Capital Advisors Wealth Management LLC Makes New $241,000 Investment in Alaska Air Group, Inc. (NYSE:ALK)

Capital Advisors Wealth Management LLC purchased a new position in shares of Alaska Air Group, Inc. (NYSE:ALK) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,715 shares of the transportation company’s stock, valued at approximately $241,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Altshuler Shaham Ltd acquired a new stake in Alaska Air Group during the 2nd quarter worth $28,000. Pacific Center for Financial Services bought a new stake in shares of Alaska Air Group in the third quarter worth about $45,000. Venturi Wealth Management LLC raised its position in shares of Alaska Air Group by 86.0% during the third quarter. Venturi Wealth Management LLC now owns 1,025 shares of the transportation company’s stock worth $46,000 after purchasing an additional 474 shares during the period. Pacifica Partners Inc. lifted its holdings in shares of Alaska Air Group by 952.4% during the 3rd quarter. Pacifica Partners Inc. now owns 1,105 shares of the transportation company’s stock valued at $50,000 after purchasing an additional 1,000 shares in the last quarter. Finally, True Wealth Design LLC acquired a new position in shares of Alaska Air Group in the 3rd quarter valued at approximately $52,000. Institutional investors and hedge funds own 81.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on ALK. Evercore ISI dropped their target price on shares of Alaska Air Group from $60.00 to $55.00 and set an “outperform” rating on the stock in a report on Thursday, October 3rd. Melius upgraded shares of Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a report on Monday, October 28th. Melius Research raised shares of Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research note on Monday, October 28th. The Goldman Sachs Group increased their target price on Alaska Air Group from $70.00 to $79.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, UBS Group boosted their price target on Alaska Air Group from $81.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $70.79.

Insider Activity

In related news, VP Emily Halverson sold 1,329 shares of the stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $64.41, for a total value of $85,600.89. Following the sale, the vice president now owns 7,150 shares in the company, valued at approximately $460,531.50. This represents a 15.67 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Joseph A. Sprague sold 2,325 shares of Alaska Air Group stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $64.38, for a total transaction of $149,683.50. Following the transaction, the chief executive officer now directly owns 19,340 shares of the company’s stock, valued at approximately $1,245,109.20. This trade represents a 10.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 34,473 shares of company stock valued at $2,198,342 in the last quarter. Company insiders own 0.92% of the company’s stock.

Alaska Air Group Stock Up 1.2 %

ALK stock opened at $67.46 on Friday. Alaska Air Group, Inc. has a twelve month low of $32.62 and a twelve month high of $69.10. The company has a market cap of $8.56 billion, a price-to-earnings ratio of 27.20, a P/E/G ratio of 0.67 and a beta of 1.54. The company has a quick ratio of 0.57, a current ratio of 0.60 and a debt-to-equity ratio of 0.93. The business has a 50 day moving average price of $59.87 and a two-hundred day moving average price of $47.09.

Alaska Air Group (NYSE:ALK) last released its earnings results on Thursday, October 31st. The transportation company reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.03. Alaska Air Group had a net margin of 2.99% and a return on equity of 12.81%. The business had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $3 billion. During the same period last year, the business earned $1.83 earnings per share. The firm’s revenue was up 8.2% on a year-over-year basis. Analysts anticipate that Alaska Air Group, Inc. will post 4.37 EPS for the current fiscal 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.