Brighton Jones LLC Grows Stock Position in Alaska Air Group, Inc. (NYSE:ALK)

Brighton Jones LLC increased its holdings in Alaska Air Group, Inc. (NYSE:ALK) by 2,046.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 96,932 shares of the transportation company’s stock after buying an additional 92,416 shares during the quarter. Brighton Jones LLC owned 0.08% of Alaska Air Group worth $6,276,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Avior Wealth Management LLC boosted its stake in shares of Alaska Air Group by 44.8% during the 4th quarter. Avior Wealth Management LLC now owns 588 shares of the transportation company’s stock worth $38,000 after acquiring an additional 182 shares during the last quarter. Pacific Center for Financial Services bought a new position in Alaska Air Group in the 3rd quarter worth $45,000. Venturi Wealth Management LLC lifted its position in Alaska Air Group by 86.0% during the third quarter. Venturi Wealth Management LLC now owns 1,025 shares of the transportation company’s stock valued at $46,000 after purchasing an additional 474 shares in the last quarter. Pacifica Partners Inc. lifted its position in Alaska Air Group by 952.4% during the third quarter. Pacifica Partners Inc. now owns 1,105 shares of the transportation company’s stock valued at $50,000 after purchasing an additional 1,000 shares in the last quarter. Finally, True Wealth Design LLC purchased a new stake in Alaska Air Group in the third quarter worth about $52,000. 81.90% of the stock is currently owned by institutional investors.

Alaska Air Group Stock Performance

Alaska Air Group stock opened at $68.72 on Friday. The company’s 50-day moving average price is $61.44 and its 200-day moving average price is $48.06. The company has a quick ratio of 0.57, a current ratio of 0.60 and a debt-to-equity ratio of 0.93. The company has a market cap of $8.72 billion, a PE ratio of 27.71, a price-to-earnings-growth ratio of 0.61 and a beta of 1.54. Alaska Air Group, Inc. has a twelve month low of $32.62 and a twelve month high of $71.70.

Alaska Air Group (NYSE:ALK) last posted its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.52. Alaska Air Group had a return on equity of 12.81% and a net margin of 2.99%. On average, equities research analysts forecast that Alaska Air Group, Inc. will post 4.37 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, VP Emily Halverson sold 1,329 shares of Alaska Air Group stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $64.41, for a total transaction of $85,600.89. Following the completion of the sale, the vice president now directly owns 7,150 shares in the company, valued at approximately $460,531.50. This trade represents a 15.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Muehlen Constance E. Von sold 4,000 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $63.09, for a total transaction of $252,360.00. Following the sale, the chief operating officer now directly owns 12,162 shares of the company’s stock, valued at $767,300.58. This represents a 24.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,473 shares of company stock valued at $2,198,342 over the last three months. 0.68% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ALK. Evercore ISI lowered their price objective on Alaska Air Group from $60.00 to $55.00 and set an “outperform” rating on the stock in a research report on Thursday, October 3rd. Citigroup upped 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 report on Monday, December 16th. 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 report on Monday, October 28th. Melius Research upgraded Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a research note on Monday, October 28th. Finally, Bank of America boosted their price objective on Alaska Air Group from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, January 17th. One investment analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $72.57.

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.