New Age Alpha Advisors LLC Makes New Investment in Alaska Air Group, Inc. (NYSE:ALK)

New Age Alpha Advisors LLC bought a new stake in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 21,935 shares of the transportation company's stock, valued at approximately $1,420,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Norges Bank bought a new position in Alaska Air Group during the fourth quarter valued at approximately $19,847,000. WINTON GROUP Ltd raised its stake in Alaska Air Group by 148.9% during the 4th quarter. WINTON GROUP Ltd now owns 128,939 shares of the transportation company's stock valued at $8,349,000 after buying an additional 77,134 shares during the last quarter. Parametrica Management Ltd bought a new position in shares of Alaska Air Group during the 4th quarter valued at $200,000. Vanguard Group Inc. boosted its stake in shares of Alaska Air Group by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 13,651,876 shares of the transportation company's stock worth $883,959,000 after buying an additional 56,409 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Alaska Air Group in the fourth quarter worth $434,000. Hedge funds and other institutional investors own 81.90% of the company's stock.

Insider Buying and Selling at Alaska Air Group

In other Alaska Air Group news, SVP Andrea L. Schneider sold 1,830 shares of the firm'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 transaction of $134,175.60. Following the completion of the transaction, the senior vice president now owns 20,286 shares in the company, valued at $1,487,369.52. This trade represents a 8.27 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Andrew R. Harrison sold 6,600 shares of the company'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 value of $503,448.00. Following the sale, the executive vice president now directly owns 34,030 shares in the company, valued at $2,595,808.40. This trade represents a 16.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 154,725 shares of company stock worth $11,217,263. Insiders own 0.92% of the company's stock.

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Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. 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 report on Monday, March 3rd. Morgan Stanley boosted their target price on shares of Alaska Air Group from $70.00 to $90.00 and gave the company an "overweight" rating in a research report on Wednesday, December 11th. Citigroup decreased their price target on shares of Alaska Air Group from $83.00 to $81.00 and set a "buy" rating on the stock in a research report on Tuesday, March 18th. The Goldman Sachs Group lifted their price target on shares of Alaska Air Group from $70.00 to $79.00 and gave the stock a "buy" rating in a research note on Tuesday, January 14th. Finally, Bank of America decreased their target price on Alaska Air Group from $80.00 to $70.00 and set a "buy" rating on the stock in a report on Thursday. One research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $76.23.

Alaska Air Group Price Performance

Shares of NYSE:ALK traded down $1.55 during trading on Friday, hitting $44.39. 4,388,453 shares of the company's stock were exchanged, compared to its average volume of 2,549,590. The business's 50-day simple moving average is $64.04 and its 200 day simple moving average is $57.69. The company has a market cap of $5.45 billion, a price-to-earnings ratio of 14.55, a PEG ratio of 0.43 and a beta of 1.37. Alaska Air Group, Inc. has a 52-week low of $32.62 and a 52-week high of $78.08. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.61 and a quick ratio of 0.58.

Alaska Air Group (NYSE:ALK - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.52. Alaska Air Group had a net margin of 3.37% and a return on equity of 14.66%. As a group, equities analysts predict that Alaska Air Group, Inc. will post 6.03 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.