UBS Group AG decreased its holdings in shares of Alaska Air Group, Inc. (NYSE:ALK – Get Rating) by 8.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 357,413 shares of the transportation company’s stock after selling 32,588 shares during the period. UBS Group AG owned approximately 0.28% of Alaska Air Group worth $15,347,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Covestor Ltd boosted its stake in Alaska Air Group by 416.4% during the first quarter. Covestor Ltd now owns 568 shares of the transportation company’s stock valued at $33,000 after buying an additional 458 shares during the period. Capital Advisors Ltd. LLC boosted its stake in Alaska Air Group by 1,873.5% during the fourth quarter. Capital Advisors Ltd. LLC now owns 671 shares of the transportation company’s stock valued at $29,000 after buying an additional 637 shares during the period. First Command Bank boosted its stake in Alaska Air Group by 250.0% during the fourth quarter. First Command Bank now owns 700 shares of the transportation company’s stock valued at $30,000 after buying an additional 500 shares during the period. Eagle Bay Advisors LLC boosted its stake in Alaska Air Group by 207.2% during the third quarter. Eagle Bay Advisors LLC now owns 728 shares of the transportation company’s stock valued at $29,000 after buying an additional 491 shares during the period. Finally, Sittner & Nelson LLC lifted its stake in Alaska Air Group by 300.0% during the fourth 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. Institutional investors own 77.04% of the company’s stock.
Insider Activity at Alaska Air Group
In related news, Director J Kenneth Thompson sold 3,500 shares of the business’s stock in a transaction dated Thursday, March 9th. The stock was sold at an average price of $48.58, for a total transaction of $170,030.00. Following the transaction, the director now owns 29,907 shares in the company, valued at approximately $1,452,882.06. The sale 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 Trading Down 1.3 %
NYSE ALK opened at $44.52 on Friday. Alaska Air Group, Inc. has a 1-year low of $37.19 and a 1-year high of $53.96. The company has a current ratio of 0.64, a quick ratio of 0.62 and a debt-to-equity ratio of 0.49. The stock has a 50-day moving average of $42.23 and a 200-day moving average of $45.42. The firm has a market cap of $5.69 billion, a PE ratio of 96.78, a price-to-earnings-growth ratio of 0.30 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). Alaska Air Group had a net margin of 0.58% and a return on equity of 17.03%. The business had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter in the prior year, the firm earned ($1.33) EPS. The firm’s revenue for the quarter was up 30.6% on a year-over-year basis. As a group, sell-side analysts forecast that Alaska Air Group, Inc. will post 6.3 EPS for the current year.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on ALK. Morgan Stanley lifted their price target on Alaska Air Group from $71.00 to $75.00 in a research note on Monday, April 24th. Susquehanna lifted their price target on Alaska Air Group from $55.00 to $59.00 and gave the stock a “positive” rating in a research note on Thursday, February 2nd. JPMorgan Chase & Co. dropped their price target on Alaska Air Group from $91.00 to $70.00 in a research note on Monday, May 8th. Raymond James raised Alaska Air Group from an “outperform” rating to a “strong-buy” rating and lifted their price target for the stock from $60.00 to $68.00 in a research note on Monday, April 3rd. Finally, Barclays raised Alaska Air Group from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $54.00 to $62.00 in a research note on Friday, March 10th. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $63.86.
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.
See Also
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