11,954 Shares in Alaska Air Group, Inc. (NYSE:ALK) Acquired by Private Advisor Group LLC

Private Advisor Group LLC acquired a new stake in shares of Alaska Air Group, Inc. (NYSE:ALK) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 11,954 shares of the transportation company’s stock, valued at approximately $502,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. WealthPLAN Partners LLC bought a new stake in shares of Alaska Air Group during the first quarter worth $30,000. Ten Capital Wealth Advisors LLC boosted its position in Alaska Air Group by 174.4% in the 4th quarter. Ten Capital Wealth Advisors LLC now owns 741 shares of the transportation company’s stock worth $32,000 after purchasing an additional 471 shares in the last quarter. Covestor Ltd boosted its position in Alaska Air Group by 416.4% in the 1st quarter. Covestor Ltd now owns 568 shares of the transportation company’s stock worth $33,000 after purchasing an additional 458 shares in the last quarter. Pinebridge Investments L.P. purchased a new stake in Alaska Air Group in the 4th quarter worth approximately $55,000. Finally, EMC Capital Management purchased a new position in shares of Alaska Air Group during the 4th quarter valued at approximately $73,000. 80.58% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Benito Minicucci sold 5,000 shares of the firm’s stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $48.73, for a total transaction of $243,650.00. Following the completion of the transaction, the chief executive officer now directly owns 114,506 shares in the company, valued at approximately $5,579,877.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on ALK shares. Susquehanna decreased their target price on Alaska Air Group from $65.00 to $58.00 in a research report on Wednesday, July 26th. The Goldman Sachs Group decreased their target price on Alaska Air Group from $63.00 to $61.00 and set a “buy” rating on the stock in a research report on Tuesday, July 25th. StockNews.com started coverage on Alaska Air Group in a research report on Thursday, August 17th. They set a “hold” rating on the stock. JPMorgan Chase & Co. reduced their price objective on Alaska Air Group from $91.00 to $70.00 in a research note on Monday, May 8th. Finally, Bank of America increased their price objective on Alaska Air Group from $58.00 to $62.00 in a research note on Monday, June 26th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $65.03.

Alaska Air Group Stock Down 0.5 %

Shares of NYSE:ALK opened at $41.78 on Friday. The business has a 50-day moving average price of $48.60 and a 200 day moving average price of $46.18. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $5.32 billion, a price-to-earnings ratio of 33.97, a PEG ratio of 0.28 and a beta of 1.55. Alaska Air Group, Inc. has a 12-month low of $37.19 and a 12-month high of $57.18.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings data on Tuesday, July 25th. The transportation company reported $3.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.71 by $0.29. The firm had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.77 billion. Alaska Air Group had a return on equity of 19.66% and a net margin of 1.55%. The company’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the company earned $2.19 EPS. Sell-side analysts expect that Alaska Air Group, Inc. will post 6.59 EPS for the current year.

Alaska Air Group Profile

Alaska Air Group, Inc, through its subsidiaries, operated airlines. The company operates through three segments: Mainline, Regional, and Horizon. The company offers scheduled air transportation services on Boeing and Airbus jet aircraft for passengers and cargo throughout the United States, and in parts of Mexico, Costa Rica, and Belize; and for passengers across a shorter distance network within the United States and Canada.