Alaska Air Group, Inc. (NYSE:ALK) Shares Bought by WINTON GROUP Ltd

WINTON GROUP Ltd grew its holdings in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 148.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 128,939 shares of the transportation company's stock after buying an additional 77,134 shares during the period. WINTON GROUP Ltd owned 0.10% of Alaska Air Group worth $8,349,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. FMR LLC raised its holdings in 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 purchasing an additional 265,343 shares in the last quarter. Bank of Montreal Can boosted its stake in Alaska Air Group by 54.7% in the third quarter. Bank of Montreal Can now owns 57,577 shares of the transportation company's stock valued at $2,591,000 after acquiring an additional 20,347 shares in the last quarter. Friedenthal Financial acquired a new stake in shares of Alaska Air Group during the fourth quarter worth about $772,000. Quantbot Technologies LP grew its stake in Alaska Air Group by 156.3% during the 3rd quarter. Quantbot Technologies LP now owns 83,777 shares of the transportation company's stock worth $3,788,000 after buying an additional 51,096 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in Alaska Air Group by 4.1% during the third quarter. Franklin Resources Inc. now owns 633,514 shares of the transportation company's stock worth $28,312,000 after buying an additional 24,796 shares during the period. 81.90% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. UBS Group decreased their target price on shares of Alaska Air Group from $87.00 to $75.00 and set a "buy" rating for the company in a research note on Thursday, March 20th. Bank of America boosted their target price on Alaska Air Group from $70.00 to $80.00 and gave the stock a "buy" rating in a research report on Friday, January 17th. JPMorgan Chase & Co. raised their price target on Alaska Air Group from $85.00 to $89.00 and gave the company an "overweight" rating in a research report on Monday, March 3rd. Susquehanna upgraded 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. Finally, Citigroup decreased their price objective on Alaska Air Group from $83.00 to $81.00 and set a "buy" rating on the stock in a research note on Tuesday, March 18th. One equities research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $77.00.

Insider Buying and Selling

In related news, CEO Joseph A. Sprague sold 9,500 shares of the company's stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $68.90, for a total transaction of $654,550.00. Following the sale, the chief executive officer now directly owns 9,840 shares of the company's stock, valued at approximately $677,976. This represents a 49.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Shane R. Tackett sold 22,893 shares of the firm's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $75.74, for a total transaction of $1,733,915.82. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 154,725 shares of company stock valued at $11,217,263 in the last quarter. Company insiders own 0.68% of the company's stock.

Alaska Air Group Trading Down 3.7 %

Shares of ALK traded down $1.88 during mid-day trading on Monday, hitting $48.45. The company had a trading volume of 1,197,408 shares, compared to its average volume of 3,281,396. The company has a quick ratio of 0.58, a current ratio of 0.61 and a debt-to-equity ratio of 1.04. The stock has a market cap of $5.94 billion, a PE ratio of 15.91, a P/E/G ratio of 0.43 and a beta of 1.50. The business's 50-day simple moving average is $66.07 and its 200-day simple moving average is $57.68. Alaska Air Group, Inc. has a 1-year low of $32.62 and a 1-year high of $78.08.

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

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.