Alaska Air Group, Inc. (NYSE:ALK) is Semper Augustus Investments Group LLC’s 7th Largest Position

Semper Augustus Investments Group LLC grew its stake in shares of Alaska Air Group, Inc. (NYSE:ALK) by 0.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 350,075 shares of the transportation company’s stock after purchasing an additional 2,211 shares during the quarter. Alaska Air Group comprises 4.1% of Semper Augustus Investments Group LLC’s portfolio, making the stock its 7th biggest holding. Semper Augustus Investments Group LLC’s holdings in Alaska Air Group were worth $22,667,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Avior Wealth Management LLC raised its holdings in Alaska Air Group by 44.8% during the 4th quarter. Avior Wealth Management LLC now owns 588 shares of the transportation company’s stock valued at $38,000 after buying an additional 182 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Alaska Air Group in the fourth quarter valued at about $52,000. EverSource Wealth Advisors LLC increased its position in shares of Alaska Air Group by 61.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 955 shares of the transportation company’s stock valued at $62,000 after acquiring an additional 364 shares during the period. Millstone Evans Group LLC bought a new position in shares of Alaska Air Group during the fourth quarter valued at about $76,000. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Alaska Air Group by 97.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,623 shares of the transportation company’s stock worth $105,000 after purchasing an additional 803 shares during the period. Hedge funds and other institutional investors own 81.90% of the company’s stock.

Insider Buying and Selling

In other Alaska Air Group news, EVP Andrew R. Harrison sold 6,600 shares of Alaska Air Group stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $76.28, for a total transaction of $503,448.00. Following the completion of the transaction, the executive vice president now owns 34,030 shares in the company, valued at approximately $2,595,808.40. The trade was a 16.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Muehlen Constance E. Von sold 22,157 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $75.12, for a total value of $1,664,433.84. Following the completion of the sale, the chief operating officer now directly owns 20,026 shares in the company, valued at $1,504,353.12. This trade represents a 52.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 28,790 shares of company stock worth $2,169,537 in the last three months. 1.00% of the stock is owned by corporate insiders.

Alaska Air Group Trading Down 2.2%

ALK opened at $52.97 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.61 and a debt-to-equity ratio of 1.04. Alaska Air Group, Inc. has a 52 week low of $32.62 and a 52 week high of $78.08. The stock has a market cap of $6.50 billion, a PE ratio of 17.37, a PEG ratio of 0.43 and a beta of 1.41. The business has a 50 day moving average of $48.73 and a 200-day moving average of $58.24.

Alaska Air Group (NYSE:ALK) last posted its quarterly earnings data on Wednesday, April 23rd. The transportation company reported ($0.77) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.72) by ($0.05). Alaska Air Group had a return on equity of 14.66% and a net margin of 3.37%. The firm had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.19 billion. During the same quarter last year, the company posted ($0.92) EPS. Alaska Air Group’s revenue for the quarter was up 40.5% compared to the same quarter last year. Equities research analysts predict that Alaska Air Group, Inc. will post 6.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on ALK shares. JPMorgan Chase & Co. raised their target price on Alaska Air Group from $85.00 to $89.00 and gave the stock an “overweight” rating in a research note on Monday, March 3rd. Barclays dropped their price objective on Alaska Air Group from $62.00 to $55.00 and set an “overweight” rating for the company in a report on Friday, April 25th. Citigroup reduced their target price on Alaska Air Group from $83.00 to $81.00 and set a “buy” rating on the stock in a research note on Tuesday, March 18th. TD Cowen upped their target price on Alaska Air Group from $54.00 to $62.00 and gave the company a “buy” rating in a report on Friday, April 25th. Finally, Bank of America dropped their price target on Alaska Air Group from $80.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, April 3rd. One analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $65.92.

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.