Capital Analysts LLC Has $26,000 Stake in Alaska Air Group, Inc. (NYSE:ALK)

Capital Analysts LLC trimmed its holdings in shares of Alaska Air Group, Inc. (NYSE:ALK) by 98.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 647 shares of the transportation company’s stock after selling 42,095 shares during the period. Capital Analysts LLC’s holdings in Alaska Air Group were worth $26,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. McIlrath & Eck LLC increased its holdings in Alaska Air Group by 12.2% during the 4th quarter. McIlrath & Eck LLC now owns 2,149 shares of the transportation company’s stock valued at $92,000 after purchasing an additional 234 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in Alaska Air Group by 19.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,811 shares of the transportation company’s stock valued at $105,000 after purchasing an additional 300 shares in the last quarter. Verdence Capital Advisors LLC increased its holdings in Alaska Air Group by 4.5% during the 3rd quarter. Verdence Capital Advisors LLC now owns 7,663 shares of the transportation company’s stock valued at $284,000 after purchasing an additional 327 shares in the last quarter. Captrust Financial Advisors increased its holdings in Alaska Air Group by 5.6% during the 4th quarter. Captrust Financial Advisors now owns 6,552 shares of the transportation company’s stock valued at $281,000 after purchasing an additional 348 shares in the last quarter. Finally, Aspire Capital Advisors LLC increased its holdings in Alaska Air Group by 3.3% during the 3rd quarter. Aspire Capital Advisors LLC now owns 10,847 shares of the transportation company’s stock valued at $402,000 after purchasing an additional 350 shares in the last quarter. 81.90% of the stock is owned by institutional investors and hedge funds.

Alaska Air Group Stock Up 1.3 %

Shares of Alaska Air Group stock opened at $45.02 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.61 and a debt-to-equity ratio of 0.53. Alaska Air Group, Inc. has a 12 month low of $30.75 and a 12 month high of $57.18. The business has a fifty day simple moving average of $39.68 and a 200 day simple moving average of $37.22. The stock has a market cap of $5.66 billion, a PE ratio of 24.87, a price-to-earnings-growth ratio of 0.86 and a beta of 1.63.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings data on Thursday, April 18th. The transportation company reported ($0.92) EPS for the quarter, topping analysts’ consensus estimates of ($1.09) by $0.17. The business had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $2.18 billion. Alaska Air Group had a return on equity of 14.72% and a net margin of 2.25%. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.62) earnings per share. Research analysts predict that Alaska Air Group, Inc. will post 4.41 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on ALK shares. UBS Group started coverage on Alaska Air Group in a research note on Wednesday, March 20th. They issued a “buy” rating and a $54.00 target price for the company. StockNews.com raised Alaska Air Group from a “sell” rating to a “hold” rating in a research note on Friday. Melius cut Alaska Air Group from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Bank of America lifted their target price on Alaska Air Group from $50.00 to $56.00 and gave the company a “buy” rating in a research note on Friday. Finally, TD Cowen lifted their target price on Alaska Air Group from $49.00 to $58.00 and gave the company a “buy” rating in a research note on Friday. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $57.85.

Insiders Place Their Bets

In other Alaska Air Group news, EVP Andrew R. Harrison sold 6,500 shares of Alaska Air Group stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $38.36, for a total transaction of $249,340.00. Following the transaction, the executive vice president now directly owns 26,048 shares in the company, valued at $999,201.28. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.68% of the company’s stock.

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.