Sunpointe LLC Acquires New Position in Alaska Air Group, Inc. (NYSE:ALK)

Sunpointe LLC acquired a new position in shares of Alaska Air Group, Inc. (NYSE:ALK) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 10,600 shares of the transportation company’s stock, valued at approximately $686,000.

A number of other large investors have also recently bought and sold shares of ALK. Avior Wealth Management LLC boosted 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 acquiring an additional 182 shares during the period. Pacific Center for Financial Services bought a new stake in Alaska Air Group in the 3rd quarter valued at about $45,000. Venturi Wealth Management LLC lifted its position in Alaska Air Group by 86.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,025 shares of the transportation company’s stock valued at $46,000 after purchasing an additional 474 shares during the last quarter. True Wealth Design LLC acquired a new position in Alaska Air Group during the 3rd quarter valued at about $52,000. Finally, Quarry LP grew its position in Alaska Air Group by 259.3% in the 3rd quarter. Quarry LP now owns 1,175 shares of the transportation company’s stock worth $53,000 after purchasing an additional 848 shares during the last quarter. Institutional investors own 81.90% of the company’s stock.

Analyst Ratings Changes

ALK has been the subject of several analyst reports. The Goldman Sachs Group boosted their price objective on Alaska Air Group from $70.00 to $79.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Barclays boosted their price target on Alaska Air Group from $55.00 to $80.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. raised their price target on Alaska Air Group from $58.00 to $85.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Susquehanna raised shares of Alaska Air Group from a “neutral” rating to a “positive” rating and set a $95.00 price objective for the company in a report on Tuesday, January 7th. Finally, Melius raised 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 research note on Monday, October 28th. One investment analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, Alaska Air Group has a consensus rating of “Moderate Buy” and a consensus target price of $74.86.

Insider Activity

In other news, CFO Shane R. Tackett sold 5,000 shares of the business’s 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 sale, the chief financial officer now owns 27,362 shares in the company, valued at $1,739,128.72. The trade was a 15.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Andrew R. Harrison sold 13,880 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $64.01, for a total transaction of $888,458.80. Following the completion of the sale, the executive vice president now owns 20,638 shares of the company’s stock, valued at approximately $1,321,038.38. This trade represents a 40.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 182,598 shares of company stock valued at $12,912,156 over the last three months. Insiders own 0.68% of the company’s stock.

Alaska Air Group Stock Up 1.7 %

NYSE ALK opened at $76.65 on Thursday. Alaska Air Group, Inc. has a 12 month low of $32.62 and a 12 month high of $78.08. The company has a market capitalization of $9.73 billion, a P/E ratio of 25.13, a PEG ratio of 0.69 and a beta of 1.55. The company’s 50 day simple moving average is $68.87 and its 200 day simple moving average is $52.88. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.61 and a quick ratio of 0.58.

Alaska Air Group (NYSE:ALK) last posted its quarterly earnings results on Wednesday, January 22nd. The transportation company reported $0.97 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts expect that Alaska Air Group, Inc. will post 6.03 earnings per share 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.