Ieq Capital LLC Has $4.27 Million Stock Holdings in Alaska Air Group, Inc. (NYSE:ALK)

Ieq Capital LLC raised its holdings in Alaska Air Group, Inc. (NYSE:ALK) by 227.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 65,967 shares of the transportation company’s stock after acquiring an additional 45,836 shares during the quarter. Ieq Capital LLC’s holdings in Alaska Air Group were worth $4,271,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Plan Group Financial LLC lifted its stake in Alaska Air Group by 3.3% in the fourth quarter. Plan Group Financial LLC now owns 8,136 shares of the transportation company’s stock valued at $527,000 after acquiring an additional 257 shares during the last quarter. Principal Financial Group Inc. lifted its stake 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 acquiring an additional 20,796 shares during the last quarter. Capital Performance Advisors LLP raised 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 purchasing an additional 1,635 shares during the period. Nkcfo LLC bought a new position in shares of Alaska Air Group in the fourth quarter valued at approximately $1,101,000. Finally, Allworth Financial LP raised its position in shares of Alaska Air Group by 41.0% in the fourth quarter. Allworth Financial LP now owns 4,076 shares of the transportation company’s stock valued at $275,000 after purchasing an additional 1,186 shares during the period. 81.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Alaska Air Group

In other news, EVP Andrew R. Harrison sold 13,880 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $64.01, for a total value of $888,458.80. Following the sale, the executive vice president now owns 20,638 shares in the company, valued at approximately $1,321,038.38. The trade was a 40.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Andrea L. Schneider sold 3,700 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $63.50, for a total transaction of $234,950.00. Following the completion of the sale, the senior vice president now owns 21,086 shares in the company, valued at $1,338,961. This represents a 14.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 182,598 shares of company stock valued at $12,912,156 in the last 90 days. 0.68% of the stock is currently owned by company insiders.

Alaska Air Group Trading Down 7.2 %

Shares of Alaska Air Group stock opened at $69.97 on Friday. The firm has a market capitalization of $8.61 billion, a PE ratio of 22.94, a price-to-earnings-growth ratio of 0.69 and a beta of 1.55. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.61 and a quick ratio of 0.58. The company’s fifty day moving average price is $69.26 and its two-hundred day moving average price is $53.30. 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) last announced 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 net margin of 3.37% and a return on equity of 14.66%. On average, analysts expect that Alaska Air Group, Inc. will post 6.03 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ALK shares. Morgan Stanley lifted their price target on shares of Alaska Air Group from $70.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. 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 report on Thursday, November 14th. The Goldman Sachs Group lifted their price target on shares of Alaska Air Group from $70.00 to $79.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Citigroup lifted their price target on shares of Alaska Air Group from $63.00 to $74.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Finally, Bank of America lifted their price target on shares of Alaska Air Group from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, January 17th. One research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $76.69.

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.