13,743 Shares in Alaska Air Group, Inc. (NYSE:ALK) Acquired by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd purchased a new position in Alaska Air Group, Inc. (NYSE:ALK - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,743 shares of the transportation company's stock, valued at approximately $890,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ALK. Hennessy Advisors Inc. bought a new position in Alaska Air Group in the 4th quarter worth $82,459,000. Wellington Management Group LLP bought a new position in shares of Alaska Air Group in the third quarter worth about $26,390,000. Charles Schwab Investment Management Inc. grew its position in shares of Alaska Air Group by 45.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,422,247 shares of the transportation company's stock worth $64,300,000 after purchasing an additional 442,331 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Alaska Air Group during the 4th quarter valued at approximately $24,241,000. Finally, FMR LLC lifted its holdings in Alaska Air Group by 32.4% in the 3rd quarter. FMR LLC now owns 1,084,639 shares of the transportation company's stock worth $49,037,000 after purchasing an additional 265,343 shares in the last quarter. 81.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ALK has been the subject of a number of research reports. 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. UBS Group dropped their price objective on shares of Alaska Air Group from $87.00 to $75.00 and set a "buy" rating for the company in a report on Thursday, March 20th. Citigroup reduced their target price on Alaska Air Group from $83.00 to $81.00 and set a "buy" rating on the stock in a report on Tuesday, March 18th. Bank of America increased their price target on Alaska Air Group from $70.00 to $80.00 and gave the company a "buy" rating in a research note on Friday, January 17th. Finally, The Goldman Sachs Group lifted their price objective on 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 equities research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $77.00.

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Alaska Air Group Trading Down 0.5 %

NYSE ALK traded down $0.25 on Tuesday, hitting $53.89. 2,300,863 shares of the stock were exchanged, compared to its average volume of 2,450,900. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.58 and a current ratio of 0.61. Alaska Air Group, Inc. has a 52-week low of $32.62 and a 52-week high of $78.08. The firm has a market capitalization of $6.61 billion, a P/E ratio of 17.67, a P/E/G ratio of 0.43 and a beta of 1.50. The stock has a fifty day moving average price of $67.22 and a two-hundred day moving average price of $57.30.

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

Insider Activity

In other Alaska Air Group news, EVP Andrew R. Harrison sold 6,600 shares of the company's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $76.28, for a total value of $503,448.00. Following the transaction, the executive vice president now owns 34,030 shares of the company's stock, valued at $2,595,808.40. This represents a 16.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Muehlen Constance E. Von sold 22,157 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $75.12, for a total value of $1,664,433.84. Following the completion of the sale, the chief operating officer now owns 20,026 shares in the company, valued at approximately $1,504,353.12. The trade was a 52.53 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 154,725 shares of company stock valued at $11,217,263. 0.68% of the stock is currently owned by insiders.

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.