Alaska Air Group, Inc. (NYSE:ALK) Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC boosted its holdings in Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 63.9% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 31,391 shares of the transportation company's stock after buying an additional 12,244 shares during the period. Natixis Advisors LLC's holdings in Alaska Air Group were worth $2,033,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ALK. Geode Capital Management LLC grew 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 buying an additional 78,186 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Alaska Air Group by 0.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,593,756 shares of the transportation company's stock valued at $72,054,000 after purchasing an additional 6,977 shares during the period. Charles Schwab Investment Management Inc. lifted its position 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 purchasing an additional 9,805 shares in the last quarter. Hennessy Advisors Inc. purchased a new stake in Alaska Air Group during the 4th quarter worth $82,459,000. Finally, FMR LLC increased its position in shares of Alaska Air Group by 32.4% during the third quarter. FMR LLC now owns 1,084,639 shares of the transportation company's stock worth $49,037,000 after acquiring an additional 265,343 shares during the last quarter. 81.90% of the stock is owned by institutional investors and hedge funds.

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Insider Activity at Alaska Air Group

In related news, EVP Andrew R. Harrison sold 91,745 shares of the business's 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 of the company's stock, valued at $1,468,187.32. The trade was a 81.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed 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 transaction, the senior vice president now directly owns 20,286 shares of the company's stock, valued at approximately $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. Insiders have sold a total of 154,725 shares of company stock worth $11,217,263 over the last ninety days. 0.68% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on ALK. The Goldman Sachs Group upped their target price on Alaska Air Group from $70.00 to $79.00 and gave the company a "buy" rating in a research report on Tuesday, January 14th. UBS Group reduced their price objective on shares of Alaska Air Group from $87.00 to $75.00 and set a "buy" rating on the stock in a research note on Thursday, March 20th. Bank of America boosted their target price on shares of Alaska Air Group from $70.00 to $80.00 and gave the stock a "buy" rating in a research report on Friday, January 17th. Morgan Stanley lifted their price target on Alaska Air Group from $70.00 to $90.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 11th. Finally, Susquehanna raised Alaska Air Group from a "neutral" rating to a "positive" rating and set a $95.00 price objective for the company in a report on Tuesday, January 7th. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $77.00.

Alaska Air Group Stock Performance

Alaska Air Group stock traded down $2.34 during midday trading on Friday, reaching $50.16. 3,314,321 shares of the stock traded hands, compared to its average volume of 2,534,987. The firm has a fifty day moving average price of $66.39 and a two-hundred day moving average price of $57.35. The firm has a market cap of $6.15 billion, a price-to-earnings ratio of 16.45, a PEG ratio of 0.43 and a beta of 1.50. The company has a current ratio of 0.61, a quick ratio of 0.58 and a debt-to-equity ratio of 1.04. Alaska Air Group, Inc. has a fifty-two week low of $32.62 and a fifty-two week high of $78.08.

Alaska Air Group (NYSE:ALK - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The transportation company reported $0.97 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%. On average, equities research analysts forecast that Alaska Air Group, Inc. will post 6.03 earnings per share for the current year.

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.