Truxt Investmentos Ltda. Takes $2.91 Million Position in Alaska Air Group, Inc. (NYSE:ALK)

Truxt Investmentos Ltda. bought a new position in shares of Alaska Air Group, Inc. (NYSE:ALK) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 44,813 shares of the transportation company’s stock, valued at approximately $2,907,000. Alaska Air Group accounts for approximately 4.7% of Truxt Investmentos Ltda.’s portfolio, making the stock its 9th largest holding.

Several other institutional investors also recently bought and sold shares of ALK. Sunpointe LLC acquired a new position in shares of Alaska Air Group in the fourth quarter worth about $686,000. Ieq Capital LLC raised its holdings in Alaska Air Group by 227.7% in the 4th quarter. Ieq Capital LLC now owns 65,967 shares of the transportation company’s stock worth $4,271,000 after purchasing an additional 45,836 shares during the period. Plan Group Financial LLC boosted its position in Alaska Air Group by 3.3% during the fourth quarter. Plan Group Financial LLC now owns 8,136 shares of the transportation company’s stock worth $527,000 after purchasing an additional 257 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Alaska Air Group by 3.4% in the fourth quarter. Principal Financial Group Inc. now owns 627,685 shares of the transportation company’s stock valued at $40,643,000 after purchasing an additional 20,796 shares during the period. Finally, Capital Performance Advisors LLP increased its position in shares of Alaska Air Group by 110.2% in the fourth quarter. Capital Performance Advisors LLP now owns 3,118 shares of the transportation company’s stock valued at $202,000 after buying an additional 1,635 shares in the last quarter. 81.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ALK has been the topic of a number of research analyst reports. Barclays lifted their price target on shares of Alaska Air Group from $55.00 to $80.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. boosted their target price on shares of Alaska Air Group from $58.00 to $85.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. 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 note on Friday, January 24th. 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 note on Tuesday, January 14th. Finally, UBS Group increased their target price 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 analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, Alaska Air Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.86.

Alaska Air Group Trading Up 1.7 %

Shares of ALK stock opened at $76.65 on Thursday. 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 twelve month low of $32.62 and a twelve month high of $78.08. The company’s 50-day moving average price is $68.87 and its 200-day moving average price is $52.88. The stock has a market cap of $9.73 billion, a price-to-earnings ratio of 25.13, a PEG ratio of 0.69 and a beta of 1.55.

Alaska Air Group (NYSE:ALK) last issued its earnings results on Wednesday, January 22nd. The transportation company reported $0.97 EPS 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%. As a group, equities analysts predict that Alaska Air Group, Inc. will post 6.03 earnings per share for the current year.

Insider Activity at Alaska Air Group

In other Alaska Air Group news, CFO Shane R. Tackett sold 22,893 shares of Alaska Air Group 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 completion of the sale, the chief financial officer now directly owns 31,873 shares in the company, valued at $2,414,061.02. This trade represents a 41.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Emily Halverson sold 1,329 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $64.41, for a total transaction of $85,600.89. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 182,598 shares of company stock worth $12,912,156. Insiders own 0.68% of the company’s stock.

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.