Alaska Air Group, Inc. (NYSE:ALK) Stake Boosted by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 275.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 60,529 shares of the transportation company's stock after buying an additional 44,417 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.'s holdings in Alaska Air Group were worth $3,919,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. grew its position in shares of Alaska Air Group by 11.2% in the 3rd quarter. Victory Capital Management Inc. now owns 28,316 shares of the transportation company's stock worth $1,280,000 after buying an additional 2,858 shares during the period. Natixis Advisors LLC grew its position in Alaska Air Group by 54.2% during the 3rd quarter. Natixis Advisors LLC now owns 19,147 shares of the transportation company's stock valued at $866,000 after purchasing an additional 6,734 shares during the last quarter. Quest Partners LLC grew its position in Alaska Air Group by 1,531,200.0% during the 3rd quarter. Quest Partners LLC now owns 15,313 shares of the transportation company's stock valued at $692,000 after purchasing an additional 15,312 shares during the last quarter. Prospera Financial Services Inc grew its position in Alaska Air Group by 9.8% during the 3rd quarter. Prospera Financial Services Inc now owns 7,763 shares of the transportation company's stock valued at $351,000 after purchasing an additional 695 shares during the last quarter. Finally, Landscape Capital Management L.L.C. purchased a new stake in Alaska Air Group during the 3rd quarter valued at about $4,673,000. 81.90% of the stock is currently owned by institutional investors.

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Insider Transactions at Alaska Air Group

In other Alaska Air Group news, CEO Joseph A. Sprague sold 9,500 shares of Alaska Air Group 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 sale, the chief executive officer now owns 9,840 shares of the company's stock, valued at $677,976. The trade was a 49.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Andrea L. Schneider sold 1,830 shares of the stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $73.32, for a total transaction of $134,175.60. Following the completion of the transaction, the senior vice president now owns 20,286 shares of the company's stock, valued at $1,487,369.52. This represents a 8.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 154,725 shares of company stock valued at $11,217,263 over the last quarter. Company insiders own 0.68% of the company's stock.

Alaska Air Group Stock Performance

Shares of Alaska Air Group stock traded down $1.33 on Thursday, reaching $52.80. 2,909,339 shares of the stock were exchanged, compared to its average volume of 2,370,508. The firm has a market capitalization of $6.50 billion, a PE ratio of 17.31, a PEG ratio of 0.43 and a beta of 1.50. The business has a fifty day moving average price of $68.04 and a two-hundred day moving average price of $56.80. Alaska Air Group, Inc. has a 1-year low of $32.62 and a 1-year high of $78.08. The company has a current ratio of 0.61, a quick ratio of 0.58 and a debt-to-equity ratio of 1.04.

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

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. The Goldman Sachs Group raised their price objective on shares of Alaska Air Group from $70.00 to $79.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th. UBS Group decreased their price objective on shares of Alaska Air Group from $87.00 to $75.00 and set a "buy" rating on the stock in a research report on Thursday. Bank of America boosted their price objective on Alaska Air Group from $70.00 to $80.00 and gave the company a "buy" rating in a research report on Friday, January 17th. JPMorgan Chase & Co. lifted their price target on shares of Alaska Air Group from $85.00 to $89.00 and gave the company an "overweight" rating in a report on Monday, March 3rd. Finally, TD Cowen boosted their price target on shares of Alaska Air Group from $85.00 to $110.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. One equities research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target 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.