3,848 Shares in Alaska Air Group, Inc. (NYSE:ALK) Purchased by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC acquired a new position in Alaska Air Group, Inc. (NYSE:ALK - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,848 shares of the transportation company's stock, valued at approximately $255,000.

Other institutional investors also recently modified their holdings of the company. Avior Wealth Management LLC boosted its position in Alaska Air Group by 44.8% during the fourth 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. Pacific Center for Financial Services bought a new stake in Alaska Air Group during the third quarter valued at $45,000. Venturi Wealth Management LLC boosted its position in Alaska Air Group by 86.0% during the third quarter. Venturi Wealth Management LLC now owns 1,025 shares of the transportation company's stock valued at $46,000 after acquiring an additional 474 shares during the last quarter. Pacifica Partners Inc. boosted its position in Alaska Air Group by 952.4% during the third quarter. Pacifica Partners Inc. now owns 1,105 shares of the transportation company's stock valued at $50,000 after acquiring an additional 1,000 shares during the last quarter. Finally, True Wealth Design LLC bought a new position in shares of Alaska Air Group during the 3rd quarter worth about $52,000. Institutional investors own 81.90% of the company's stock.

Alaska Air Group Stock Up 2.1 %

NYSE:ALK traded up $1.55 on Friday, hitting $75.96. The stock had a trading volume of 3,075,153 shares, compared to its average volume of 2,799,872. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.58 and a current ratio of 0.61. The stock has a market cap of $9.64 billion, a P/E ratio of 24.91, a price-to-earnings-growth ratio of 0.67 and a beta of 1.55. Alaska Air Group, Inc. has a 1 year low of $32.62 and a 1 year high of $76.33. The firm's fifty day simple moving average is $65.92 and its two-hundred day simple moving average is $50.81.

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 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%. Analysts predict that Alaska Air Group, Inc. will post 6.03 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on ALK shares. Susquehanna raised shares of Alaska Air Group from a "neutral" rating to a "positive" rating and set a $95.00 price objective on the stock in a research report on Tuesday, January 7th. Citigroup increased their price objective on shares of Alaska Air Group from $63.00 to $74.00 and gave the stock a "buy" rating in a research report on Monday, December 16th. Barclays increased their price objective on shares of Alaska Air Group from $55.00 to $80.00 and gave the stock an "overweight" rating in a research report on Thursday, November 14th. Melius Research raised shares of Alaska Air Group from a "hold" rating to a "buy" rating and set a $56.00 price objective on the stock in a research report on Monday, October 28th. Finally, Morgan Stanley increased their price objective 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. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, Alaska Air Group currently has an average rating of "Moderate Buy" and an average target price of $74.86.

Insider Transactions at Alaska Air Group

In other news, EVP Andrew R. Harrison sold 13,880 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $64.01, for a total transaction of $888,458.80. Following the completion of 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Andrea L. Schneider sold 3,700 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $63.50, for a total value of $234,950.00. Following the transaction, the senior vice president now owns 21,086 shares of the company's stock, valued at $1,338,961. The trade was a 14.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 137,548 shares of company stock worth $9,513,807 in the last quarter. Insiders own 0.68% of the company's stock.

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.