TriaGen Wealth Management LLC Buys New Stake in Alaska Air Group, Inc. (NYSE:ALK)

TriaGen Wealth Management LLC bought a new stake in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,966 shares of the transportation company's stock, valued at approximately $322,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ALK. Avior Wealth Management LLC increased its holdings in Alaska Air Group by 44.8% in the fourth quarter. Avior Wealth Management LLC now owns 588 shares of the transportation company's stock valued at $38,000 after buying an additional 182 shares in the last quarter. Pacific Center for Financial Services purchased a new position in Alaska Air Group in the third quarter valued at $45,000. Venturi Wealth Management LLC increased its holdings in Alaska Air Group by 86.0% in the third quarter. Venturi Wealth Management LLC now owns 1,025 shares of the transportation company's stock valued at $46,000 after buying an additional 474 shares in the last quarter. Pacifica Partners Inc. increased its holdings in Alaska Air Group by 952.4% in the third quarter. Pacifica Partners Inc. now owns 1,105 shares of the transportation company's stock valued at $50,000 after buying an additional 1,000 shares in the last quarter. Finally, True Wealth Design LLC purchased a new position in Alaska Air Group in the third quarter valued at $52,000. 81.90% of the stock is currently owned by institutional investors and hedge funds.

Alaska Air Group Stock Up 3.0 %

ALK traded up $2.18 during trading hours on Tuesday, hitting $75.67. 1,830,996 shares of the company's stock were exchanged, compared to its average volume of 2,857,715. Alaska Air Group, Inc. has a 12-month low of $32.62 and a 12-month high of $75.98. The firm has a 50 day moving average of $64.12 and a 200 day moving average of $49.86. The firm has a market cap of $9.61 billion, a P/E ratio of 24.78, a price-to-earnings-growth ratio of 0.66 and a beta of 1.55. 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 (NYSE:ALK - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The transportation company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.52. Alaska Air Group had a net margin of 3.37% and a return on equity of 14.66%. Analysts predict that Alaska Air Group, Inc. will post 6.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ALK. Citigroup boosted their target price on shares of Alaska Air Group from $63.00 to $74.00 and gave the company a "buy" rating in a report on Monday, December 16th. UBS Group boosted their target price on shares of Alaska Air Group from $81.00 to $82.00 and gave the company a "buy" rating in a report on Tuesday, January 7th. Susquehanna upgraded shares of Alaska Air Group from a "neutral" rating to a "positive" rating and set a $95.00 target price on the stock in a report on Tuesday, January 7th. Barclays boosted their target price on shares of Alaska Air Group from $55.00 to $80.00 and gave the company an "overweight" rating in a report on Thursday, November 14th. Finally, Melius upgraded shares of Alaska Air Group from a "hold" rating to a "buy" rating and set a $56.00 target price on the stock in a report on Monday, October 28th. One equities research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $74.86.

Insider Buying and Selling

In other Alaska Air Group news, CEO Joseph A. Sprague sold 2,325 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $64.38, for a total value of $149,683.50. Following the sale, the chief executive officer now directly owns 19,340 shares of the company's stock, valued at approximately $1,245,109.20. This represents a 10.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Shane R. Tackett sold 5,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $63.56, for a total transaction of $317,800.00. Following the completion of the sale, the chief financial officer now directly owns 27,362 shares in the company, valued at approximately $1,739,128.72. This represents a 15.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 137,548 shares of company stock valued at $9,513,807 in the last ninety days. Company insiders own 0.92% of the company's stock.

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.