Alaska Air Group, Inc. (NYSE:ALK) Shares Purchased by Wellington Management Group LLP

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 its most recent filing with the Securities & Exchange Commission. The fund owned 602,941 shares of the transportation company's stock after acquiring an additional 19,225 shares during the quarter. Wellington Management Group LLP owned approximately 0.49% of Alaska Air Group worth $39,040,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new stake in shares of Alaska Air Group in the 4th quarter worth $52,000. Jones Financial Companies Lllp lifted its holdings in shares of Alaska Air Group by 77.8% in the 4th quarter. Jones Financial Companies Lllp now owns 5,221 shares of the transportation company's stock worth $338,000 after buying an additional 2,284 shares during the period. HighTower Advisors LLC lifted its holdings in shares of Alaska Air Group by 20.6% in the 4th quarter. HighTower Advisors LLC now owns 12,773 shares of the transportation company's stock worth $827,000 after buying an additional 2,186 shares during the period. US Bancorp DE lifted its holdings in shares of Alaska Air Group by 2.9% in the 4th quarter. US Bancorp DE now owns 21,772 shares of the transportation company's stock worth $1,410,000 after buying an additional 612 shares during the period. Finally, Barclays PLC lifted its holdings in shares of Alaska Air Group by 1.8% in the 3rd quarter. Barclays PLC now owns 1,058,564 shares of the transportation company's stock worth $47,857,000 after buying an additional 18,233 shares during the period. Institutional investors own 81.90% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on ALK. UBS Group cut Alaska Air Group from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $75.00 to $54.00 in a report on Monday, April 7th. Susquehanna decreased their price objective on 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. Barclays decreased their price objective 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. TD Cowen upped their price objective 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. Finally, Bank of America decreased their price objective 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. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Alaska Air Group has an average rating of "Moderate Buy" and a consensus target price of $66.83.

Insider Activity

In related news, EVP Andrew R. Harrison sold 7,500 shares of the firm's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $53.51, for a total transaction of $401,325.00. Following the sale, the executive vice president now directly owns 26,530 shares of the company's stock, valued at $1,419,620.30. This trade represents a 22.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.00% of the company's stock.

Alaska Air Group Stock Up 0.4%

NYSE:ALK traded up $0.19 during mid-day trading on Wednesday, hitting $50.94. 561,694 shares of the company's stock traded hands, compared to its average volume of 2,804,242. The company has a fifty day moving average of $48.23 and a 200 day moving average of $58.41. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.58 and a current ratio of 0.61. The company has a market capitalization of $6.25 billion, a P/E ratio of 16.70, a P/E/G ratio of 0.43 and a beta of 1.41. Alaska Air Group, Inc. has a twelve month low of $32.62 and a twelve month high of $78.08.

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

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.