Capital Performance Advisors LLP Purchases 1,635 Shares of Alaska Air Group, Inc. (NYSE:ALK)

Capital Performance Advisors LLP lifted its position in shares of Alaska Air Group, Inc. (NYSE:ALK) by 110.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,118 shares of the transportation company’s stock after acquiring an additional 1,635 shares during the quarter. Capital Performance Advisors LLP’s holdings in Alaska Air Group were worth $202,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in ALK. Avior Wealth Management LLC raised its holdings in shares of 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 acquiring an additional 182 shares in the last quarter. Savant Capital LLC raised its holdings in shares of Alaska Air Group by 3.4% during the 4th quarter. Savant Capital LLC now owns 6,284 shares of the transportation company’s stock valued at $407,000 after buying an additional 206 shares in the last quarter. Verdence Capital Advisors LLC raised its holdings in shares of Alaska Air Group by 2.2% during the 3rd quarter. Verdence Capital Advisors LLC now owns 10,180 shares of the transportation company’s stock valued at $460,000 after buying an additional 215 shares in the last quarter. QRG Capital Management Inc. raised its holdings in shares of Alaska Air Group by 2.7% during the 3rd quarter. QRG Capital Management Inc. now owns 9,271 shares of the transportation company’s stock valued at $419,000 after buying an additional 242 shares in the last quarter. Finally, Greenleaf Trust raised its holdings in shares of Alaska Air Group by 5.1% during the 4th quarter. Greenleaf Trust now owns 5,283 shares of the transportation company’s stock valued at $342,000 after buying an additional 258 shares in the last quarter. Institutional investors own 81.90% of the company’s stock.

Insiders Place Their Bets

In other Alaska Air Group news, CFO Shane R. Tackett sold 22,893 shares of the business’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $75.74, for a total value of $1,733,915.82. Following the sale, the chief financial officer now directly owns 31,873 shares of the company’s stock, valued at approximately $2,414,061.02. The trade was a 41.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, 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 stock was sold at an average price of $63.09, for a total value of $252,360.00. Following the completion of the sale, the chief operating officer now directly owns 12,162 shares in the company, valued at $767,300.58. This trade represents a 24.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 160,441 shares of company stock valued at $11,247,722. 0.68% of the stock is currently owned by corporate insiders.

Alaska Air Group Trading Up 4.3 %

NYSE ALK opened at $75.65 on Monday. 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, Inc. has a twelve month low of $32.62 and a twelve month high of $76.45. The firm has a market capitalization of $9.60 billion, a PE ratio of 24.80, a P/E/G ratio of 0.67 and a beta of 1.55. The stock’s 50 day moving average is $67.91 and its 200 day moving average is $52.15.

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

Analyst Ratings Changes

A number of equities analysts recently weighed in on ALK shares. Melius Research raised Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a report on Monday, October 28th. TD Cowen lifted their price target on Alaska Air Group from $85.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Susquehanna raised Alaska Air Group from a “neutral” rating to a “positive” rating and set a $95.00 price target on the stock in a research note on Tuesday, January 7th. Morgan Stanley lifted their price target on Alaska Air Group from $70.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Finally, Citigroup lifted their price target on Alaska Air Group from $63.00 to $74.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. One equities research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $74.86.

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.