Amundi Purchases 42,501 Shares of Alaska Air Group, Inc. (NYSE:ALK)

Amundi raised its holdings in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 188.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 65,070 shares of the transportation company's stock after acquiring an additional 42,501 shares during the quarter. Amundi owned approximately 0.05% of Alaska Air Group worth $4,313,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC grew its position in Alaska Air Group by 32.4% in the third quarter. FMR LLC now owns 1,084,639 shares of the transportation company's stock worth $49,037,000 after acquiring an additional 265,343 shares in the last quarter. Bank of Montreal Can grew its stake in shares of Alaska Air Group by 54.7% during the third quarter. Bank of Montreal Can now owns 57,577 shares of the transportation company's stock valued at $2,591,000 after buying an additional 20,347 shares during the last quarter. Friedenthal Financial bought a new stake in shares of Alaska Air Group during the fourth quarter worth $772,000. Quantbot Technologies LP boosted its position in Alaska Air Group by 156.3% in the 3rd quarter. Quantbot Technologies LP now owns 83,777 shares of the transportation company's stock valued at $3,788,000 after buying an additional 51,096 shares during the period. Finally, Franklin Resources Inc. grew its position in shares of Alaska Air Group by 4.1% during the 3rd quarter. Franklin Resources Inc. now owns 633,514 shares of the transportation company's stock worth $28,312,000 after buying an additional 24,796 shares in the last quarter. 81.90% of the stock is currently owned by institutional investors.

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Alaska Air Group Stock Performance

Shares of Alaska Air Group stock traded up $1.62 during trading hours on Wednesday, reaching $53.96. The company's stock had a trading volume of 2,007,469 shares, compared to its average volume of 2,936,896. 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, Inc. has a one year low of $32.62 and a one year high of $78.08. The company's 50 day simple moving average is $68.28 and its 200 day simple moving average is $56.82. The stock has a market cap of $6.64 billion, a P/E ratio of 17.69, a price-to-earnings-growth ratio of 0.43 and a beta of 1.50.

Alaska Air Group (NYSE:ALK - Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The transportation company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate 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, analysts expect that Alaska Air Group, Inc. will post 6.03 EPS for the current fiscal year.

Insider Buying and Selling at Alaska Air Group

In other news, CFO Shane R. Tackett sold 22,893 shares of the company's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $75.74, for a total value of $1,733,915.82. Following the sale, the chief financial officer now owns 31,873 shares of the company's stock, valued at approximately $2,414,061.02. This represents a 41.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Andrea L. Schneider sold 800 shares of the firm's stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $63.89, for a total value of $51,112.00. Following the completion of the sale, the senior vice president now owns 20,286 shares of the company's stock, valued at approximately $1,296,072.54. This trade represents a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 155,525 shares of company stock valued at $11,268,375 in the last quarter. Company insiders own 0.68% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Bank of America lifted their price objective on shares of Alaska Air Group from $70.00 to $80.00 and gave the company a "buy" rating in a report on Friday, January 17th. Morgan Stanley boosted their target price on shares of Alaska Air Group from $70.00 to $90.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 11th. TD Cowen increased their price objective on Alaska Air Group from $85.00 to $110.00 and gave the company a "buy" rating in a report on Friday, January 24th. Susquehanna upgraded shares of Alaska Air Group from a "neutral" rating to a "positive" rating and set a $95.00 target price for the company in a research report on Tuesday, January 7th. Finally, The Goldman Sachs Group lifted their price target on Alaska Air Group from $70.00 to $79.00 and gave the company a "buy" rating in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $77.54.

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.