Wellington Management Group LLP Buys 19,225 Shares of Alaska Air Group, Inc. (NYSE:ALK)

Wellington Management Group LLP raised its holdings in Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 3.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 602,941 shares of the transportation company's stock after acquiring an additional 19,225 shares during the period. Wellington Management Group LLP owned approximately 0.49% of Alaska Air Group worth $39,040,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Wood Tarver Financial Group LLC bought a new position in Alaska Air Group in the fourth quarter valued at $38,000. SBI Securities Co. Ltd. bought a new position in shares of Alaska Air Group during the 4th quarter valued at about $52,000. EverSource Wealth Advisors LLC raised its holdings in shares of Alaska Air Group by 61.6% during the 4th 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 in the last quarter. Millstone Evans Group LLC bought a new stake in Alaska Air Group in the 4th quarter worth approximately $76,000. Finally, Garde Capital Inc. purchased a new stake in Alaska Air Group in the fourth quarter worth approximately $101,000. Institutional investors own 81.90% of the company's stock.

Insider Buying and Selling

In other news, EVP Andrew R. Harrison sold 7,500 shares of the business's 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 completion of the transaction, the executive vice president now owns 26,530 shares in the company, valued at $1,419,620.30. The trade was a 22.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is currently owned by company insiders.

Alaska Air Group Price Performance

Shares of NYSE ALK remained flat at $50.93 on Monday. 2,628,025 shares of the company's stock were exchanged, compared to its average volume of 2,808,408. The company has a 50 day moving average of $48.32 and a 200 day moving average of $58.49. Alaska Air Group, Inc. has a fifty-two week low of $32.62 and a fifty-two week high of $78.08. The stock has a market cap of $6.25 billion, a P/E ratio of 16.70, a price-to-earnings-growth ratio of 0.43 and a beta of 1.41. 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 (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 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 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 business earned ($0.92) EPS. The firm's quarterly revenue was up 40.5% on a year-over-year basis. Analysts forecast that Alaska Air Group, Inc. will post 6.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ALK. Barclays lowered their price objective on shares of Alaska Air Group from $62.00 to $55.00 and set an "overweight" rating for the company in a report on Friday, April 25th. Susquehanna cut 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 report on Monday, April 7th. Citigroup decreased their price objective on Alaska Air Group from $83.00 to $81.00 and set a "buy" rating on the stock in a report on Tuesday, March 18th. UBS Group cut Alaska Air Group from a "buy" rating to a "neutral" rating and dropped their target price for the company from $75.00 to $54.00 in a report on Monday, April 7th. Finally, TD Cowen lifted their price target on Alaska Air Group from $54.00 to $62.00 and gave the stock 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 given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $66.83.

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.