Alaska Air Group, Inc. (NYSE:ALK) Shares Purchased by Cwm LLC

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

Several other institutional investors have also recently added to or reduced their stakes in ALK. Verdence Capital Advisors LLC grew its position in Alaska Air Group by 4.5% during the third quarter. Verdence Capital Advisors LLC now owns 7,663 shares of the transportation company’s stock valued at $284,000 after acquiring an additional 327 shares during the period. Blue Trust Inc. grew its position in Alaska Air Group by 14.2% during the fourth quarter. Blue Trust Inc. now owns 2,868 shares of the transportation company’s stock valued at $106,000 after acquiring an additional 357 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in Alaska Air Group by 2.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,189 shares of the transportation company’s stock valued at $674,000 after acquiring an additional 365 shares during the period. Daiwa Securities Group Inc. grew its position in Alaska Air Group by 15.1% during the third quarter. Daiwa Securities Group Inc. now owns 3,003 shares of the transportation company’s stock valued at $111,000 after acquiring an additional 393 shares during the period. Finally, New Mexico Educational Retirement Board grew its position in Alaska Air Group by 8.1% during the third quarter. New Mexico Educational Retirement Board now owns 6,650 shares of the transportation company’s stock valued at $247,000 after acquiring an additional 500 shares during the period. 81.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Alaska Air Group

In other Alaska Air Group news, EVP Andrew R. Harrison sold 6,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $38.36, for a total transaction of $249,340.00. Following the sale, the executive vice president now owns 26,048 shares in the company, valued at $999,201.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.68% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ALK shares. Melius downgraded Alaska Air Group from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. TD Cowen boosted their price target on Alaska Air Group from $49.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Bank of America upped their target price on Alaska Air Group from $50.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Susquehanna upped their target price on Alaska Air Group from $40.00 to $42.00 and gave the stock a “neutral” rating in a research report on Friday, April 19th. Finally, UBS Group began coverage on Alaska Air Group in a research report on Wednesday, March 20th. They issued a “buy” rating and a $54.00 target price for the company. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Alaska Air Group presently has an average rating of “Moderate Buy” and a consensus target price of $57.85.

Alaska Air Group Trading Down 0.0 %

Shares of ALK opened at $42.69 on Friday. The company has a market capitalization of $5.37 billion, a P/E ratio of 22.83, a P/E/G ratio of 0.56 and a beta of 1.60. Alaska Air Group, Inc. has a one year low of $30.75 and a one year high of $57.18. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.63 and a current ratio of 0.65. The stock has a 50-day moving average price of $40.75 and a 200 day moving average price of $37.79.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings results on Thursday, April 18th. The transportation company reported ($0.92) EPS for the quarter, beating analysts’ consensus estimates of ($1.09) by $0.17. The firm 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%. Alaska Air Group’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.62) earnings per share. Sell-side analysts forecast that Alaska Air Group, Inc. will post 4.68 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.