on Friday, reaching $49.39. 4,241,734 shares of the stock traded hands, compared to its average volume of 2,888,399. The stock has a market cap of $6.06 billion, a P/E ratio of 17.96, a price-to-earnings-growth ratio of 0.50 and a beta of 1.44. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.52 and a current ratio of 0.56. The stock has a 50-day moving average of $49.27 and a two-hundred day moving average of $57.81. Alaska Air Group, Inc. has a 52-week low of $32.62 and a 52-week high of $78.08.

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 the consensus estimate of ($0.72) by ($0.05). The business had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.19 billion. Alaska Air Group had a net margin of 2.86% and a return on equity of 15.01%. The business's revenue was up 40.5% compared to the same quarter last year. During the same period last year, the company posted ($0.92) earnings per share. As a group, sell-side analysts expect that Alaska Air Group, Inc. will post 6.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ALK has been the topic of several recent research reports. JPMorgan Chase & Co. upped their price target 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. Susquehanna decreased their price target on shares of Alaska Air Group from $95.00 to $55.00 and set a "positive" rating for the company in a research note on Monday, April 7th. Bank of America lowered 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 research report on Thursday, April 3rd. Barclays dropped their price objective 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. Finally, Citigroup decreased their target price on shares of 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. 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, Alaska Air Group has a consensus rating of "Moderate Buy" and an average target price of $66.83.

Alaska Air Group Company 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.