EverSource Wealth Advisors LLC Has $62,000 Position in Alaska Air Group, Inc. (NYSE:ALK)

EverSource Wealth Advisors LLC grew its position in Alaska Air Group, Inc. (NYSE:ALK) by 61.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 955 shares of the transportation company’s stock after buying an additional 364 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Alaska Air Group were worth $62,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in ALK. Victory Capital Management Inc. increased its position in Alaska Air Group by 11.2% during the 3rd quarter. Victory Capital Management Inc. now owns 28,316 shares of the transportation company’s stock worth $1,280,000 after purchasing an additional 2,858 shares in the last quarter. Natixis Advisors LLC increased its position in Alaska Air Group by 54.2% during the 3rd quarter. Natixis Advisors LLC now owns 19,147 shares of the transportation company’s stock worth $866,000 after purchasing an additional 6,734 shares in the last quarter. Quest Partners LLC increased its position in Alaska Air Group by 1,531,200.0% during the 3rd quarter. Quest Partners LLC now owns 15,313 shares of the transportation company’s stock worth $692,000 after purchasing an additional 15,312 shares in the last quarter. Prospera Financial Services Inc increased its position in Alaska Air Group by 9.8% during the 3rd quarter. Prospera Financial Services Inc now owns 7,763 shares of the transportation company’s stock worth $351,000 after purchasing an additional 695 shares in the last quarter. Finally, Landscape Capital Management L.L.C. acquired a new position in Alaska Air Group during the 3rd quarter worth approximately $4,673,000. 81.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on ALK. UBS Group upped their price objective on shares of Alaska Air Group from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Bank of America upped their price objective on shares of Alaska Air Group from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. The Goldman Sachs Group upped their price objective on shares of Alaska Air Group from $70.00 to $79.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Susquehanna upgraded shares of Alaska Air Group from a “neutral” rating to a “positive” rating and set a $95.00 price target for the company in a research report on Tuesday, January 7th. Finally, 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. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, Alaska Air Group currently has an average rating of “Moderate Buy” and an average price target of $77.54.

Insider Buying and Selling

In related news, CEO Joseph A. Sprague sold 9,500 shares of the stock in a transaction on Friday, January 24th. The shares were sold at an average price of $68.90, for a total transaction of $654,550.00. Following the transaction, the chief executive officer now directly owns 9,840 shares of the company’s stock, valued at $677,976. This represents a 49.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Andrew R. Harrison sold 91,745 shares of the stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $71.14, for a total transaction of $6,526,739.30. Following the transaction, the executive vice president now directly owns 20,638 shares in the company, valued at approximately $1,468,187.32. This represents a 81.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 154,725 shares of company stock valued at $11,217,263 over the last ninety days. 0.68% of the stock is owned by corporate insiders.

Alaska Air Group Trading Up 3.1 %

NYSE:ALK opened at $53.96 on Thursday. The firm’s fifty day moving average is $68.04 and its 200-day moving average is $56.80. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.58 and a current ratio of 0.61. Alaska Air Group, Inc. has a 52 week low of $32.62 and a 52 week high of $78.08. The firm has a market cap of $6.64 billion, a P/E ratio of 17.69, a P/E/G ratio of 0.43 and a beta of 1.50.

Alaska Air Group (NYSE:ALK) last posted its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.97 EPS 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%. Equities analysts expect that Alaska Air Group, Inc. will post 6.03 earnings per share for the current year.

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.