Hourglass Capital LLC purchased a new position in shares of Alaska Air Group, Inc. (NYSE:ALK – Get Rating) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 27,132 shares of the transportation company’s stock, valued at approximately $1,165,000.
Several other large investors also recently bought and sold shares of ALK. Eagle Bay Advisors LLC increased its holdings in Alaska Air Group by 207.2% during the 3rd quarter. Eagle Bay Advisors LLC now owns 728 shares of the transportation company’s stock worth $29,000 after purchasing an additional 491 shares during the period. Capital Advisors Ltd. LLC lifted its position in shares of Alaska Air Group by 1,873.5% during the 4th quarter. Capital Advisors Ltd. LLC now owns 671 shares of the transportation company’s stock worth $29,000 after purchasing an additional 637 shares during the last quarter. First Command Bank lifted its position in shares of Alaska Air Group by 250.0% during the 4th quarter. First Command Bank now owns 700 shares of the transportation company’s stock worth $30,000 after purchasing an additional 500 shares during the last quarter. Covestor Ltd lifted its position in shares of Alaska Air Group by 416.4% during the 1st quarter. Covestor Ltd now owns 568 shares of the transportation company’s stock worth $33,000 after purchasing an additional 458 shares during the last quarter. Finally, Sittner & Nelson LLC lifted its position in shares of Alaska Air Group by 300.0% during the 4th quarter. Sittner & Nelson LLC now owns 800 shares of the transportation company’s stock worth $34,000 after purchasing an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 77.04% of the company’s stock.
Analysts Set New Price Targets
ALK has been the topic of several recent analyst reports. Wolfe Research lowered shares of Alaska Air Group from an “outperform” rating to a “peer perform” rating in a research note on Friday, January 27th. JPMorgan Chase & Co. dropped their price target on shares of Alaska Air Group from $91.00 to $70.00 in a research note on Monday. Raymond James upgraded shares of Alaska Air Group from an “outperform” rating to a “strong-buy” rating and increased their price target for the company from $60.00 to $68.00 in a research note on Monday, April 3rd. Susquehanna increased their price target on shares of Alaska Air Group from $55.00 to $59.00 and gave the company a “positive” rating in a research note on Thursday, February 2nd. Finally, Morgan Stanley increased their price target on shares of Alaska Air Group from $71.00 to $75.00 in a research note on Monday, April 24th. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $63.86.
Alaska Air Group Stock Performance
ALK traded down $0.31 during trading on Friday, reaching $42.74. The company’s stock had a trading volume of 166,464 shares, compared to its average volume of 1,612,258. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.62 and a current ratio of 0.64. The company’s fifty day moving average price is $42.71 and its 200-day moving average price is $45.39. Alaska Air Group, Inc. has a 52-week low of $37.19 and a 52-week high of $53.96. The company has a market capitalization of $5.45 billion, a price-to-earnings ratio of 93.59, a price-to-earnings-growth ratio of 0.28 and a beta of 1.51.
Alaska Air Group (NYSE:ALK – Get Rating) last announced its quarterly earnings results on Thursday, April 20th. The transportation company reported ($0.62) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.14). The company had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.19 billion. Alaska Air Group had a net margin of 0.58% and a return on equity of 17.03%. The business’s revenue for the quarter was up 30.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($1.33) EPS. On average, equities analysts forecast that Alaska Air Group, Inc. will post 6.3 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Alaska Air Group news, Director J Kenneth Thompson sold 3,500 shares of the business’s stock in a transaction on Thursday, March 9th. The stock was sold at an average price of $48.58, for a total transaction of $170,030.00. Following the sale, the director now directly owns 29,907 shares in the company, valued at $1,452,882.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.68% of the stock is owned by company insiders.
Alaska Air Group Company Profile
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Alaska Air Group, Inc is a holding company, which engages in the provision of air transportation services. It operates through the following segments: Mainline, Regional, and Horizon. The Mainline segment includes scheduled air transportation on Alaska’s Boeing and Airbus jet aircraft for passengers and cargo throughout the U.S., and in parts of Mexico, Costa Rica and Belize.
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