American Trust Acquires New Stake in Alaska Air Group, Inc. (NYSE:ALK)

American Trust acquired a new stake in shares of Alaska Air Group, Inc. (NYSE:ALKGet Rating) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,573 shares of the transportation company’s stock, valued at approximately $207,000.

A number of other large investors have also made changes to their positions in ALK. HighTower Advisors LLC boosted its stake in shares of Alaska Air Group by 29.6% during the fourth quarter. HighTower Advisors LLC now owns 18,723 shares of the transportation company’s stock valued at $966,000 after acquiring an additional 4,276 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Alaska Air Group by 21.8% during the fourth quarter. Teacher Retirement System of Texas now owns 6,098 shares of the transportation company’s stock valued at $318,000 after acquiring an additional 1,091 shares during the last quarter. Pictet Asset Management SA boosted its stake in shares of Alaska Air Group by 7.3% during the fourth quarter. Pictet Asset Management SA now owns 58,856 shares of the transportation company’s stock valued at $3,066,000 after acquiring an additional 4,021 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Alaska Air Group by 7.2% during the fourth quarter. JPMorgan Chase & Co. now owns 1,751,128 shares of the transportation company’s stock valued at $91,234,000 after acquiring an additional 118,254 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in Alaska Air Group by 4.3% in the 4th quarter. Rhumbline Advisers now owns 213,605 shares of the transportation company’s stock worth $11,129,000 after buying an additional 8,872 shares during the last quarter. Institutional investors and hedge funds own 76.13% of the company’s stock.

Alaska Air Group Stock Performance

Alaska Air Group stock opened at $45.78 on Tuesday. The stock’s 50-day moving average is $44.81 and its 200-day moving average is $47.64. The company has a market cap of $5.77 billion, a price-to-earnings ratio of 28.26 and a beta of 1.44. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.86 and a quick ratio of 0.84. Alaska Air Group, Inc. has a 12 month low of $38.19 and a 12 month high of $63.76.

Alaska Air Group (NYSE:ALKGet Rating) last announced its earnings results on Thursday, July 21st. The transportation company reported $2.19 EPS for the quarter, beating the consensus estimate of $1.95 by $0.24. The business had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.58 billion. Alaska Air Group had a return on equity of 8.97% and a net margin of 2.54%. The company’s revenue was up 74.1% on a year-over-year basis. During the same period last year, the business posted ($0.30) EPS. Equities analysts anticipate that Alaska Air Group, Inc. will post 4.37 earnings per share for the current year.

Insider Activity at Alaska Air Group

In related news, EVP Andrew R. Harrison sold 2,267 shares of the firm’s stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $44.13, for a total transaction of $100,042.71. Following the sale, the executive vice president now directly owns 14,152 shares in the company, valued at approximately $624,527.76. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, EVP Andrew R. Harrison sold 2,267 shares of the firm’s stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $44.13, for a total transaction of $100,042.71. Following the sale, the executive vice president now directly owns 14,152 shares in the company, valued at approximately $624,527.76. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Andrew R. Harrison sold 3,275 shares of Alaska Air Group stock in a transaction that occurred on Thursday, September 8th. The stock was sold at an average price of $45.90, for a total value of $150,322.50. Following the sale, the executive vice president now owns 10,877 shares in the company, valued at $499,254.30. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on ALK shares. Evercore ISI decreased their price target on Alaska Air Group from $80.00 to $70.00 and set an “outperform” rating on the stock in a research note on Monday, June 27th. Susquehanna Bancshares decreased their price target on Alaska Air Group from $68.00 to $50.00 and set a “positive” rating on the stock in a research note on Tuesday, July 12th. Morgan Stanley decreased their price target on Alaska Air Group from $73.00 to $70.00 and set an “overweight” rating on the stock in a research note on Monday, July 25th. Susquehanna decreased their price target on Alaska Air Group from $68.00 to $50.00 and set a “positive” rating on the stock in a research note on Tuesday, July 12th. Finally, Raymond James lowered Alaska Air Group from a “strong-buy” rating to an “outperform” rating and decreased their price target for the stock from $75.00 to $58.00 in a research note on Thursday, June 23rd. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.44.

Alaska Air Group Company Profile

(Get Rating)

Alaska Air Group, Inc, through its subsidiaries, provides passenger and cargo air transportation services. The company operates through three segments: Mainline, Regional, and Horizon. It flies to approximately 120 destinations throughout North America. Alaska Air Group, Inc was founded in 1932 and is based in Seattle, Washington.

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Institutional Ownership by Quarter for Alaska Air Group (NYSE:ALK)

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