Alaska Air Group, Inc. (NYSE:ALK) Stock Position Lowered by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC lessened its position in Alaska Air Group, Inc. (NYSE:ALK) by 59.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 19,189 shares of the transportation company’s stock after selling 28,447 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in Alaska Air Group were worth $1,242,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Avior Wealth Management LLC increased its stake in Alaska Air Group by 44.8% in the 4th quarter. Avior Wealth Management LLC now owns 588 shares of the transportation company’s stock valued at $38,000 after buying an additional 182 shares during the period. Pacific Center for Financial Services acquired a new position in Alaska Air Group in the 3rd quarter valued at approximately $45,000. Venturi Wealth Management LLC increased its stake in Alaska Air Group by 86.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,025 shares of the transportation company’s stock valued at $46,000 after buying an additional 474 shares during the period. Pacifica Partners Inc. increased its stake in Alaska Air Group by 952.4% in the 3rd quarter. Pacifica Partners Inc. now owns 1,105 shares of the transportation company’s stock valued at $50,000 after buying an additional 1,000 shares during the period. Finally, True Wealth Design LLC acquired a new position in Alaska Air Group in the 3rd quarter valued at approximately $52,000. Hedge funds and other institutional investors own 81.90% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Melius upgraded shares of Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a research note on Monday, October 28th. Citigroup increased their price target on shares of Alaska Air Group from $63.00 to $74.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. The Goldman Sachs Group increased their price target on shares of Alaska Air Group from $70.00 to $79.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. JPMorgan Chase & Co. increased their price target on shares of Alaska Air Group from $58.00 to $85.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Finally, TD Cowen increased their price target on shares of Alaska Air Group from $85.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. One investment analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, Alaska Air Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.86.

Insider Transactions at Alaska Air Group

In other news, SVP Andrea L. Schneider sold 1,830 shares of the firm’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $73.32, for a total transaction of $134,175.60. Following the completion of the transaction, the senior vice president now directly owns 20,286 shares of the company’s stock, valued at approximately $1,487,369.52. This trade represents a 8.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Emily Halverson sold 1,329 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $64.41, for a total transaction of $85,600.89. Following the transaction, the vice president now directly owns 7,150 shares of the company’s stock, valued at $460,531.50. The trade was a 15.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 137,548 shares of company stock valued at $9,513,807. Company insiders own 0.92% of the company’s stock.

Alaska Air Group Price Performance

Shares of Alaska Air Group stock opened at $75.56 on Wednesday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.61 and a quick ratio of 0.58. Alaska Air Group, Inc. has a fifty-two week low of $32.62 and a fifty-two week high of $75.98. The firm has a fifty day moving average price of $64.58 and a two-hundred day moving average price of $50.13. The company has a market cap of $9.59 billion, a PE ratio of 24.77, a price-to-earnings-growth ratio of 0.66 and a beta of 1.55.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings results on Wednesday, January 22nd. The transportation company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.52. Alaska Air Group had a net margin of 3.37% and a return on equity of 14.66%. Analysts expect that Alaska Air Group, Inc. will post 6.03 EPS 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.