Truxt Investmentos Ltda. Takes Position in Alaska Air Group, Inc. (NYSE:ALK)

Truxt Investmentos Ltda. 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 44,813 shares of the transportation company's stock, valued at approximately $2,907,000. Alaska Air Group makes up approximately 4.7% of Truxt Investmentos Ltda.'s investment portfolio, making the stock its 9th biggest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Avior Wealth Management LLC lifted its holdings in shares of Alaska Air Group by 44.8% during the fourth quarter. Avior Wealth Management LLC now owns 588 shares of the transportation company's stock valued at $38,000 after purchasing an additional 182 shares during the last quarter. Pacific Center for Financial Services purchased a new position in Alaska Air Group during the third quarter valued at $45,000. Venturi Wealth Management LLC boosted 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 worth $46,000 after acquiring an additional 474 shares in the last quarter. True Wealth Design LLC bought a new stake in Alaska Air Group in the third quarter worth $52,000. Finally, Quarry LP grew its stake in shares of Alaska Air Group by 259.3% in the third quarter. Quarry LP now owns 1,175 shares of the transportation company's stock worth $53,000 after acquiring an additional 848 shares during the last quarter. 81.90% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Alaska Air Group news, CFO Shane R. Tackett sold 22,893 shares of the company's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $75.74, for a total value of $1,733,915.82. Following the completion of the transaction, the chief financial officer now directly owns 31,873 shares in the company, valued at $2,414,061.02. This represents a 41.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Muehlen Constance E. Von sold 4,000 shares of Alaska Air Group stock in a transaction on Friday, December 13th. The shares were sold at an average price of $63.09, for a total transaction of $252,360.00. Following the transaction, the chief operating officer now owns 12,162 shares in the company, valued at approximately $767,300.58. This trade represents a 24.75 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 182,598 shares of company stock valued at $12,912,156. 0.68% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on ALK shares. Melius upgraded shares of Alaska Air Group from a "hold" rating to a "buy" rating and set a $56.00 price target on the stock in a research note on Monday, October 28th. Bank of America upped 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 note on Friday, January 17th. TD Cowen raised their price target on shares of Alaska Air Group from $85.00 to $110.00 and gave the company a "buy" rating in a research report on Friday, January 24th. Morgan Stanley upped their price objective on Alaska Air Group from $70.00 to $90.00 and gave the company an "overweight" rating in a research report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. increased their target price on Alaska Air Group from $58.00 to $85.00 and gave the company an "overweight" rating in a research note on Wednesday, December 11th. One equities research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $76.69.

Alaska Air Group Stock Performance

Shares of NYSE ALK traded down $5.39 during midday trading on Friday, hitting $69.97. 3,760,134 shares of the company's stock traded hands, compared to its average volume of 2,785,302. The firm has a fifty day moving average of $69.26 and a 200 day moving average of $53.30. Alaska Air Group, Inc. has a 1 year low of $32.62 and a 1 year 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 stock has a market capitalization of $8.61 billion, a price-to-earnings ratio of 22.94, a price-to-earnings-growth ratio of 0.69 and a beta of 1.55.

Alaska Air Group (NYSE:ALK - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The transportation company reported $0.97 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.52. Alaska Air Group had a net margin of 3.37% and a return on equity of 14.66%. On average, 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.