4,056 Shares in Alaska Air Group, Inc. (NYSE:ALK) Bought by Prospera Financial Services Inc

Prospera Financial Services Inc bought a new position in shares of Alaska Air Group, Inc. (NYSE:ALKGet Rating) in the 1st quarter, HoldingsChannel reports. The institutional investor bought 4,056 shares of the transportation company’s stock, valued at approximately $235,000.

Several other institutional investors have also recently made changes to their positions in ALK. Stephens Inc. AR increased its holdings in Alaska Air Group by 86.0% in the first quarter. Stephens Inc. AR now owns 7,438 shares of the transportation company’s stock valued at $431,000 after buying an additional 3,438 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Alaska Air Group by 9.3% in the first quarter. Victory Capital Management Inc. now owns 6,341,707 shares of the transportation company’s stock valued at $367,863,000 after buying an additional 539,580 shares in the last quarter. swisspartners Advisors Ltd increased its holdings in Alaska Air Group by 7.2% in the first quarter. swisspartners Advisors Ltd now owns 125,739 shares of the transportation company’s stock valued at $7,292,000 after buying an additional 8,465 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of Alaska Air Group by 138.3% in the first quarter. Envestnet Asset Management Inc. now owns 40,992 shares of the transportation company’s stock valued at $2,378,000 after purchasing an additional 23,793 shares during the period. Finally, Versor Investments LP grew its position in shares of Alaska Air Group by 50.2% in the first quarter. Versor Investments LP now owns 9,272 shares of the transportation company’s stock valued at $538,000 after purchasing an additional 3,098 shares during the period. Hedge funds and other institutional investors own 72.26% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on ALK shares. JPMorgan Chase & Co. lifted their target price on shares of Alaska Air Group from $97.00 to $103.00 and gave the company an “overweight” rating in a research report on Friday, April 22nd. Evercore ISI lowered their price target on shares of Alaska Air Group from $80.00 to $70.00 and set an “outperform” rating on the stock in a research report on Monday, June 27th. Susquehanna Bancshares lowered their price target on shares of Alaska Air Group from $68.00 to $50.00 and set a “positive” rating on the stock in a research report on Tuesday, July 12th. Susquehanna lowered their price target on shares of Alaska Air Group from $68.00 to $50.00 and set a “positive” rating on the stock in a research report on Tuesday, July 12th. Finally, Barclays lowered their price target on shares of Alaska Air Group from $61.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 12th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, Alaska Air Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.44.

Insiders Place Their Bets

In other news, EVP Andrew R. Harrison sold 2,267 shares of the business’s stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $44.13, for a total value of $100,042.71. Following the sale, the executive vice president now directly owns 14,152 shares of the company’s stock, valued at approximately $624,527.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Alaska Air Group news, CFO Shane R. Tackett sold 2,000 shares of the business’s stock in a transaction dated Thursday, June 9th. The shares were sold at an average price of $46.97, for a total transaction of $93,940.00. Following the sale, the chief financial officer now directly owns 9,966 shares in the company, valued at $468,103.02. 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 2,267 shares of the stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $44.13, for a total transaction of $100,042.71. Following the sale, the executive vice president now directly owns 14,152 shares in the company, valued at approximately $624,527.76. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by insiders.

Alaska Air Group Trading Up 4.0 %

ALK opened at $46.30 on Thursday. The stock has a market capitalization of $5.84 billion, a PE ratio of 28.58 and a beta of 1.46. Alaska Air Group, Inc. has a one year low of $38.19 and a one year high of $63.76. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.84 and a current ratio of 0.86. The business’s 50 day moving average price is $43.18 and its 200 day moving average price is $49.93.

Alaska Air Group (NYSE:ALKGet Rating) last announced its quarterly earnings results on Thursday, July 21st. The transportation company reported $2.19 EPS for the quarter, beating the consensus estimate of $1.95 by $0.24. The business had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.58 billion. Alaska Air Group had a return on equity of 8.97% and a net margin of 2.54%. The company’s quarterly revenue was up 74.1% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.30) EPS. As a group, equities research analysts expect that Alaska Air Group, Inc. will post 4.38 EPS for the current year.

Alaska Air Group Company Profile

(Get Rating)

Alaska Air Group, Inc, through its subsidiaries, provides passenger and cargo air transportation services. The company operates through three segments: Mainline, Regional, and Horizon. It flies to approximately 120 destinations throughout North America. Alaska Air Group, Inc was founded in 1932 and is based in Seattle, Washington.

Featured Articles

Want to see what other hedge funds are holding ALK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alaska Air Group, Inc. (NYSE:ALKGet Rating).

Institutional Ownership by Quarter for Alaska Air Group (NYSE:ALK)

Receive News & Ratings for Alaska Air Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alaska Air Group and related companies with MarketBeat.com's FREE daily email newsletter.