Invesco Ltd. Has $44.59 Million Position in Alaska Air Group, Inc. (NYSE:ALK)

Invesco Ltd. raised its position in Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 3.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 688,667 shares of the transportation company's stock after acquiring an additional 24,132 shares during the period. Invesco Ltd. owned approximately 0.54% of Alaska Air Group worth $44,591,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in Alaska Air Group by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 13,651,876 shares of the transportation company's stock valued at $883,959,000 after acquiring an additional 56,409 shares during the period. FMR LLC raised its position in shares of Alaska Air Group by 328.7% during the 4th quarter. FMR LLC now owns 4,649,388 shares of the transportation company's stock valued at $301,048,000 after buying an additional 3,564,749 shares during the period. Boston Partners boosted its position in shares of Alaska Air Group by 6.9% during the 4th quarter. Boston Partners now owns 3,460,959 shares of the transportation company's stock worth $224,121,000 after purchasing an additional 222,780 shares during the period. Geode Capital Management LLC boosted its stake in shares of Alaska Air Group by 3.9% in the third quarter. Geode Capital Management LLC now owns 2,061,596 shares of the transportation company's stock valued at $93,229,000 after purchasing an additional 78,186 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Alaska Air Group by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,432,052 shares of the transportation company's stock worth $92,725,000 after buying an additional 9,805 shares during the period. Institutional investors and hedge funds own 81.90% of the company's stock.

Insider Activity at Alaska Air Group

In related news, CEO Joseph A. Sprague sold 9,500 shares of the company's stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $68.90, for a total transaction of $654,550.00. Following the transaction, the chief executive officer now owns 9,840 shares in the company, valued at $677,976. This represents a 49.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Andrea L. Schneider sold 1,830 shares of the stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $73.32, for a total value of $134,175.60. Following the completion of the transaction, the senior vice president now owns 20,286 shares in the company, valued at $1,487,369.52. The trade was a 8.27 % 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. 1.00% of the stock is owned by corporate insiders.

Alaska Air Group Stock Performance

Shares of NYSE:ALK traded up $0.43 during trading hours on Friday, hitting $45.08. The stock had a trading volume of 2,267,011 shares, compared to its average volume of 2,592,068. Alaska Air Group, Inc. has a 1-year low of $32.62 and a 1-year high of $78.08. The stock's fifty day simple moving average is $57.21 and its 200 day simple moving average is $57.82. 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 firm has a market capitalization of $5.53 billion, a price-to-earnings ratio of 14.78, a PEG ratio of 0.43 and a beta of 1.37.

Alaska Air Group (NYSE:ALK - Get Free Report) last posted its quarterly earnings results 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 return on equity of 14.66% and a net margin of 3.37%. Sell-side analysts anticipate that Alaska Air Group, Inc. will post 6.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on the stock. UBS Group lowered shares of Alaska Air Group from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $75.00 to $54.00 in a research note on Monday, April 7th. JPMorgan Chase & Co. boosted their target price on shares of Alaska Air Group from $85.00 to $89.00 and gave the company an "overweight" rating in a research note on Monday, March 3rd. Citigroup lowered their target price on shares of Alaska Air Group from $83.00 to $81.00 and set a "buy" rating for the company in a report on Tuesday, March 18th. Susquehanna cut their target price on shares of Alaska Air Group from $95.00 to $55.00 and set a "positive" rating on the stock in a research note on Monday, April 7th. Finally, TD Cowen raised their target price on Alaska Air Group from $85.00 to $110.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Alaska Air Group has an average rating of "Moderate Buy" and a consensus target price of $70.15.

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.