Cwm LLC Acquires 2,027 Shares of Alaska Air Group, Inc. (NYSE:ALK)

Cwm LLC raised its holdings in Alaska Air Group, Inc. (NYSE:ALK) by 56.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,608 shares of the transportation company’s stock after purchasing an additional 2,027 shares during the period. Cwm LLC’s holdings in Alaska Air Group were worth $219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC increased its holdings in Alaska Air Group by 1,676.8% in the 4th quarter. International Assets Investment Management LLC now owns 149,089 shares of the transportation company’s stock valued at $58,250,000 after buying an additional 140,698 shares during the period. Wellington Management Group LLP boosted its stake in shares of Alaska Air Group by 16.3% in the 3rd quarter. Wellington Management Group LLP now owns 2,554,257 shares of the transportation company’s stock valued at $94,712,000 after purchasing an additional 358,749 shares in the last quarter. Louisiana State Employees Retirement System acquired a new stake in shares of Alaska Air Group in the 4th quarter valued at $2,813,000. Bank of New York Mellon Corp boosted its stake in shares of Alaska Air Group by 6.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,213,630 shares of the transportation company’s stock valued at $45,001,000 after purchasing an additional 71,726 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of Alaska Air Group by 63.4% in the 3rd quarter. Deutsche Bank AG now owns 366,619 shares of the transportation company’s stock valued at $13,594,000 after purchasing an additional 142,310 shares in the last quarter. Institutional investors own 81.90% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Bank of America boosted their target price on shares of Alaska Air Group from $50.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, April 19th. TD Cowen boosted their price objective on Alaska Air Group from $49.00 to $58.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Deutsche Bank Aktiengesellschaft raised Alaska Air Group from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $44.00 to $51.00 in a research note on Tuesday, February 20th. Susquehanna boosted their price objective on Alaska Air Group from $40.00 to $42.00 and gave the stock a “neutral” rating in a research note on Friday, April 19th. Finally, Melius lowered Alaska Air Group from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $57.85.

Alaska Air Group Trading Down 0.0 %

ALK stock opened at $42.69 on Friday. The company has a market cap of $5.37 billion, a P/E ratio of 22.83, a PEG ratio of 0.56 and a beta of 1.60. Alaska Air Group, Inc. has a twelve month low of $30.75 and a twelve month high of $57.18. The company has a quick ratio of 0.63, a current ratio of 0.65 and a debt-to-equity ratio of 0.85. The business has a fifty day moving average of $40.75 and a 200-day moving average of $37.79.

Alaska Air Group (NYSE:ALK) last released its earnings results on Thursday, April 18th. The transportation company reported ($0.92) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.09) by $0.17. The company had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.18 billion. Alaska Air Group had a return on equity of 13.54% and a net margin of 2.34%. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.62) earnings per share. As a group, equities research analysts expect that Alaska Air Group, Inc. will post 4.68 EPS for the current year.

Insider Transactions at Alaska Air Group

In related news, EVP Andrew R. Harrison sold 6,500 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $38.36, for a total value of $249,340.00. Following the completion of the sale, the executive vice president now owns 26,048 shares in the company, valued at $999,201.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.68% of the stock is currently owned by corporate insiders.

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.