Barclays PLC Has $47.86 Million Stock Position in Alaska Air Group, Inc. (NYSE:ALK)

Barclays PLC increased its holdings in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 1.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,058,564 shares of the transportation company's stock after acquiring an additional 18,233 shares during the period. Barclays PLC owned about 0.83% of Alaska Air Group worth $47,857,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ALK. Altshuler Shaham Ltd acquired a new stake in shares of Alaska Air Group in the 2nd quarter valued at $28,000. Pacific Center for Financial Services bought a new stake in Alaska Air Group during the third quarter worth about $45,000. Venturi Wealth Management LLC increased its holdings in shares of Alaska Air Group by 86.0% during the third quarter. Venturi Wealth Management LLC now owns 1,025 shares of the transportation company's stock worth $46,000 after buying an additional 474 shares in the last quarter. Pacifica Partners Inc. raised its stake in shares of Alaska Air Group by 952.4% in the third quarter. Pacifica Partners Inc. now owns 1,105 shares of the transportation company's stock valued at $50,000 after acquiring an additional 1,000 shares during the last quarter. Finally, True Wealth Design LLC bought a new stake in Alaska Air Group during the 3rd quarter worth approximately $52,000. Institutional investors own 81.90% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on ALK shares. UBS Group restated a "buy" rating and set a $72.00 target price on shares of Alaska Air Group in a report on Tuesday, November 26th. Morgan Stanley raised their price objective 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. Susquehanna increased their price target on shares of Alaska Air Group from $40.00 to $45.00 and gave the company a "neutral" rating in a research note on Wednesday, October 9th. Melius Research upgraded shares of Alaska Air Group from a "hold" rating to a "buy" rating and set a $56.00 price objective for the company in a research report on Monday, October 28th. Finally, Bank of America increased their price objective on Alaska Air Group from $50.00 to $55.00 and gave the company a "buy" rating in a research report on Friday, September 13th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, Alaska Air Group has an average rating of "Moderate Buy" and an average price target of $64.00.

Alaska Air Group Trading Down 1.3 %

Shares of ALK stock traded down $0.83 on Friday, reaching $62.59. The company had a trading volume of 3,723,888 shares, compared to its average volume of 2,291,301. The company has a 50-day moving average of $50.11 and a 200-day moving average of $42.87. Alaska Air Group, Inc. has a 12 month low of $32.62 and a 12 month high of $65.62. The stock has a market cap of $7.95 billion, a PE ratio of 25.57, a PEG ratio of 1.24 and a beta of 1.60. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 0.93.

Alaska Air Group (NYSE:ALK - Get Free Report) last issued its earnings results on Thursday, October 31st. The transportation company reported $2.25 EPS for the quarter, beating the consensus estimate of $2.22 by $0.03. The firm had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3 billion. Alaska Air Group had a net margin of 2.99% and a return on equity of 12.81%. The business's quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.83 earnings per share. On average, equities analysts forecast that Alaska Air Group, Inc. will post 4.3 earnings per share for the current year.

Insider Buying and Selling

In other Alaska Air Group news, SVP Andrea L. Schneider sold 3,700 shares of the firm's stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $63.50, for a total transaction of $234,950.00. Following the sale, the senior vice president now directly owns 21,086 shares in the company, valued at approximately $1,338,961. This trade represents a 14.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Muehlen Constance E. Von sold 4,000 shares of Alaska Air Group stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $63.09, for a total transaction of $252,360.00. Following the completion of the transaction, the chief operating officer now directly owns 12,162 shares in the company, valued at approximately $767,300.58. The trade was a 24.75 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,580 shares of company stock valued at $1,693,569. 0.68% of the stock is owned by company insiders.

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.