LSV Asset Management Has $1.26 Million Position in Alaska Air Group, Inc. (NYSE:ALK)

LSV Asset Management decreased its position in Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 92.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 19,499 shares of the transportation company's stock after selling 242,901 shares during the period. LSV Asset Management's holdings in Alaska Air Group were worth $1,263,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Avior Wealth Management LLC raised its stake in shares of Alaska Air Group by 44.8% in the 4th quarter. Avior Wealth Management LLC now owns 588 shares of the transportation company's stock worth $38,000 after buying an additional 182 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Alaska Air Group in the fourth quarter worth $52,000. EverSource Wealth Advisors LLC grew its holdings in shares of Alaska Air Group by 61.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 955 shares of the transportation company's stock valued at $62,000 after buying an additional 364 shares in the last quarter. Millstone Evans Group LLC acquired a new position in Alaska Air Group during the fourth quarter valued at $76,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Alaska Air Group in the 3rd quarter worth about $59,000. Institutional investors and hedge funds own 81.90% of the company's stock.

Alaska Air Group Stock Performance

ALK stock traded up $0.43 during midday trading on Friday, hitting $45.08. 2,267,011 shares of the company traded hands, compared to its average volume of 2,604,025. The stock has a market capitalization of $5.53 billion, a price-to-earnings ratio of 14.78, a price-to-earnings-growth ratio of 0.43 and a beta of 1.37. The company has a quick ratio of 0.58, a current ratio of 0.61 and a debt-to-equity ratio of 1.04. Alaska Air Group, Inc. has a twelve month low of $32.62 and a twelve month high of $78.08. The business has a 50 day simple moving average of $57.76 and a 200-day simple moving average of $57.82.

Alaska Air Group (NYSE:ALK - Get Free Report) last posted its quarterly earnings data 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 return on equity of 14.66% and a net margin of 3.37%. As a group, equities research analysts predict that Alaska Air Group, Inc. will post 6.03 earnings per share for the current year.

Insider Activity

In other Alaska Air Group news, EVP Andrew R. Harrison sold 91,745 shares of the stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $71.14, for a total value of $6,526,739.30. Following the completion of the sale, the executive vice president now directly owns 20,638 shares of the company's stock, valued at $1,468,187.32. This represents a 81.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Andrea L. Schneider sold 1,830 shares of the firm's stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $73.32, for a total transaction of $134,175.60. Following the completion of the sale, the senior vice president now owns 20,286 shares in the company, valued at $1,487,369.52. This represents a 8.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 154,725 shares of company stock valued at $11,217,263. 1.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ALK. UBS Group downgraded Alaska Air Group from a "buy" rating to a "neutral" rating and dropped their target price for the company from $75.00 to $54.00 in a report on Monday, April 7th. Susquehanna cut their target price on shares of Alaska Air Group from $95.00 to $55.00 and set a "positive" rating for the company in a research report on Monday, April 7th. The Goldman Sachs Group boosted their price target on shares of Alaska Air Group from $70.00 to $79.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. Barclays cut their price objective on Alaska Air Group from $80.00 to $62.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. boosted their target price on Alaska Air Group from $85.00 to $89.00 and gave the company an "overweight" rating in a research note on Monday, March 3rd. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Alaska Air Group presently has a consensus rating of "Moderate Buy" and a consensus price target 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.