Free Trial

Brighton Jones LLC Buys 92,416 Shares of Alaska Air Group, Inc. (NYSE:ALK)

Alaska Air Group logo with Transportation background

Brighton Jones LLC increased its holdings in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 2,046.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 96,932 shares of the transportation company's stock after acquiring an additional 92,416 shares during the quarter. Brighton Jones LLC owned about 0.08% of Alaska Air Group worth $6,276,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of ALK. Avior Wealth Management LLC raised its holdings in Alaska Air Group by 44.8% in 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 in the last quarter. Janney Montgomery Scott LLC increased its position in shares of Alaska Air Group by 40.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 8,105 shares of the transportation company's stock worth $525,000 after purchasing an additional 2,320 shares during the period. SG Americas Securities LLC raised its stake in Alaska Air Group by 1,155.3% in the fourth quarter. SG Americas Securities LLC now owns 58,671 shares of the transportation company's stock valued at $3,799,000 after purchasing an additional 53,997 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. bought a new stake in Alaska Air Group during the fourth quarter worth about $214,000. Finally, Merit Financial Group LLC grew its stake in Alaska Air Group by 14.0% during the fourth quarter. Merit Financial Group LLC now owns 7,385 shares of the transportation company's stock worth $478,000 after buying an additional 906 shares in the last quarter. Institutional investors and hedge funds own 81.90% of the company's stock.

Insider Transactions at Alaska Air Group

In other Alaska Air Group news, EVP Andrew R. Harrison sold 13,880 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $64.01, for a total value of $888,458.80. Following the transaction, the executive vice president now owns 20,638 shares in the company, valued at approximately $1,321,038.38. This represents a 40.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Shane R. Tackett sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $63.56, for a total value of $317,800.00. Following the sale, the chief financial officer now owns 27,362 shares of the company's stock, valued at approximately $1,739,128.72. This represents a 15.45 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,473 shares of company stock worth $2,198,342. Company insiders own 0.68% of the company's stock.

Analyst Ratings Changes

ALK has been the subject of several analyst reports. 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. Melius 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. Evercore ISI reduced their target price on Alaska Air Group from $60.00 to $55.00 and set an "outperform" rating on the stock in a report on Thursday, October 3rd. Bank of America boosted their price target on Alaska Air Group from $70.00 to $80.00 and gave the stock a "buy" rating in a report on Friday, January 17th. Finally, JPMorgan Chase & Co. raised their price objective on Alaska Air Group from $58.00 to $85.00 and gave the company an "overweight" rating in a research note on Wednesday, December 11th. One analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $74.86.

Get Our Latest Research Report on Alaska Air Group

Alaska Air Group Trading Up 1.5 %

ALK traded up $1.05 during midday trading on Friday, hitting $69.90. 2,781,301 shares of the company were exchanged, compared to its average volume of 2,973,753. The firm's 50 day moving average price is $61.76 and its 200-day moving average price is $48.28. Alaska Air Group, Inc. has a 1-year low of $32.62 and a 1-year high of $71.70. The firm has a market capitalization of $8.87 billion, a P/E ratio of 22.92, a P/E/G ratio of 0.59 and a beta of 1.54. The company has a quick ratio of 0.57, a current ratio of 0.60 and a debt-to-equity ratio of 0.93.

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, topping analysts' consensus estimates of $0.45 by $0.52. Alaska Air Group had a return on equity of 14.78% and a net margin of 3.37%. As a group, equities analysts forecast that Alaska Air Group, Inc. will post 6.03 EPS for the current fiscal year.

Alaska Air Group Profile

(Free Report)

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.

Featured Stories

Institutional Ownership by Quarter for Alaska Air Group (NYSE:ALK)

Should You Invest $1,000 in Alaska Air Group Right Now?

Before you consider Alaska Air Group, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alaska Air Group wasn't on the list.

While Alaska Air Group currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

20 Stocks to Sell Now Cover

MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Pelosi Bets Big on AI: Her Top 5 Stock Picks
Risk vs. Reward: Why Analysts Predict Big Gains for Struggling SMCI
3 Quantum Computing Stocks to Watch in 2025 (That Aren’t Rigetti)

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines