UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $12.13 Million Stock Position in Alaska Air Group, Inc. (NYSE:ALK)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 12.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 187,305 shares of the transportation company's stock after purchasing an additional 21,326 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.15% of Alaska Air Group worth $12,128,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Voloridge Investment Management LLC lifted its holdings in shares of Alaska Air Group by 22.1% during the fourth quarter. Voloridge Investment Management LLC now owns 973,956 shares of the transportation company's stock valued at $63,064,000 after purchasing an additional 176,576 shares during the last quarter. Vident Advisory LLC lifted its stake in Alaska Air Group by 10.7% during the fourth quarter. Vident Advisory LLC now owns 5,817 shares of the transportation company's stock valued at $377,000 after buying an additional 562 shares in the last quarter. Semper Augustus Investments Group LLC lifted its stake in Alaska Air Group by 0.6% during the fourth quarter. Semper Augustus Investments Group LLC now owns 350,075 shares of the transportation company's stock valued at $22,667,000 after buying an additional 2,211 shares in the last quarter. Point72 Asset Management L.P. boosted its holdings 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 buying an additional 1,222,277 shares during the period. Finally, Point72 Hong Kong Ltd increased its position in shares of Alaska Air Group by 95.9% in the fourth quarter. Point72 Hong Kong Ltd now owns 37,566 shares of the transportation company's stock worth $2,432,000 after acquiring an additional 18,388 shares in the last quarter. Institutional investors and hedge funds own 81.90% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. increased their price objective 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 dropped their target price on Alaska Air Group from $95.00 to $55.00 and set a "positive" rating on the stock in a report on Monday, April 7th. UBS Group lowered shares of Alaska Air Group from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $75.00 to $54.00 in a research report on Monday, April 7th. Citigroup lowered their price objective on shares of Alaska Air Group from $83.00 to $81.00 and set a "buy" rating on the stock in a research report on Tuesday, March 18th. Finally, TD Cowen upped their price objective 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 issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $66.83.

Alaska Air Group Price Performance

Shares of NYSE:ALK traded up $0.40 on Wednesday, hitting $51.15. The stock had a trading volume of 1,861,138 shares, compared to its average volume of 2,813,187. The firm's 50 day moving average price is $48.25 and its 200-day moving average price is $58.36. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.58 and a current ratio of 0.61. Alaska Air Group, Inc. has a twelve month low of $32.62 and a twelve month high of $78.08. The company has a market capitalization of $6.28 billion, a price-to-earnings ratio of 16.77, a price-to-earnings-growth ratio of 0.43 and a beta of 1.41.

Alaska Air Group (NYSE:ALK - Get Free Report) last posted its quarterly earnings data 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). Alaska Air Group had a return on equity of 14.66% and a net margin of 3.37%. The firm had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.19 billion. The business's quarterly revenue was up 40.5% on a year-over-year basis. During the same period in the previous year, the business posted ($0.92) EPS. On average, equities research analysts predict that Alaska Air Group, Inc. will post 6.03 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Andrew R. Harrison sold 7,500 shares of the stock in a transaction on Monday, May 19th. The stock was sold at an average price of $53.51, for a total value of $401,325.00. Following the transaction, the executive vice president now owns 26,530 shares of the company's stock, valued at $1,419,620.30. This represents a 22.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

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.