21,935 Shares in Alaska Air Group, Inc. (NYSE:ALK) Acquired by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC bought a new stake in shares of Alaska Air Group, Inc. (NYSE:ALK) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 21,935 shares of the transportation company’s stock, valued at approximately $1,420,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Cerity Partners LLC lifted its holdings in shares of Alaska Air Group by 360.0% during the 3rd quarter. Cerity Partners LLC now owns 49,672 shares of the transportation company’s stock worth $2,246,000 after acquiring an additional 38,874 shares during the last quarter. Bank of Montreal Can lifted its stake in Alaska Air Group by 54.7% during the third quarter. Bank of Montreal Can now owns 57,577 shares of the transportation company’s stock worth $2,591,000 after purchasing an additional 20,347 shares during the last quarter. FMR LLC boosted its holdings in shares of Alaska Air Group by 32.4% in the 3rd quarter. FMR LLC now owns 1,084,639 shares of the transportation company’s stock worth $49,037,000 after purchasing an additional 265,343 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Alaska Air Group by 5.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 165,979 shares of the transportation company’s stock valued at $7,504,000 after purchasing an additional 8,743 shares during the last quarter. Finally, Captrust Financial Advisors purchased a new position in shares of Alaska Air Group during the 3rd quarter valued at about $395,000. Hedge funds and other institutional investors own 81.90% of the company’s stock.

Alaska Air Group Price Performance

Shares of Alaska Air Group stock opened at $50.16 on Monday. The business has a 50 day moving average of $66.07 and a 200 day moving average of $57.68. Alaska Air Group, Inc. has a 52 week low of $32.62 and a 52 week high of $78.08. The company has a market cap of $6.15 billion, a PE ratio of 16.45, a P/E/G ratio of 0.43 and a beta of 1.50. The company has a quick ratio of 0.58, a current ratio of 0.61 and a debt-to-equity ratio of 1.04.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.45 by $0.52. Alaska Air Group had a net margin of 3.37% and a return on equity of 14.66%. As a group, equities research analysts forecast that Alaska Air Group, Inc. will post 6.03 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Joseph A. Sprague sold 9,500 shares of Alaska Air Group stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $68.90, for a total transaction of $654,550.00. Following the completion of the transaction, the chief executive officer now directly owns 9,840 shares of the company’s stock, valued at $677,976. This trade represents a 49.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Andrea L. Schneider sold 1,830 shares of the company’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $73.32, for a total transaction of $134,175.60. Following the completion of the sale, the senior vice president now owns 20,286 shares in the company, valued at approximately $1,487,369.52. This trade represents a 8.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 154,725 shares of company stock worth $11,217,263 over the last three months. Company insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on ALK shares. The Goldman Sachs Group upped their target price on Alaska Air Group from $70.00 to $79.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Susquehanna raised shares of Alaska Air Group from a “neutral” rating to a “positive” rating and set a $95.00 target price on the stock in a report on Tuesday, January 7th. TD Cowen upped their price target on shares of Alaska Air Group from $85.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Citigroup decreased their price objective on Alaska Air Group from $83.00 to $81.00 and set a “buy” rating on the stock in a report on Tuesday, March 18th. Finally, JPMorgan Chase & Co. raised their price target on Alaska Air Group from $85.00 to $89.00 and gave the stock an “overweight” rating in a research report on Monday, March 3rd. One research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $77.00.

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.