Boston Partners Increases Stock Position in Alaska Air Group, Inc. (NYSE:ALK)

Boston Partners increased its stake in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 6.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,460,959 shares of the transportation company's stock after buying an additional 222,780 shares during the period. Boston Partners owned 2.73% of Alaska Air Group worth $224,121,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Avior Wealth Management LLC boosted its holdings 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 worth $38,000 after buying an additional 182 shares during the period. Pacific Center for Financial Services bought a new stake in Alaska Air Group in the 3rd quarter valued at about $45,000. True Wealth Design LLC bought a new stake in Alaska Air Group in the 3rd quarter valued at about $52,000. SBI Securities Co. Ltd. bought a new stake in Alaska Air Group in the 4th quarter valued at about $52,000. Finally, Quarry LP boosted its holdings in Alaska Air Group by 259.3% in the 3rd quarter. Quarry LP now owns 1,175 shares of the transportation company's stock valued at $53,000 after purchasing an additional 848 shares during the period. Institutional investors own 81.90% of the company's stock.

Alaska Air Group Trading Down 0.2 %

NYSE ALK traded down $0.10 on Friday, hitting $52.75. The company's stock had a trading volume of 25,756,306 shares, compared to its average volume of 2,447,779. The company has a quick ratio of 0.58, a current ratio of 0.61 and a debt-to-equity ratio of 1.04. Alaska Air Group, Inc. has a 1-year low of $32.62 and a 1-year high of $78.08. The company's 50-day moving average is $67.46 and its 200 day moving average is $57.03. The firm has a market cap of $6.47 billion, a PE ratio of 17.30, a PEG ratio of 0.43 and a beta of 1.50.

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

Insider Activity

In related news, EVP Andrew R. Harrison sold 91,745 shares of the stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $71.14, for a total transaction of $6,526,739.30. Following the transaction, the executive vice president now directly owns 20,638 shares of the company's stock, valued at $1,468,187.32. This represents a 81.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Muehlen Constance E. Von sold 22,157 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $75.12, for a total transaction of $1,664,433.84. Following the transaction, the chief operating officer now directly owns 20,026 shares in the company, valued at approximately $1,504,353.12. This represents a 52.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 154,725 shares of company stock valued at $11,217,263. 0.68% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have issued reports on ALK. TD Cowen boosted their price objective on shares of Alaska Air Group from $85.00 to $110.00 and gave the company a "buy" rating in a report on Friday, January 24th. Bank of America boosted 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. UBS Group cut their price objective on shares of Alaska Air Group from $87.00 to $75.00 and set a "buy" rating for the company in a report on Thursday. Citigroup dropped their target price on shares of Alaska Air Group from $83.00 to $81.00 and set a "buy" rating for the company in a research report on Tuesday, March 18th. Finally, 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. 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, Alaska Air Group has a consensus rating of "Moderate Buy" and an average 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.