Schonfeld Strategic Advisors LLC Raises Position in Alaska Air Group, Inc. (NYSE:ALK)

Schonfeld Strategic Advisors LLC raised its stake in shares of Alaska Air Group, Inc. (NYSE:ALK) by 421.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 704,575 shares of the transportation company’s stock after purchasing an additional 569,584 shares during the period. Schonfeld Strategic Advisors LLC owned 0.56% of Alaska Air Group worth $45,621,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ALK. Avior Wealth Management LLC raised its position 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 valued at $38,000 after purchasing an additional 182 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Alaska Air Group during the fourth quarter valued at approximately $52,000. Wilmington Savings Fund Society FSB bought a new position in shares of Alaska Air Group during the third quarter valued at approximately $59,000. EverSource Wealth Advisors LLC grew its stake in shares of Alaska Air Group by 61.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 955 shares of the transportation company’s stock valued at $62,000 after buying an additional 364 shares during the last quarter. Finally, Millstone Evans Group LLC purchased a new position in Alaska Air Group during the 4th quarter worth $76,000. 81.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ALK has been the topic of several research reports. Barclays reduced their price objective on Alaska Air Group from $62.00 to $55.00 and set an “overweight” rating on the stock in a report on Friday. The Goldman Sachs Group upped their price objective on Alaska Air Group from $70.00 to $79.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Susquehanna cut their target price on Alaska Air Group from $95.00 to $55.00 and set a “positive” rating on the stock in a research note on Monday, April 7th. Bank of America cut their target price on Alaska Air Group from $80.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday, April 3rd. Finally, Citigroup cut 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. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $65.92.

Insider Transactions at Alaska Air Group

In related news, EVP Andrew R. Harrison sold 6,600 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now directly 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Andrea L. Schneider sold 1,830 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $73.32, for a total value of $134,175.60. Following the sale, the senior vice president now owns 20,286 shares of the company’s stock, valued at $1,487,369.52. The trade was a 8.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 53,480 shares of company stock valued at $4,035,973 in the last three months. 1.00% of the stock is currently owned by company insiders.

Alaska Air Group Trading Up 2.6 %

Shares of NYSE:ALK opened at $43.01 on Tuesday. Alaska Air Group, Inc. has a 12-month low of $32.62 and a 12-month high of $78.08. The company has a market capitalization of $5.28 billion, a PE ratio of 14.10, a PEG ratio of 0.43 and a beta of 1.37. The business has a 50 day moving average of $53.44 and a two-hundred day moving average of $58.04. The company has a current ratio of 0.61, a quick ratio of 0.58 and a debt-to-equity ratio of 1.04.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings results 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). The company had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.19 billion. Alaska Air Group had a net margin of 3.37% and a return on equity of 14.66%. The company’s revenue was up 40.5% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.92) earnings per share. As a group, analysts forecast that Alaska Air Group, Inc. will post 6.03 EPS for the current year.

Alaska Air Group Company 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.