Counterpoint Mutual Funds LLC Takes $1.09 Million Position in Alaska Air Group, Inc. (NYSE:ALK)

Counterpoint Mutual Funds LLC acquired a new stake in Alaska Air Group, Inc. (NYSE:ALK - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 16,761 shares of the transportation company's stock, valued at approximately $1,085,000.

A number of other hedge funds have also modified their holdings of the stock. Hennessy Advisors Inc. bought a new position in Alaska Air Group during the 4th quarter valued at about $82,459,000. Wellington Management Group LLP bought a new position in shares of Alaska Air Group in the third quarter valued at approximately $26,390,000. Charles Schwab Investment Management Inc. raised its stake 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 during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Alaska Air Group in the 4th quarter worth approximately $24,241,000. Finally, FMR LLC grew its position in Alaska Air Group by 32.4% during the 3rd 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 last quarter. 81.90% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Alaska Air Group

In other Alaska Air Group news, EVP Andrew R. Harrison sold 6,600 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $76.28, for a total transaction of $503,448.00. Following the sale, the executive vice president now directly owns 34,030 shares in the company, valued at approximately $2,595,808.40. This trade represents a 16.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Joseph A. Sprague sold 9,500 shares of Alaska Air Group stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $68.90, for a total transaction of $654,550.00. Following the completion of the transaction, the chief executive officer now directly owns 9,840 shares in the company, valued at approximately $677,976. The trade was a 49.12 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 154,725 shares of company stock worth $11,217,263. 0.68% of the stock is currently owned by company insiders.

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Alaska Air Group Trading Down 0.2 %

Shares of NYSE:ALK traded down $0.10 during midday trading on Friday, hitting $52.75. The company had a trading volume of 25,756,306 shares, compared to its average volume of 2,463,988. 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, Inc. has a 12 month low of $32.62 and a 12 month high of $78.08. The firm has a fifty day simple moving average of $67.77 and a 200 day simple moving average of $56.77. The stock has a market cap of $6.49 billion, a price-to-earnings ratio of 17.30, a PEG ratio of 0.43 and a beta of 1.50.

Alaska Air Group (NYSE:ALK - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The transportation company reported $0.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.52. Alaska Air Group had a return on equity of 14.66% and a net margin of 3.37%. On average, analysts predict that Alaska Air Group, Inc. will post 6.03 EPS for the current year.

Analysts Set New Price Targets

ALK has been the topic of a number of recent analyst reports. Citigroup reduced their price objective on Alaska Air Group from $83.00 to $81.00 and set a "buy" rating on the stock in a research note on Tuesday. UBS Group reduced their price target 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. The Goldman Sachs Group raised their price objective on shares of Alaska Air Group from $70.00 to $79.00 and gave the company a "buy" rating in a research report on Tuesday, January 14th. Morgan Stanley upped their target price 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. Finally, Susquehanna raised shares of Alaska Air Group from a "neutral" rating to a "positive" rating and set a $95.00 price target for the company in a report on Tuesday, January 7th. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Alaska Air Group currently has a consensus 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.