3,500 Shares in Alaska Air Group, Inc. (NYSE:ALK) Bought by Supplemental Annuity Collective Trust of NJ

Supplemental Annuity Collective Trust of NJ bought a new position in Alaska Air Group, Inc. (NYSE:ALK) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,500 shares of the transportation company’s stock, valued at approximately $227,000.

Several other hedge funds also recently made changes to their positions in the company. Avior Wealth Management LLC lifted its holdings in Alaska Air Group by 44.8% in the fourth quarter. Avior Wealth Management LLC now owns 588 shares of the transportation company’s stock valued at $38,000 after acquiring an additional 182 shares during the period. Savant Capital LLC raised its holdings in Alaska Air Group by 3.4% during the fourth quarter. Savant Capital LLC now owns 6,284 shares of the transportation company’s stock worth $407,000 after purchasing an additional 206 shares during the last quarter. Verdence Capital Advisors LLC raised its position in Alaska Air Group by 2.2% during the third quarter. Verdence Capital Advisors LLC now owns 10,180 shares of the transportation company’s stock worth $460,000 after acquiring an additional 215 shares during the last quarter. QRG Capital Management Inc. raised its position in shares of Alaska Air Group by 2.7% during the 3rd quarter. QRG Capital Management Inc. now owns 9,271 shares of the transportation company’s stock worth $419,000 after purchasing an additional 242 shares during the last quarter. Finally, Greenleaf Trust raised its position in shares of Alaska Air Group by 5.1% during the 4th quarter. Greenleaf Trust now owns 5,283 shares of the transportation company’s stock worth $342,000 after purchasing an additional 258 shares during the last quarter. Institutional investors and hedge funds own 81.90% of the company’s stock.

Alaska Air Group Stock Down 1.6 %

Shares of Alaska Air Group stock opened at $72.59 on Friday. The company has a market capitalization of $9.21 billion, a PE ratio of 23.80, a P/E/G ratio of 0.67 and a beta of 1.55. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.61 and a quick ratio of 0.58. Alaska Air Group, Inc. has a 1-year low of $32.62 and a 1-year high of $76.45. The business has a 50-day moving average of $67.49 and a 200-day moving average of $51.70.

Alaska Air Group (NYSE:ALK) last posted its quarterly earnings results on Wednesday, January 22nd. The transportation company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.52. Alaska Air Group had a return on equity of 14.66% and a net margin of 3.37%. As a group, equities analysts forecast that Alaska Air Group, Inc. will post 6.03 EPS for the current fiscal year.

Insider Transactions at Alaska Air Group

In other Alaska Air Group news, COO Muehlen Constance E. Von sold 4,000 shares of Alaska Air Group stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $63.09, for a total value of $252,360.00. Following the completion of the transaction, the chief operating officer now directly owns 12,162 shares in the company, valued at $767,300.58. The trade was a 24.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Shane R. Tackett sold 5,000 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $63.56, for a total value of $317,800.00. Following the transaction, the chief financial officer now directly owns 27,362 shares in the company, valued at $1,739,128.72. This trade represents a 15.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 160,441 shares of company stock worth $11,247,722. 0.68% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Susquehanna raised Alaska Air Group from a “neutral” rating to a “positive” rating and set a $95.00 price target for the company in a report on Tuesday, January 7th. The Goldman Sachs Group boosted their price objective on shares of Alaska Air Group from $70.00 to $79.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Morgan Stanley boosted their price target on Alaska Air Group from $70.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Citigroup upped their target price on Alaska Air Group from $63.00 to $74.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Finally, Melius Research raised shares of Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research note on Monday, October 28th. One analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $74.86.

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.