UMB Bank n.a. Purchases 1,065 Shares of Alaska Air Group, Inc. (NYSE:ALK)

UMB Bank n.a. raised its position in shares of Alaska Air Group, Inc. (NYSE:ALK) by 459.1% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,297 shares of the transportation company’s stock after acquiring an additional 1,065 shares during the period. UMB Bank n.a.’s holdings in Alaska Air Group were worth $64,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of ALK. Vanguard Group Inc. grew its holdings in shares of Alaska Air Group by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 13,651,876 shares of the transportation company’s stock worth $883,959,000 after purchasing an additional 56,409 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Alaska Air Group by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,225,054 shares of the transportation company’s stock worth $403,076,000 after purchasing an additional 56,740 shares during the last quarter. FMR LLC grew its holdings in shares of Alaska Air Group by 328.7% in the fourth quarter. FMR LLC now owns 4,649,388 shares of the transportation company’s stock worth $301,048,000 after purchasing an additional 3,564,749 shares during the last quarter. Boston Partners grew its holdings in shares of Alaska Air Group by 6.9% in the fourth quarter. Boston Partners now owns 3,460,959 shares of the transportation company’s stock worth $224,121,000 after purchasing an additional 222,780 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its holdings in shares of Alaska Air Group by 134.0% in the fourth quarter. Point72 Asset Management L.P. now owns 2,134,221 shares of the transportation company’s stock worth $138,191,000 after purchasing an additional 1,222,277 shares during the last quarter. Institutional investors own 81.90% of the company’s stock.

Insider Activity at Alaska Air Group

In related news, VP Emily Halverson sold 2,946 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $51.34, for a total value of $151,247.64. Following the completion of the transaction, the vice president now directly owns 8,253 shares of the company’s stock, valued at $423,709.02. This trade represents a 26.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Andrew R. Harrison sold 7,500 shares of the stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $53.51, for a total transaction of $401,325.00. Following the completion of the transaction, the executive vice president now owns 26,530 shares in the company, valued at approximately $1,419,620.30. This trade represents a 22.04% decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,479 shares of company stock valued at $554,228 in the last three months. 1.00% of the stock is owned by insiders.

Alaska Air Group Stock Performance

ALK stock opened at $47.40 on Friday. The firm has a market cap of $5.82 billion, a price-to-earnings ratio of 15.54, a PEG ratio of 0.43 and a beta of 1.44. The firm has a 50-day simple moving average of $48.81 and a two-hundred day simple moving average of $58.24. Alaska Air Group, Inc. has a one year low of $32.62 and a one year high of $78.08. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.58 and a current ratio of 0.61.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings results on Wednesday, April 23rd. The transportation company reported ($0.77) EPS for the quarter, missing the consensus estimate of ($0.72) by ($0.05). The firm had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $3.19 billion. Alaska Air Group had a net margin of 3.37% and a return on equity of 14.66%. The business’s quarterly revenue was up 40.5% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.92) earnings per share. On average, equities analysts forecast that Alaska Air Group, Inc. will post 6.03 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on ALK shares. UBS Group cut shares of Alaska Air Group from a “buy” rating to a “neutral” rating and cut their price target for the stock from $75.00 to $54.00 in a report on Monday, April 7th. Bank of America cut their price target on shares of Alaska Air Group from $80.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, April 3rd. JPMorgan Chase & Co. upped their price target on shares of Alaska Air Group from $85.00 to $89.00 and gave the stock an “overweight” rating in a report on Monday, March 3rd. Susquehanna dropped their target price on shares of Alaska Air Group from $95.00 to $55.00 and set a “positive” rating on the stock in a report on Monday, April 7th. Finally, Citigroup dropped their target price on shares of Alaska Air Group from $83.00 to $81.00 and set a “buy” rating on the stock in a report on Tuesday, March 18th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Alaska Air Group currently has an average rating of “Moderate Buy” and an average price target of $66.83.

About Alaska Air Group

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.