Parametrica Management Ltd Purchases New Holdings in Alaska Air Group, Inc. (NYSE:ALK)

Parametrica Management Ltd bought a new position in Alaska Air Group, Inc. (NYSE:ALK) in the fourth quarter, HoldingsChannel reports. The fund bought 3,094 shares of the transportation company’s stock, valued at approximately $200,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Avior Wealth Management LLC raised its position in Alaska Air Group by 44.8% in the fourth quarter. Avior Wealth Management LLC now owns 588 shares of the transportation company’s stock worth $38,000 after acquiring an additional 182 shares during the period. SBI Securities Co. Ltd. bought a new stake in Alaska Air Group during the fourth quarter worth approximately $52,000. EverSource Wealth Advisors LLC lifted 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 buying an additional 364 shares during the last quarter. Pacific Center for Financial Services bought a new position in Alaska Air Group during the 3rd quarter valued at about $45,000. Finally, True Wealth Design LLC bought a new position in shares of Alaska Air Group during the third quarter valued at approximately $52,000. Institutional investors own 81.90% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on ALK. Bank of America lifted their target price on Alaska Air Group from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, January 17th. TD Cowen upped their target price on Alaska Air Group from $85.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, January 24th. UBS Group cut their target price on shares of Alaska Air Group from $87.00 to $75.00 and set a “buy” rating for the company in a report on Thursday, March 20th. 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 note on Tuesday, January 14th. Finally, Morgan Stanley boosted their price objective on Alaska Air Group from $70.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. One research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Alaska Air Group currently has an average rating of “Moderate Buy” and an average price target of $77.00.

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 stock was sold at an average price of $75.74, for a total value of $1,733,915.82. Following the sale, the chief financial officer now owns 31,873 shares of the company’s stock, valued at $2,414,061.02. This trade represents a 41.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Joseph A. Sprague sold 9,500 shares of the firm’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of $68.90, for a total transaction of $654,550.00. Following the completion of the transaction, the chief executive officer now directly owns 9,840 shares of the company’s stock, valued at $677,976. This represents a 49.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 154,725 shares of company stock worth $11,217,263 in the last 90 days. 0.68% of the stock is owned by company insiders.

Alaska Air Group Trading Down 0.5 %

Shares of NYSE ALK opened at $53.89 on Wednesday. The stock has a market capitalization of $6.61 billion, a P/E ratio of 17.67, a PEG ratio of 0.43 and a beta of 1.50. The stock’s 50 day moving average price is $66.94 and its two-hundred day moving average price is $57.41. The company has a quick ratio of 0.58, a current ratio of 0.61 and a debt-to-equity ratio of 1.04. 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 posted its quarterly earnings data 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 return on equity of 14.66% and a net margin of 3.37%. On average, analysts anticipate that Alaska Air Group, Inc. will post 6.03 earnings per share for the current fiscal year.

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.