Koshinski Asset Management Inc. Purchases Shares of 6,708 Alaska Air Group, Inc. (NYSE:ALK)

Koshinski Asset Management Inc. purchased a new stake in Alaska Air Group, Inc. (NYSE:ALK) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 6,708 shares of the transportation company’s stock, valued at approximately $262,000.

Several other large investors have also recently added to or reduced their stakes in the company. McIlrath & Eck LLC raised its holdings in Alaska Air Group by 12.2% in the 4th quarter. McIlrath & Eck LLC now owns 2,149 shares of the transportation company’s stock valued at $92,000 after acquiring an additional 234 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Alaska Air Group by 19.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,811 shares of the transportation company’s stock valued at $105,000 after purchasing an additional 300 shares during the period. Verdence Capital Advisors LLC grew its stake in shares of Alaska Air Group by 4.5% in the 3rd quarter. Verdence Capital Advisors LLC now owns 7,663 shares of the transportation company’s stock valued at $284,000 after purchasing an additional 327 shares during the period. Captrust Financial Advisors grew its stake in shares of Alaska Air Group by 5.6% in the 4th quarter. Captrust Financial Advisors now owns 6,552 shares of the transportation company’s stock valued at $281,000 after purchasing an additional 348 shares during the period. Finally, Aspire Capital Advisors LLC grew its stake in shares of Alaska Air Group by 3.3% in the 3rd quarter. Aspire Capital Advisors LLC now owns 10,847 shares of the transportation company’s stock valued at $402,000 after purchasing an additional 350 shares during the period. Institutional investors and hedge funds own 81.90% of the company’s stock.

Insider Buying and Selling

In related news, EVP Andrew R. Harrison sold 6,500 shares of Alaska Air Group stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $38.36, for a total transaction of $249,340.00. Following the completion of the transaction, the executive vice president now owns 26,048 shares in the company, valued at $999,201.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.92% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

ALK has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft upgraded Alaska Air Group from a “hold” rating to a “buy” rating and increased their price target for the stock from $44.00 to $51.00 in a research report on Tuesday, February 20th. StockNews.com lowered Alaska Air Group from a “hold” rating to a “sell” rating in a research report on Tuesday, April 9th. TD Cowen increased their price target on Alaska Air Group from $41.00 to $49.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. UBS Group assumed coverage on Alaska Air Group in a research report on Wednesday, March 20th. They set a “buy” rating and a $54.00 price target on the stock. Finally, Evercore ISI increased their price objective on Alaska Air Group from $55.00 to $65.00 and gave the company an “outperform” rating in a research report on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $57.44.

Alaska Air Group Stock Performance

Shares of Alaska Air Group stock opened at $40.98 on Tuesday. The stock’s fifty day simple moving average is $39.12 and its 200 day simple moving average is $37.05. Alaska Air Group, Inc. has a 12 month low of $30.75 and a 12 month high of $57.18. The company has a market capitalization of $5.16 billion, a PE ratio of 22.64, a PEG ratio of 0.84 and a beta of 1.63. The company has a current ratio of 0.61, a quick ratio of 0.58 and a debt-to-equity ratio of 0.53.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings results on Thursday, January 25th. The transportation company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.12. The firm had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.53 billion. Alaska Air Group had a return on equity of 14.72% and a net margin of 2.25%. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter last year, the business posted $0.92 EPS. On average, research analysts predict that Alaska Air Group, Inc. will post 4.39 EPS for the current 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.