Paradoxiom Capital L.P. Takes Position in Alaska Air Group, Inc. (NYSE:ALK)

Paradoxiom Capital L.P. purchased a new position in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 152,232 shares of the transportation company's stock, valued at approximately $9,857,000. Alaska Air Group makes up 4.1% of Paradoxiom Capital L.P.'s investment portfolio, making the stock its 2nd biggest position. Paradoxiom Capital L.P. owned approximately 0.12% of Alaska Air Group as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. Avior Wealth Management LLC grew its holdings 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 valued at $38,000 after purchasing an additional 182 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Alaska Air Group during the 4th quarter worth approximately $52,000. EverSource Wealth Advisors LLC lifted its holdings in Alaska Air Group by 61.6% in the fourth 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 last quarter. Millstone Evans Group LLC acquired a new position in Alaska Air Group in the fourth quarter valued at approximately $76,000. Finally, Smartleaf Asset Management LLC lifted its holdings in Alaska Air Group by 97.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,623 shares of the transportation company's stock valued at $105,000 after acquiring an additional 803 shares during the last quarter. 81.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ALK. Barclays decreased their price target on Alaska Air Group from $62.00 to $55.00 and set an "overweight" rating on the stock in a research note on Friday, April 25th. UBS Group cut Alaska Air Group from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $75.00 to $54.00 in a research note on Monday, April 7th. Citigroup decreased their price target on Alaska Air Group from $83.00 to $81.00 and set a "buy" rating on the stock in a research note on Tuesday, March 18th. JPMorgan Chase & Co. upped their price target 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. Finally, TD Cowen upped 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 research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $66.83.

Insider Buying and Selling

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

Alaska Air Group Stock Performance

Shares of ALK traded down $0.17 during mid-day trading on Monday, hitting $53.48. 1,003,360 shares of the company's stock were exchanged, compared to its average volume of 3,463,782. Alaska Air Group, Inc. has a fifty-two week low of $32.62 and a fifty-two week high of $78.08. The firm has a market capitalization of $6.56 billion, a P/E ratio of 17.53, a P/E/G ratio of 0.43 and a beta of 1.41. The business's 50 day moving average is $48.73 and its two-hundred day moving average is $58.43. 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 issued its earnings results on Wednesday, April 23rd. The transportation company reported ($0.77) earnings per share (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 company had revenue of $3.14 billion during the quarter, compared to analysts' expectations of $3.19 billion. During the same period last year, the business posted ($0.92) earnings per share. The company's quarterly revenue was up 40.5% on a year-over-year basis. On average, equities analysts expect that Alaska Air Group, Inc. will post 6.03 earnings per share for the current year.

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.