Avior Wealth Management LLC Purchases 182 Shares of Alaska Air Group, Inc. (NYSE:ALK)

Avior Wealth Management LLC boosted its position in Alaska Air Group, Inc. (NYSE:ALK) by 44.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 588 shares of the transportation company’s stock after acquiring an additional 182 shares during the period. Avior Wealth Management LLC’s holdings in Alaska Air Group were worth $38,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in ALK. Geode Capital Management LLC increased its position in shares of Alaska Air Group by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,061,596 shares of the transportation company’s stock worth $93,229,000 after purchasing an additional 78,186 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Alaska Air Group by 0.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,593,756 shares of the transportation company’s stock worth $72,054,000 after acquiring an additional 6,977 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Alaska Air Group by 45.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,422,247 shares of the transportation company’s stock worth $64,300,000 after acquiring an additional 442,331 shares during the last quarter. Hennessy Advisors Inc. acquired a new position in shares of Alaska Air Group during the 4th quarter worth approximately $82,459,000. Finally, FMR LLC increased its holdings in shares of Alaska Air Group by 32.4% during the 3rd quarter. FMR LLC now owns 1,084,639 shares of the transportation company’s stock worth $49,037,000 after acquiring an additional 265,343 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 13,880 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $64.01, for a total value of $888,458.80. Following the transaction, the executive vice president now owns 20,638 shares in the company, valued at approximately $1,321,038.38. This represents a 40.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Andrea L. Schneider sold 3,700 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $63.50, for a total value of $234,950.00. Following the completion of the transaction, the senior vice president now owns 21,086 shares in the company, valued at approximately $1,338,961. The trade was a 14.93 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 43,973 shares of company stock worth $2,852,892. Corporate insiders own 0.68% of the company’s stock.

Alaska Air Group Stock Up 1.0 %

Shares of Alaska Air Group stock opened at $72.15 on Thursday. Alaska Air Group, Inc. has a one year low of $32.62 and a one year high of $72.89. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.60 and a quick ratio of 0.57. The stock’s 50-day moving average is $62.86 and its 200 day moving average is $49.06. The firm has a market cap of $9.16 billion, a price-to-earnings ratio of 23.65, a PEG ratio of 0.59 and a beta of 1.54.

Alaska Air Group (NYSE:ALK) last announced its earnings results on Wednesday, January 22nd. The transportation company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.45 by $0.52. Alaska Air Group had a return on equity of 14.78% and a net margin of 3.37%. Equities research analysts anticipate that Alaska Air Group, Inc. will post 6.03 EPS for the current year.

Analyst Upgrades and Downgrades

ALK has been the topic of a number of recent analyst reports. Melius Research raised Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a report on Monday, October 28th. JPMorgan Chase & Co. boosted their target price on Alaska Air Group from $58.00 to $85.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Barclays boosted their target price on Alaska Air Group from $55.00 to $80.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Citigroup boosted their price target 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, Evercore ISI reduced their price target on Alaska Air Group from $60.00 to $55.00 and set an “outperform” rating for the company in a research note on Thursday, October 3rd. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $74.86.

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.