780,036 Shares in Alaska Air Group, Inc. (NYSE:ALK) Acquired by Interval Partners LP

Interval Partners LP bought 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 Form 13F filing with the Securities and Exchange Commission. The firm bought 780,036 shares of the transportation company's stock, valued at approximately $50,507,000. Alaska Air Group makes up about 1.0% of Interval Partners LP's holdings, making the stock its 24th biggest holding. Interval Partners LP owned 0.61% of Alaska Air Group as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ALK. Avior Wealth Management LLC increased its stake in shares of Alaska Air Group by 44.8% in the fourth quarter. Avior Wealth Management LLC now owns 588 shares of the transportation company's stock worth $38,000 after purchasing an additional 182 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in Alaska Air Group in the 4th quarter valued at approximately $52,000. Wilmington Savings Fund Society FSB purchased a new position in Alaska Air Group in the 3rd quarter valued at approximately $59,000. EverSource Wealth Advisors LLC raised its holdings in 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 acquiring an additional 364 shares during the period. Finally, Millstone Evans Group LLC purchased a new stake in shares of Alaska Air Group during the fourth quarter worth $76,000. Hedge funds and other institutional investors own 81.90% of the company's stock.

Alaska Air Group Trading Down 1.6%

ALK stock traded down $0.90 during midday trading on Wednesday, hitting $53.98. The company had a trading volume of 2,613,752 shares, compared to its average volume of 2,742,668. 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 52 week low of $32.62 and a 52 week high of $78.08. The stock has a market cap of $6.63 billion, a price-to-earnings ratio of 17.70, a PEG ratio of 0.43 and a beta of 1.41. The stock's 50 day moving average price is $48.77 and its 200 day moving average price is $58.20.

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. TD Cowen lifted their price target on Alaska Air Group from $54.00 to $62.00 and gave the company a "buy" rating in a research report on Friday, April 25th. Citigroup reduced their target price on Alaska Air Group from $83.00 to $81.00 and set a "buy" rating for the company in a report on Tuesday, March 18th. JPMorgan Chase & Co. increased their price target on shares of Alaska Air Group from $85.00 to $89.00 and gave the stock an "overweight" rating in a report on Monday, March 3rd. Bank of America cut their price objective 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. Finally, Susquehanna lowered their target price on shares of Alaska Air Group from $95.00 to $55.00 and set a "positive" rating on the stock in a research note on Monday, April 7th. One research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Alaska Air Group has a consensus rating of "Moderate Buy" and an average price target of $65.92.

Insider Buying and Selling at Alaska Air Group

In other Alaska Air Group news, COO Muehlen Constance E. Von sold 22,157 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $75.12, for a total value of $1,664,433.84. Following the completion of the transaction, the chief operating officer now owns 20,026 shares in the company, valued at approximately $1,504,353.12. This represents a 52.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Andrew R. Harrison sold 6,600 shares of the firm's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $76.28, for a total value of $503,448.00. Following the transaction, the executive vice president now directly owns 34,030 shares of the company's stock, valued at $2,595,808.40. This represents a 16.24% decrease in their position. The disclosure for this sale can be found here. Insiders sold 28,790 shares of company stock valued at $2,169,537 in the last 90 days. Insiders own 1.00% of the company's stock.

About Alaska Air Group

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.