10,000 Shares in Alaska Air Group, Inc. (NYSE:ALK) Bought by Credit Capital Investments LLC

Credit Capital Investments LLC purchased a new stake in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 10,000 shares of the transportation company's stock, valued at approximately $648,000. Alaska Air Group makes up about 0.8% of Credit Capital Investments LLC's portfolio, making the stock its 17th largest position.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Harvest Fund Management Co. Ltd bought a new stake in shares of Alaska Air Group during the fourth quarter valued at approximately $890,000. Privium Fund Management UK Ltd bought a new stake in shares of Alaska Air Group during the fourth quarter valued at approximately $1,105,000. North Forty Two & Co. bought a new stake in shares of Alaska Air Group during the fourth quarter valued at approximately $249,000. Maryland State Retirement & Pension System raised its stake in shares of Alaska Air Group by 0.3% during the fourth quarter. Maryland State Retirement & Pension System now owns 49,905 shares of the transportation company's stock valued at $3,231,000 after acquiring an additional 147 shares in the last quarter. Finally, Xponance Inc. raised its stake in shares of Alaska Air Group by 24.8% during the fourth quarter. Xponance Inc. now owns 5,910 shares of the transportation company's stock valued at $383,000 after acquiring an additional 1,174 shares in the last quarter. Institutional investors own 81.90% of the company's stock.

Insider Buying and Selling

In other Alaska Air Group news, SVP Andrea L. Schneider sold 1,830 shares of the stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $73.32, for a total transaction of $134,175.60. Following the sale, the senior vice president now directly owns 20,286 shares in the company, valued at $1,487,369.52. This represents a 8.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Andrew R. Harrison sold 91,745 shares of the stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $71.14, for a total transaction of $6,526,739.30. Following the sale, the executive vice president now owns 20,638 shares in the company, valued at approximately $1,468,187.32. This trade represents a 81.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 154,725 shares of company stock valued at $11,217,263. Company insiders own 0.68% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Bank of America boosted their price objective on shares of Alaska Air Group from $70.00 to $80.00 and gave the stock a "buy" rating in a research note on Friday, January 17th. TD Cowen boosted their price objective on shares of Alaska Air Group from $85.00 to $110.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. JPMorgan Chase & Co. boosted their price objective on shares of Alaska Air Group from $85.00 to $89.00 and gave the stock an "overweight" rating in a research note on Monday, March 3rd. Citigroup reduced their price objective on shares of Alaska Air Group from $83.00 to $81.00 and set a "buy" rating for the company in a research note on Tuesday, March 18th. Finally, The Goldman Sachs Group boosted their price objective on shares of Alaska Air Group from $70.00 to $79.00 and gave the stock a "buy" rating in a research note on Tuesday, January 14th. One investment 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 company presently has a consensus rating of "Moderate Buy" and an average target price of $77.00.

Alaska Air Group Price Performance

NYSE ALK traded down $0.10 during trading hours on Friday, hitting $52.75. 25,756,306 shares of the company's stock traded hands, compared to its average volume of 2,447,779. Alaska Air Group, Inc. has a 52-week low of $32.62 and a 52-week high of $78.08. The company has a market capitalization of $6.47 billion, a PE ratio of 17.30, a PEG ratio of 0.43 and a beta of 1.50. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.61 and a quick ratio of 0.58. The firm's 50-day moving average is $67.46 and its 200-day moving average is $57.18.

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

About Alaska Air Group

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.