CAPROCK Group Inc. purchased a new position in shares of Alaska Air Group, Inc. (NYSE:ALK) in the first quarter, HoldingsChannel.com reports. The fund purchased 3,569 shares of the transportation company’s stock, valued at approximately $200,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. We Are One Seven LLC acquired a new stake in shares of Alaska Air Group during the 4th quarter worth approximately $34,000. North Star Investment Management Corp. acquired a new stake in shares of Alaska Air Group during the 4th quarter worth approximately $49,000. Enlightenment Research LLC acquired a new stake in shares of Alaska Air Group during the 4th quarter worth approximately $61,000. Legacy Financial Advisors Inc. grew its stake in shares of Alaska Air Group by 134.4% during the 4th quarter. Legacy Financial Advisors Inc. now owns 1,261 shares of the transportation company’s stock worth $77,000 after purchasing an additional 723 shares during the period. Finally, Bremer Trust National Association acquired a new stake in shares of Alaska Air Group during the 4th quarter worth approximately $94,000. 88.29% of the stock is owned by institutional investors.
In other Alaska Air Group news, VP Brandon Pedersen sold 4,026 shares of Alaska Air Group stock in a transaction on Friday, March 1st. The shares were sold at an average price of $62.00, for a total transaction of $249,612.00. Following the sale, the vice president now owns 26,524 shares of the company’s stock, valued at approximately $1,644,488. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Christopher Michael Berry sold 750 shares of Alaska Air Group stock in a transaction on Wednesday, February 13th. The stock was sold at an average price of $67.14, for a total transaction of $50,355.00. Following the sale, the vice president now directly owns 1,233 shares in the company, valued at approximately $82,783.62. The disclosure for this sale can be found here. Insiders sold a total of 8,776 shares of company stock worth $551,687 in the last three months. 0.43% of the stock is owned by corporate insiders.
Alaska Air Group stock opened at $60.06 on Tuesday. Alaska Air Group, Inc. has a 1 year low of $53.39 and a 1 year high of $74.83. The firm has a market capitalization of $7.46 billion, a P/E ratio of 13.47 and a beta of 0.81. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.59 and a current ratio of 0.61.
Alaska Air Group (NYSE:ALK) last released its quarterly earnings results on Thursday, January 24th. The transportation company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.02. Alaska Air Group had a net margin of 5.29% and a return on equity of 15.20%. The firm had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter last year, the company earned $0.83 EPS. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, analysts forecast that Alaska Air Group, Inc. will post 6.1 EPS for the current year.
A number of equities research analysts have recently commented on ALK shares. JPMorgan Chase & Co. raised shares of Alaska Air Group from an “underweight” rating to a “neutral” rating and set a $67.00 price objective on the stock in a research note on Thursday, January 10th. Zacks Investment Research raised shares of Alaska Air Group from a “hold” rating to a “buy” rating and set a $67.00 price objective on the stock in a research note on Tuesday, March 5th. Buckingham Research dropped their price objective on shares of Alaska Air Group from $88.00 to $80.00 and set a “buy” rating on the stock in a research note on Friday, March 8th. Imperial Capital reaffirmed an “outperform” rating and set a $90.00 price objective on shares of Alaska Air Group in a research note on Tuesday, January 15th. Finally, Citigroup dropped their price objective on shares of Alaska Air Group from $74.00 to $65.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 6th. Seven analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $76.03.
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Alaska Air Group Company Profile
Alaska Air Group, Inc, through its subsidiaries, provides passengers and cargo air transportation services. It also focuses on providing ground and ramp handling services to airlines. The company operates through three segments: Mainline, Regional, and Horizon. It has a network of approximately 1,200 daily flights to 118 destinations across the United States, Mexico, Canada, and Costa Rica.
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