Credit Capital Investments LLC Purchases New Shares in Alaska Air Group, Inc. (NYSE:ALK)

Credit Capital Investments LLC purchased a new stake in shares of Alaska Air Group, Inc. (NYSE:ALK) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 10,000 shares of the transportation company’s stock, valued at approximately $648,000. Alaska Air Group makes up about 0.8% of Credit Capital Investments LLC’s investment portfolio, making the stock its 17th largest position.

Other large investors also recently made changes to their positions in the company. Avior Wealth Management LLC lifted its position 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 purchasing an additional 182 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in Alaska Air Group in the fourth quarter worth about $52,000. EverSource Wealth Advisors LLC raised its position in Alaska Air Group by 61.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 955 shares of the transportation company’s stock worth $62,000 after acquiring an additional 364 shares during the period. Pacific Center for Financial Services bought a new stake in Alaska Air Group in the third quarter worth about $45,000. Finally, True Wealth Design LLC bought a new stake in Alaska Air Group in the third quarter worth about $52,000. 81.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on ALK. Susquehanna raised shares of Alaska Air Group from a “neutral” rating to a “positive” rating and set a $95.00 price objective on the stock in a research report on Tuesday, January 7th. TD Cowen lifted their price objective on shares of Alaska Air Group from $85.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Morgan Stanley lifted their price objective on shares of Alaska Air Group from $70.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. UBS Group boosted their price target on shares of Alaska Air Group from $81.00 to $82.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Finally, Citigroup lowered their price target on shares of Alaska Air Group from $83.00 to $81.00 and set a “buy” rating on the stock in a research report on Tuesday. One research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Alaska Air Group presently has an average rating of “Moderate Buy” and an average price target of $77.54.

Alaska Air Group Price Performance

Shares of NYSE:ALK opened at $52.27 on Wednesday. The company has a 50 day moving average of $68.28 and a 200 day moving average of $56.82. The stock has a market cap of $6.43 billion, a P/E ratio of 17.14, a P/E/G ratio of 0.43 and a beta of 1.50. Alaska Air Group, Inc. has a 12 month low of $32.62 and a 12 month high of $78.08. 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 (NYSE:ALK) last issued its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.97 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%. As a group, sell-side analysts forecast that Alaska Air Group, Inc. will post 6.03 EPS for the current fiscal year.

Insiders Place Their Bets

In other Alaska Air Group news, CFO Shane R. Tackett sold 22,893 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $75.74, for a total value of $1,733,915.82. Following the completion of the transaction, the chief financial officer now owns 31,873 shares of the company’s stock, valued at $2,414,061.02. The trade was a 41.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Andrew R. Harrison sold 6,600 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $76.28, for a total transaction of $503,448.00. Following the completion of the transaction, the executive vice president now directly owns 34,030 shares of the company’s stock, valued at approximately $2,595,808.40. This represents a 16.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 155,525 shares of company stock valued at $11,268,375 in the last quarter. Corporate insiders own 0.68% of the company’s stock.

About Alaska Air Group

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.