Executive Wealth Group LLC Boosts Stock Position in Alaska Air Group, Inc. (NYSE:ALK)

Executive Wealth Group LLC boosted its position in shares of Alaska Air Group, Inc. (NYSE:ALK) by 25.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,971 shares of the transportation company’s stock after acquiring an additional 2,851 shares during the quarter. Executive Wealth Group LLC’s holdings in Alaska Air Group were worth $546,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ALK. Jade Capital Advisors LLC purchased a new position in shares of Alaska Air Group in the 4th quarter valued at about $1,954,000. Pinebridge Investments L.P. purchased a new stake in shares of Alaska Air Group during the 4th quarter worth $1,144,000. International Assets Investment Management LLC grew its stake in shares of Alaska Air Group by 1,676.8% during the fourth quarter. International Assets Investment Management LLC now owns 149,089 shares of the transportation company’s stock worth $58,250,000 after purchasing an additional 140,698 shares in the last quarter. Wellington Management Group LLP increased its holdings in Alaska Air Group by 16.3% in the third quarter. Wellington Management Group LLP now owns 2,554,257 shares of the transportation company’s stock valued at $94,712,000 after buying an additional 358,749 shares during the last quarter. Finally, Louisiana State Employees Retirement System acquired a new stake in Alaska Air Group in the fourth quarter valued at $2,813,000. 81.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on ALK shares. Susquehanna boosted their target price on Alaska Air Group from $40.00 to $42.00 and gave the stock a “neutral” rating in a research note on Friday, April 19th. TD Cowen upped their target price on shares of Alaska Air Group from $49.00 to $58.00 and gave the company a “buy” rating in a report on Friday, April 19th. Evercore ISI lifted their price target on shares of Alaska Air Group from $55.00 to $65.00 and gave the stock an “outperform” rating in a research note on Thursday, April 4th. Bank of America upped their price objective on shares of Alaska Air Group from $50.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Finally, UBS Group started coverage on Alaska Air Group in a research report on Wednesday, March 20th. They set a “buy” rating and a $54.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, Alaska Air Group presently has an average rating of “Moderate Buy” and an average target price of $56.60.

Alaska Air Group Trading Up 0.9 %

NYSE ALK traded up $0.38 during mid-day trading on Monday, hitting $40.71. The company’s stock had a trading volume of 461,536 shares, compared to its average volume of 2,212,812. Alaska Air Group, Inc. has a 52-week low of $30.75 and a 52-week high of $57.18. The stock’s fifty day simple moving average is $42.70 and its two-hundred day simple moving average is $39.63. The firm has a market capitalization of $5.17 billion, a P/E ratio of 21.57, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.65 and a quick ratio of 0.63.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings data on Thursday, April 18th. The transportation company reported ($0.92) EPS for the quarter, topping analysts’ consensus estimates of ($1.09) by $0.17. The firm had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.18 billion. Alaska Air Group had a net margin of 2.34% and a return on equity of 13.54%. The firm’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.62) EPS. Research analysts expect that Alaska Air Group, Inc. will post 4.69 EPS for the current year.

Alaska Air Group Company Profile

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.