Greenleaf Trust Acquires Shares of 5,583 Alaska Air Group, Inc. (NYSE:ALK)

Greenleaf Trust acquired a new stake in Alaska Air Group, Inc. (NYSE:ALK) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 5,583 shares of the transportation company’s stock, valued at approximately $218,000.

A number of other institutional investors have also recently bought and sold shares of ALK. Verdence Capital Advisors LLC lifted its holdings in shares of 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 worth $284,000 after acquiring an additional 327 shares during the period. Aspire Capital Advisors LLC lifted its holdings in shares of 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 worth $402,000 after acquiring an additional 350 shares during the period. Blue Trust Inc. lifted its holdings in shares of Alaska Air Group by 14.2% during the 4th quarter. Blue Trust Inc. now owns 2,868 shares of the transportation company’s stock worth $106,000 after acquiring an additional 357 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Alaska Air Group by 2.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,189 shares of the transportation company’s stock worth $674,000 after acquiring an additional 365 shares during the period. Finally, Daiwa Securities Group Inc. lifted its stake in Alaska Air Group by 15.1% in the 3rd quarter. Daiwa Securities Group Inc. now owns 3,003 shares of the transportation company’s stock valued at $111,000 after purchasing an additional 393 shares during the last quarter. Institutional investors own 81.90% of the company’s stock.

Insiders Place Their Bets

In other Alaska Air Group news, EVP Andrew R. Harrison sold 6,500 shares of the firm’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $38.36, for a total value of $249,340.00. Following the transaction, the executive vice president now directly owns 26,048 shares of the company’s stock, valued at $999,201.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ALK. Susquehanna increased their price objective on shares of Alaska Air Group from $40.00 to $42.00 and gave the company a “neutral” rating in a research note on Friday, April 19th. Evercore ISI upped their price target on shares of Alaska Air Group from $55.00 to $65.00 and gave the company an “outperform” rating in a research report on Thursday, April 4th. TD Cowen upped their price target on shares of Alaska Air Group from $49.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Melius cut shares of Alaska Air Group from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Finally, UBS Group started coverage on shares of Alaska Air Group in a research report on Wednesday, March 20th. They issued a “buy” rating and a $54.00 price target for the company. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Alaska Air Group currently has a consensus rating of “Moderate Buy” and an average price target of $57.85.

Alaska Air Group Trading Down 1.9 %

NYSE:ALK opened at $44.23 on Thursday. The company has a current ratio of 0.65, a quick ratio of 0.63 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $5.56 billion, a price-to-earnings ratio of 23.65, a PEG ratio of 0.63 and a beta of 1.63. The firm has a fifty day simple moving average of $40.15 and a two-hundred day simple moving average of $37.43. Alaska Air Group, Inc. has a 12 month low of $30.75 and a 12 month high of $57.18.

Alaska Air Group (NYSE:ALK) last posted its quarterly earnings results 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 net margin of 2.34% and a return on equity of 13.54%. The business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period last year, the company posted ($0.62) earnings per share. Analysts expect that Alaska Air Group, Inc. will post 4.5 EPS for the current fiscal year.

Alaska Air Group 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.