Rothschild Investment Corp IL raised its position in shares of Alaska Air Group, Inc. (NYSE:ALK) by 10.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,750 shares of the transportation company’s stock after buying an additional 1,377 shares during the quarter. Rothschild Investment Corp IL’s holdings in Alaska Air Group were worth $1,125,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ALK. Mountain Capital Investment Advisors Inc purchased a new position in Alaska Air Group during the 2nd quarter valued at approximately $122,000. Bessemer Group Inc. grew its holdings in Alaska Air Group by 57.9% during the 2nd quarter. Bessemer Group Inc. now owns 1,895 shares of the transportation company’s stock valued at $171,000 after buying an additional 695 shares in the last quarter. Rehmann Capital Advisory Group purchased a new position in Alaska Air Group during the 2nd quarter valued at approximately $201,000. Insight Capital Research & Management Inc. purchased a new position in Alaska Air Group during the 2nd quarter valued at approximately $215,000. Finally, Smithfield Trust Co. grew its holdings in Alaska Air Group by 8.6% during the 2nd quarter. Smithfield Trust Co. now owns 2,391 shares of the transportation company’s stock valued at $215,000 after buying an additional 189 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.
Several equities analysts have weighed in on the company. Zacks Investment Research upgraded Alaska Air Group from a “hold” rating to a “buy” rating and set a $101.00 price target for the company in a report on Tuesday, July 4th. Barclays PLC cut their price target on Alaska Air Group from $100.00 to $90.00 and set an “overweight” rating for the company in a report on Thursday. Stifel Nicolaus cut their price target on Alaska Air Group from $125.00 to $115.00 and set a “buy” rating for the company in a report on Thursday. Deutsche Bank AG cut their price target on Alaska Air Group from $99.00 to $84.00 and set a “buy” rating for the company in a report on Thursday. Finally, Morgan Stanley cut their price target on Alaska Air Group from $103.00 to $102.00 and set an “overweight” rating for the company in a report on Monday, July 17th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Alaska Air Group presently has a consensus rating of “Buy” and a consensus price target of $95.58.
In other news, Chairman Bradley D. Tilden sold 2,400 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $85.83, for a total value of $205,992.00. Following the completion of the sale, the chairman now directly owns 140,346 shares in the company, valued at $12,045,897.18. 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 2,350 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $86.03, for a total value of $202,170.50. Following the completion of the sale, the executive vice president now owns 21,328 shares of the company’s stock, valued at $1,834,847.84. The disclosure for this sale can be found here. 0.57% of the stock is owned by corporate insiders.
Shares of Alaska Air Group, Inc. (NYSE ALK) opened at 66.58 on Monday. Alaska Air Group, Inc. has a 1-year low of $64.77 and a 1-year high of $101.43. The stock has a 50 day moving average price of $76.65 and a 200 day moving average price of $83.54. The company has a market capitalization of $8.22 billion, a price-to-earnings ratio of 10.83 and a beta of 0.99.
Alaska Air Group (NYSE:ALK) last posted its quarterly earnings results on Wednesday, October 25th. The transportation company reported $2.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.26 by ($0.02). The company had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.13 billion. Alaska Air Group had a net margin of 10.34% and a return on equity of 28.74%. Alaska Air Group’s revenue for the quarter was up 35.4% on a year-over-year basis. During the same quarter last year, the company earned $2.20 earnings per share. On average, equities analysts anticipate that Alaska Air Group, Inc. will post $6.98 EPS for the current fiscal year.
Alaska Air Group Company Profile
Alaska Air Group, Inc is the holding company of Alaska Airlines (Alaska), Virgin America Inc, Horizon Air (Horizon) and other business units. The Company operates through three segments: Mainline, Regional and Horizon. Its Mainline segment includes Alaska’s and Virgin America’s scheduled air transportation for passengers and cargo throughout the United States, and in parts of Canada, Mexico, Costa Rica and Cuba.
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