Alaska Air Group, Inc. (NYSE:ALK) Shares Purchased by swisspartners Advisors Ltd

swisspartners Advisors Ltd increased its position in shares of Alaska Air Group, Inc. (NYSE:ALK) by 3.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 130,209 shares of the transportation company’s stock after purchasing an additional 4,270 shares during the period. Alaska Air Group accounts for about 4.3% of swisspartners Advisors Ltd’s holdings, making the stock its 13th biggest holding. swisspartners Advisors Ltd owned approximately 0.10% of Alaska Air Group worth $5,598,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. CVA Family Office LLC increased its position in Alaska Air Group by 17.1% during the first quarter. CVA Family Office LLC now owns 2,230 shares of the transportation company’s stock worth $96,000 after purchasing an additional 325 shares during the last quarter. Blue Trust Inc. increased its position in shares of Alaska Air Group by 14.2% during the fourth quarter. Blue Trust Inc. now owns 2,868 shares of the transportation company’s stock valued at $106,000 after acquiring an additional 357 shares during the last quarter. Parallel Advisors LLC increased its position in shares of Alaska Air Group by 28.4% during the fourth quarter. Parallel Advisors LLC now owns 1,688 shares of the transportation company’s stock valued at $66,000 after acquiring an additional 373 shares during the last quarter. Gateway Investment Advisers LLC increased its position in shares of Alaska Air Group by 0.3% during the first quarter. Gateway Investment Advisers LLC now owns 153,403 shares of the transportation company’s stock valued at $6,595,000 after acquiring an additional 391 shares during the last quarter. Finally, Private Advisor Group LLC increased its position in shares of Alaska Air Group by 6.8% during the fourth quarter. Private Advisor Group LLC now owns 6,209 shares of the transportation company’s stock valued at $243,000 after acquiring an additional 397 shares during the last quarter. 81.90% of the stock is currently owned by institutional investors and hedge funds.

Alaska Air Group Stock Performance

Shares of Alaska Air Group stock traded up $0.83 during trading on Thursday, reaching $37.90. The company’s stock had a trading volume of 2,620,908 shares, compared to its average volume of 2,173,232. The company has a 50-day moving average price of $41.49 and a two-hundred day moving average price of $39.88. The firm has a market cap of $4.81 billion, a PE ratio of 20.27, a P/E/G ratio of 0.50 and a beta of 1.60. Alaska Air Group, Inc. has a fifty-two week low of $30.75 and a fifty-two week high of $57.18. The company has a current ratio of 0.65, a quick ratio of 0.63 and a debt-to-equity ratio of 0.57.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings data on Thursday, April 18th. The transportation company reported ($0.92) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.09) by $0.17. The company had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.18 billion. Alaska Air Group had a net margin of 2.34% and a return on equity of 13.54%. Alaska Air Group’s revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.62) EPS. On average, analysts forecast that Alaska Air Group, Inc. will post 4.74 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Wolfe Research upgraded shares of Alaska Air Group from a “peer perform” rating to an “outperform” rating and set a $55.00 price target for the company in a research report on Friday, May 17th. Evercore ISI lifted their price target on shares of Alaska Air Group from $55.00 to $65.00 and gave the company an “outperform” rating in a research report on Thursday, April 4th. StockNews.com raised shares of Alaska Air Group from a “sell” rating to a “hold” rating in a research note on Friday, April 19th. Susquehanna raised their price objective on shares of Alaska Air Group from $40.00 to $42.00 and gave the company a “neutral” rating in a research note on Friday, April 19th. Finally, UBS Group started coverage on shares of Alaska Air Group in a research note on Wednesday, March 20th. They issued a “buy” rating and a $54.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Alaska Air Group currently has an average rating of “Moderate Buy” and an average target price of $56.60.

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.