Alaska Air Group, Inc. (NYSE:ALK) Shares Purchased by Jones Financial Companies Lllp

Jones Financial Companies Lllp increased its stake in shares of Alaska Air Group, Inc. (NYSE:ALK) by 77.8% during the 4th quarter, Holdings Channel reports. The fund owned 5,221 shares of the transportation company’s stock after purchasing an additional 2,284 shares during the quarter. Jones Financial Companies Lllp’s holdings in Alaska Air Group were worth $338,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ALK. Avior Wealth Management LLC grew its holdings in Alaska Air Group by 44.8% during the fourth quarter. Avior Wealth Management LLC now owns 588 shares of the transportation company’s stock worth $38,000 after acquiring an additional 182 shares during the period. Pacific Center for Financial Services acquired a new stake in Alaska Air Group in the third quarter valued at approximately $45,000. Venturi Wealth Management LLC grew its holdings in Alaska Air Group by 86.0% in the third quarter. Venturi Wealth Management LLC now owns 1,025 shares of the transportation company’s stock valued at $46,000 after purchasing an additional 474 shares during the period. True Wealth Design LLC acquired a new stake in Alaska Air Group in the third quarter valued at approximately $52,000. Finally, Quarry LP grew its holdings in Alaska Air Group by 259.3% in the third quarter. Quarry LP now owns 1,175 shares of the transportation company’s stock valued at $53,000 after purchasing an additional 848 shares during the period. 81.90% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Alaska Air Group

In other Alaska Air Group news, CFO Shane R. Tackett sold 22,893 shares of Alaska Air Group stock in a transaction on Monday, February 10th. The stock was sold at an average price of $75.74, for a total value of $1,733,915.82. Following the sale, the chief financial officer now owns 31,873 shares in the company, valued at $2,414,061.02. The trade was a 41.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Andrew R. Harrison sold 6,600 shares of Alaska Air Group stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $76.28, for a total value of $503,448.00. Following the completion of the sale, the executive vice president now owns 34,030 shares in the company, valued at $2,595,808.40. This represents a 16.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 166,618 shares of company stock worth $11,974,395 over the last quarter. 0.68% of the stock is currently owned by company insiders.

Alaska Air Group Stock Performance

Shares of Alaska Air Group stock opened at $53.56 on Wednesday. Alaska Air Group, Inc. has a one year low of $32.62 and a one year high of $78.08. The company has a market cap of $6.59 billion, a price-to-earnings ratio of 17.56, a PEG ratio of 0.43 and a beta of 1.50. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.58 and a current ratio of 0.61. The business’s 50 day moving average price is $69.40 and its 200 day moving average price is $56.20.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings data 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%. On average, research analysts predict that Alaska Air Group, Inc. will post 6.03 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ALK shares. The Goldman Sachs Group raised their target price on Alaska Air Group from $70.00 to $79.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. JPMorgan Chase & Co. raised their target price on Alaska Air Group from $85.00 to $89.00 and gave the company an “overweight” rating in a research report on Monday, March 3rd. UBS Group raised their target price on Alaska Air Group from $81.00 to $82.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Susquehanna upgraded Alaska Air Group from a “neutral” rating to a “positive” rating and set a $95.00 target price on the stock in a research report on Tuesday, January 7th. Finally, TD Cowen raised their target price on Alaska Air Group from $85.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, January 24th. One analyst has rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Alaska Air Group has an average rating of “Moderate Buy” and a consensus price target of $77.00.

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.