Massar Capital Management LP Takes Position in Alaska Air Group, Inc. (NYSE:ALK)

Massar Capital Management LP purchased a new stake in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 29,264 shares of the transportation company's stock, valued at approximately $1,895,000. Alaska Air Group makes up approximately 2.2% of Massar Capital Management LP's investment portfolio, making the stock its 14th biggest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ALK. Avior Wealth Management LLC boosted its position 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 purchasing an additional 182 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in Alaska Air Group in the fourth quarter worth $52,000. Wilmington Savings Fund Society FSB bought a new stake in Alaska Air Group in the third quarter worth $59,000. EverSource Wealth Advisors LLC grew its stake in shares of Alaska Air Group by 61.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 955 shares of the transportation company's stock worth $62,000 after acquiring an additional 364 shares during the last quarter. Finally, Millstone Evans Group LLC bought a new position in shares of Alaska Air Group during the fourth quarter valued at $76,000. 81.90% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Alaska Air Group

In other Alaska Air Group news, EVP Andrew R. Harrison sold 6,600 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 34,030 shares in the company, valued at $2,595,808.40. This represents a 16.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Shane R. Tackett sold 22,893 shares of Alaska Air Group stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $75.74, for a total transaction of $1,733,915.82. Following the sale, the chief financial officer now owns 31,873 shares in the company, valued at approximately $2,414,061.02. The trade was a 41.80 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 154,725 shares of company stock worth $11,217,263. 0.92% of the stock is owned by corporate insiders.

Alaska Air Group Stock Performance

Shares of NYSE ALK traded down $4.64 during trading on Thursday, hitting $41.47. The company had a trading volume of 11,150,721 shares, compared to its average volume of 2,628,263. Alaska Air Group, Inc. has a 12 month low of $32.62 and a 12 month high of $78.08. 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 $5.09 billion, a P/E ratio of 13.60, a price-to-earnings-growth ratio of 0.43 and a beta of 1.37. The stock has a 50 day simple moving average of $54.78 and a 200 day simple moving average of $57.85.

Alaska Air Group (NYSE:ALK - Get Free Report) last released its earnings results on Wednesday, April 23rd. The transportation company reported ($0.77) EPS for the quarter, missing analysts' consensus estimates of ($0.72) by ($0.05). The firm had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.19 billion. Alaska Air Group had a return on equity of 14.66% and a net margin of 3.37%. As a group, analysts anticipate that Alaska Air Group, Inc. will post 6.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

ALK has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their target price on Alaska Air Group from $85.00 to $89.00 and gave the stock an "overweight" rating in a report on Monday, March 3rd. The Goldman Sachs Group boosted their target price on Alaska Air Group from $70.00 to $79.00 and gave the stock a "buy" rating in a research report on Tuesday, January 14th. Barclays dropped their price target on shares of Alaska Air Group from $80.00 to $62.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Citigroup decreased 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 report on Tuesday, March 18th. Finally, TD Cowen raised their target price on shares of Alaska Air Group from $85.00 to $110.00 and gave the stock a "buy" rating in a report on Friday, January 24th. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat.com, Alaska Air Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $70.15.

Alaska Air Group Company 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.