swisspartners Advisors Ltd lifted its position in Alaska Air Group, Inc. (NYSE:ALK – Free Report) by 11.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 190,290 shares of the transportation company’s stock after buying an additional 19,750 shares during the period. Alaska Air Group makes up 6.9% of swisspartners Advisors Ltd’s holdings, making the stock its 8th largest position. swisspartners Advisors Ltd’s holdings in Alaska Air Group were worth $9,561,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Foster Dykema Cabot & Partners LLC bought a new position in Alaska Air Group during the third quarter valued at about $28,000. AlphaQuest LLC bought a new stake in Alaska Air Group in the third quarter worth about $34,000. Smartleaf Asset Management LLC lifted its holdings in Alaska Air Group by 43.2% in the 3rd quarter. Smartleaf Asset Management LLC now owns 838 shares of the transportation company’s stock valued at $42,000 after acquiring an additional 253 shares during the last quarter. Country Trust Bank acquired a new stake in Alaska Air Group in the 3rd quarter valued at about $45,000. Finally, SBI Securities Co. Ltd. boosted its position in shares of Alaska Air Group by 30.4% during the 4th quarter. SBI Securities Co. Ltd. now owns 910 shares of the transportation company’s stock valued at $46,000 after purchasing an additional 212 shares in the last quarter. Institutional investors and hedge funds own 81.90% of the company’s stock.
Alaska Air Group Price Performance
ALK stock opened at $39.01 on Tuesday. Alaska Air Group, Inc. has a one year low of $33.03 and a one year high of $65.88. The firm has a 50-day moving average of $40.53 and a two-hundred day moving average of $45.79. The firm has a market capitalization of $4.35 billion, a PE ratio of 73.61 and a beta of 1.25. The company has a current ratio of 0.43, a quick ratio of 0.39 and a debt-to-equity ratio of 1.29.
Insider Activity at Alaska Air Group
In other Alaska Air Group news, CFO Shane R. Tackett sold 24,000 shares of the business’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $57.15, for a total transaction of $1,371,600.00. Following the sale, the chief financial officer directly owned 43,377 shares of the company’s stock, valued at $2,478,995.55. The trade was a 35.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Andrew R. Harrison sold 14,500 shares of the stock in a transaction on Friday, February 13th. The shares were sold at an average price of $54.81, for a total value of $794,745.00. Following the completion of the sale, the executive vice president owned 20,195 shares of the company’s stock, valued at $1,106,887.95. The trade was a 41.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 44,000 shares of company stock worth $2,477,810. Corporate insiders own 1.00% of the company’s stock.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the stock. Bank of America lowered their price objective on shares of Alaska Air Group from $70.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. The Goldman Sachs Group reduced their target price on shares of Alaska Air Group from $68.00 to $61.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. Susquehanna decreased their price target on shares of Alaska Air Group from $55.00 to $50.00 and set a “positive” rating on the stock in a research report on Wednesday, April 22nd. Barclays reaffirmed an “overweight” rating and issued a $70.00 price target (up from $60.00) on shares of Alaska Air Group in a report on Monday, January 12th. Finally, Citigroup downgraded Alaska Air Group from a “buy” rating to a “sell” rating and cut their price objective for the company from $51.00 to $32.00 in a research report on Friday, May 1st. Eleven analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $61.85.
Read Our Latest Stock Analysis on Alaska Air Group
About Alaska Air Group
Alaska Air Group is a publicly traded holding company headquartered in Seattle, Washington, that operates two main airlines—Alaska Airlines and Horizon Air. Through these carriers, the company offers scheduled passenger and cargo services across a network spanning the United States, Canada and Mexico. Its core business activities include domestic and international air transportation, loyalty program management under the Mileage Plan brand, and ancillary revenue streams such as baggage fees, in-flight sales and code-share partnerships with other global airlines.
The roots of Alaska Air Group trace back to the foundation of its flagship carrier, Alaska Airlines, in 1932.
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