Universal Beteiligungs und Servicegesellschaft mbH Takes $3.94 Million Position in Alaska Air Group, Inc. (NYSE:ALK)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 60,824 shares of the transportation company's stock, valued at approximately $3,938,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its position in shares of Alaska Air Group by 40.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 8,105 shares of the transportation company's stock valued at $525,000 after purchasing an additional 2,320 shares during the period. Brighton Jones LLC lifted its holdings in Alaska Air Group by 2,046.4% in the 4th quarter. Brighton Jones LLC now owns 96,932 shares of the transportation company's stock valued at $6,276,000 after acquiring an additional 92,416 shares during the last quarter. Caprock Group LLC acquired a new position in shares of Alaska Air Group in the 4th quarter worth approximately $203,000. Chicago Partners Investment Group LLC bought a new position in shares of Alaska Air Group in the fourth quarter valued at $255,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. boosted its position in shares of Alaska Air Group by 0.3% in the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 104,465 shares of the transportation company's stock valued at $6,764,000 after purchasing an additional 345 shares during the period. Institutional investors and hedge funds own 81.90% of the company's stock.

Alaska Air Group Stock Performance

ALK stock traded down $0.11 during trading on Tuesday, reaching $50.79. 2,758,518 shares of the stock were exchanged, compared to its average volume of 2,808,308. The stock has a 50 day simple moving average of $48.26 and a 200-day simple moving average of $58.47. The company has a current ratio of 0.61, a quick ratio of 0.58 and a debt-to-equity ratio of 1.04. 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 $6.23 billion, a P/E ratio of 16.65, a price-to-earnings-growth ratio of 0.43 and a beta of 1.41.

Alaska Air Group (NYSE:ALK - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The transportation company reported ($0.77) EPS for the quarter, missing analysts' consensus estimates of ($0.72) by ($0.05). Alaska Air Group had a net margin of 3.37% and a return on equity of 14.66%. The firm had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.19 billion. During the same quarter in the previous year, the company posted ($0.92) earnings per share. The business's revenue for the quarter was up 40.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Alaska Air Group, Inc. will post 6.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ALK has been the topic of several recent analyst reports. Bank of America dropped their price target on Alaska Air Group from $80.00 to $70.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. Citigroup cut 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 report on Tuesday, March 18th. Susquehanna reduced their target price 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. UBS Group lowered shares of Alaska Air Group from a "buy" rating to a "neutral" rating and dropped their price target for the company from $75.00 to $54.00 in a research report 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 report on Friday, April 25th. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, Alaska Air Group has a consensus rating of "Moderate Buy" and an average target price of $66.83.

Insider Buying and Selling 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 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. The trade was a 22.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.00% of the company's stock.

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.