Capital Advisors Wealth Management LLC Invests $241,000 in Alaska Air Group, Inc. (NYSE:ALK)

Capital Advisors Wealth Management LLC acquired a new stake in Alaska Air Group, Inc. (NYSE:ALK - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,715 shares of the transportation company's stock, valued at approximately $241,000.

A number of other institutional investors and hedge funds have also made changes to their positions in ALK. Point72 Asset Management L.P. raised its stake in shares of Alaska Air Group by 8.0% during the second quarter. Point72 Asset Management L.P. now owns 2,969,295 shares of the transportation company's stock worth $119,960,000 after purchasing an additional 220,030 shares during the last quarter. Geode Capital Management LLC raised its position in Alaska Air Group by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,061,596 shares of the transportation company's stock worth $93,229,000 after buying an additional 78,186 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Alaska Air Group by 0.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,593,756 shares of the transportation company's stock worth $72,054,000 after acquiring an additional 6,977 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Alaska Air Group by 45.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,422,247 shares of the transportation company's stock valued at $64,300,000 after acquiring an additional 442,331 shares in the last quarter. Finally, FMR LLC increased its stake in shares of Alaska Air Group by 32.4% during 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 during the period. 81.90% of the stock is owned by hedge funds and other institutional investors.

Alaska Air Group Price Performance

Shares of ALK stock traded down $1.07 during trading hours on Friday, hitting $66.35. The company's stock had a trading volume of 2,127,353 shares, compared to its average volume of 2,601,494. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 0.93. The business has a fifty day moving average of $59.87 and a 200-day moving average of $47.09. Alaska Air Group, Inc. has a twelve month low of $32.62 and a twelve month high of $69.10. The stock has a market cap of $8.42 billion, a price-to-earnings ratio of 26.75, a P/E/G ratio of 0.67 and a beta of 1.54.

Alaska Air Group (NYSE:ALK - Get Free Report) last announced its earnings results on Thursday, October 31st. The transportation company reported $2.25 EPS for the quarter, beating analysts' consensus estimates of $2.22 by $0.03. Alaska Air Group had a return on equity of 12.81% and a net margin of 2.99%. The firm had revenue of $3.07 billion for the quarter, compared to analysts' expectations of $3 billion. During the same quarter in the prior year, the firm earned $1.83 EPS. Alaska Air Group's quarterly revenue was up 8.2% on a year-over-year basis. As a group, equities research analysts anticipate that Alaska Air Group, Inc. will post 4.37 EPS for the current year.

Insider Activity at Alaska Air Group

In other Alaska Air Group news, CEO Joseph A. Sprague sold 2,325 shares of the firm's stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $64.38, for a total value of $149,683.50. Following the sale, the chief executive officer now directly owns 19,340 shares of the company's stock, valued at approximately $1,245,109.20. This trade represents a 10.73 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Muehlen Constance E. Von sold 4,000 shares of Alaska Air Group stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $63.09, for a total value of $252,360.00. Following the completion of the sale, the chief operating officer now owns 12,162 shares of the company's stock, valued at $767,300.58. This trade represents a 24.75 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,473 shares of company stock valued at $2,198,342. 0.92% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. 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. The Goldman Sachs Group raised their price target on Alaska Air Group from $70.00 to $79.00 and gave the company a "buy" rating in a report on Tuesday. Bank of America upped their price objective on Alaska Air Group from $70.00 to $80.00 and gave the stock a "buy" rating in a report on Friday. Morgan Stanley raised their target price on Alaska Air Group from $70.00 to $90.00 and gave the company an "overweight" rating in a report on Wednesday, December 11th. Finally, Evercore ISI lowered their price target on shares of Alaska Air Group from $60.00 to $55.00 and set an "outperform" rating on the stock in a research note on Thursday, October 3rd. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat.com, Alaska Air Group presently has an average rating of "Moderate Buy" and a consensus target price of $72.57.

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.