AGF Management Ltd. Acquires New Position in Alaska Air Group, Inc. (NYSE:ALK)

AGF Management Ltd. purchased a new position in Alaska Air Group, Inc. (NYSE:ALK - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 48,784 shares of the transportation company's stock, valued at approximately $3,159,000.

Other institutional investors have also added to or reduced their stakes in the company. Avior Wealth Management LLC raised its position in shares of 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 purchasing an additional 182 shares during the period. Pacific Center for Financial Services bought a new stake in shares of Alaska Air Group during the 3rd quarter valued at $45,000. Venturi Wealth Management LLC raised its position in shares of Alaska Air Group by 86.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,025 shares of the transportation company's stock valued at $46,000 after purchasing an additional 474 shares during the period. True Wealth Design LLC bought a new stake in shares of Alaska Air Group during the 3rd quarter valued at $52,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Alaska Air Group during the 4th quarter valued at $52,000. 81.90% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, COO Muehlen Constance E. Von sold 22,157 shares of Alaska Air Group stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $75.12, for a total transaction of $1,664,433.84. Following the completion of the transaction, the chief operating officer now directly owns 20,026 shares of the company's stock, valued at approximately $1,504,353.12. The trade was a 52.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Andrew R. Harrison sold 6,600 shares of Alaska Air Group stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $76.28, for a total transaction of $503,448.00. Following the transaction, the executive vice president now directly owns 34,030 shares of the company's stock, valued at approximately $2,595,808.40. This 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 sold 166,618 shares of company stock valued at $11,974,395. Company insiders own 0.68% of the company's stock.

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Alaska Air Group Price Performance

Shares of NYSE:ALK traded down $0.82 on Thursday, reaching $52.52. The company's stock had a trading volume of 2,901,324 shares, compared to its average volume of 2,977,551. Alaska Air Group, Inc. has a 52-week low of $32.62 and a 52-week high of $78.08. The company has a market cap of $6.46 billion, a P/E ratio of 17.22, a PEG ratio of 0.43 and a beta of 1.50. The company has a 50-day simple moving average of $69.17 and a 200 day simple moving average of $56.18. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.58 and a current ratio of 0.61.

Alaska Air Group (NYSE:ALK - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.97 EPS for the quarter, topping 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 research analysts anticipate that Alaska Air Group, Inc. will post 6.03 EPS for the current fiscal year.

Analysts Set New Price Targets

ALK has been the topic of several recent analyst reports. Susquehanna upgraded shares of Alaska Air Group from a "neutral" rating to a "positive" rating and set a $95.00 price objective on the stock in a research report on Tuesday, January 7th. JPMorgan Chase & Co. raised their target price on shares of Alaska Air Group from $85.00 to $89.00 and gave the company an "overweight" rating in a research note on Monday, March 3rd. Barclays raised their target price on shares of Alaska Air Group from $55.00 to $80.00 and gave the company an "overweight" rating in a research note on Thursday, November 14th. The Goldman Sachs Group raised their target price on shares of Alaska Air Group from $70.00 to $79.00 and gave the company a "buy" rating in a research note on Tuesday, January 14th. Finally, TD Cowen raised their target price on shares of Alaska Air Group from $85.00 to $110.00 and gave the company a "buy" rating in a research note on Friday, January 24th. One research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $77.00.

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.