Alaska Air Group, Inc. (NYSE:ALK) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. increased its holdings in Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 313.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 117,050 shares of the transportation company's stock after acquiring an additional 88,734 shares during the period. Victory Capital Management Inc. owned approximately 0.09% of Alaska Air Group worth $7,579,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the company. Jag Capital Management LLC lifted its stake in Alaska Air Group by 1.5% during the fourth quarter. Jag Capital Management LLC now owns 74,398 shares of the transportation company's stock worth $4,817,000 after purchasing an additional 1,128 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in 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. Sage Rhino Capital LLC lifted its stake in Alaska Air Group by 13.4% during the fourth quarter. Sage Rhino Capital LLC now owns 5,326 shares of the transportation company's stock worth $345,000 after purchasing an additional 629 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Alaska Air Group during the fourth quarter worth $52,000. Finally, Jones Financial Companies Lllp lifted its stake in Alaska Air Group by 77.8% during the fourth quarter. Jones Financial Companies Lllp now owns 5,221 shares of the transportation company's stock worth $338,000 after purchasing an additional 2,284 shares in the last quarter. 81.90% of the stock is currently owned by institutional investors and hedge funds.

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Alaska Air Group Stock Down 5.2 %

NYSE:ALK traded down $2.88 during trading hours on Tuesday, hitting $52.27. The company's stock had a trading volume of 3,678,144 shares, compared to its average volume of 2,363,878. The stock has a market capitalization of $6.43 billion, a P/E ratio of 17.14, a price-to-earnings-growth ratio of 0.43 and a beta of 1.50. The stock has a fifty day moving average of $68.54 and a 200-day moving average of $56.71. 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 52-week low of $32.62 and a 52-week high of $78.08.

Alaska Air Group (NYSE:ALK - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.97 earnings per share (EPS) for the quarter, topping 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 analysts forecast that Alaska Air Group, Inc. will post 6.03 earnings per share for the current year.

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 dated 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 transaction, the chief financial officer now directly owns 31,873 shares in the company, valued at approximately $2,414,061.02. This represents a 41.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Andrew R. Harrison sold 6,600 shares of the company's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $76.28, for a total transaction of $503,448.00. Following the transaction, the executive vice president now owns 34,030 shares in the company, valued at $2,595,808.40. The trade was a 16.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 159,179 shares of company stock valued at $11,503,659 over the last quarter. 0.68% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ALK. Morgan Stanley upped 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. TD Cowen increased their price objective on Alaska Air Group from $85.00 to $110.00 and gave the company a "buy" rating in a research note on Friday, January 24th. UBS Group increased their price objective on Alaska Air Group from $81.00 to $82.00 and gave the company a "buy" rating in a research note on Tuesday, January 7th. Susquehanna upgraded Alaska Air Group from a "neutral" rating to a "positive" rating and set a $95.00 price objective on the stock in a research note on Tuesday, January 7th. Finally, The Goldman Sachs Group increased their price objective on Alaska Air Group from $70.00 to $79.00 and gave the company a "buy" rating in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $77.54.

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.