AlphaQuest LLC Has $66,000 Stock Position in Alaska Air Group, Inc. (NYSE:ALK)

AlphaQuest LLC trimmed its position in Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 93.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,024 shares of the transportation company's stock after selling 14,289 shares during the period. AlphaQuest LLC's holdings in Alaska Air Group were worth $66,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Avior Wealth Management LLC lifted 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 acquiring an additional 182 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Alaska Air Group during the 4th quarter valued at $52,000. Pacific Center for Financial Services acquired a new stake in shares of Alaska Air Group during the 3rd quarter valued at $45,000. True Wealth Design LLC acquired a new stake in shares of Alaska Air Group during the 3rd quarter valued at $52,000. Finally, Quarry LP lifted its position in shares of Alaska Air Group by 259.3% during the 3rd quarter. Quarry LP now owns 1,175 shares of the transportation company's stock valued at $53,000 after acquiring an additional 848 shares during the last quarter. Institutional investors and hedge funds own 81.90% of the company's stock.

Wall Street Analyst Weigh In

ALK has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their price objective on Alaska Air Group from $85.00 to $89.00 and gave the company an "overweight" rating in a research report on Monday, March 3rd. Susquehanna upgraded Alaska Air Group from a "neutral" rating to a "positive" rating and set a $95.00 target price for the company in a report on Tuesday, January 7th. The Goldman Sachs Group increased their target price on Alaska Air Group from $70.00 to $79.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. Citigroup reduced their target price on Alaska Air Group from $83.00 to $81.00 and set a "buy" rating for the company in a report on Tuesday, March 18th. Finally, Bank of America increased their target price on Alaska Air Group from $70.00 to $80.00 and gave the company a "buy" rating in a report on Friday, January 17th. One research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, Alaska Air Group presently has a consensus rating of "Moderate Buy" and an average target price of $77.00.

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Insider Activity at Alaska Air Group

In related news, EVP Andrew R. Harrison sold 91,745 shares of the firm's stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $71.14, for a total value of $6,526,739.30. Following the transaction, the executive vice president now directly owns 20,638 shares in the company, valued at approximately $1,468,187.32. This trade represents a 81.64 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Joseph A. Sprague sold 9,500 shares of the business's stock in a transaction on Friday, January 24th. The stock was sold at an average price of $68.90, for a total transaction of $654,550.00. Following the transaction, the chief executive officer now directly owns 9,840 shares of the company's stock, valued at approximately $677,976. This represents a 49.12 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 154,725 shares of company stock valued at $11,217,263. Corporate insiders own 0.68% of the company's stock.

Alaska Air Group Stock Down 0.2 %

Shares of Alaska Air Group stock traded down $0.10 during midday trading on Friday, reaching $52.75. 25,756,306 shares of the company's stock traded hands, compared to its average volume of 2,447,779. 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 52 week low of $32.62 and a 52 week high of $78.08. The company's 50 day simple moving average is $67.46 and its 200 day simple moving average is $57.03. The company has a market cap of $6.47 billion, a price-to-earnings ratio of 17.30, 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 earnings results on Wednesday, January 22nd. The transportation company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.52. Alaska Air Group had a return on equity of 14.66% and a net margin of 3.37%. Equities analysts expect that Alaska Air Group, Inc. will post 6.03 earnings per share for the current fiscal year.

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.