OneDigital Investment Advisors LLC Invests $202,000 in Alaska Air Group, Inc. (NYSE:ALK)

OneDigital Investment Advisors LLC purchased a new stake in shares of Alaska Air Group, Inc. (NYSE:ALK) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 3,115 shares of the transportation company’s stock, valued at approximately $202,000.

A number of other institutional investors also recently modified their holdings of ALK. Maryland State Retirement & Pension System lifted its position in shares of Alaska Air Group by 0.3% during the fourth quarter. Maryland State Retirement & Pension System now owns 49,905 shares of the transportation company’s stock worth $3,231,000 after acquiring an additional 147 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Alaska Air Group by 0.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 29,816 shares of the transportation company’s stock valued at $1,931,000 after purchasing an additional 160 shares during the period. Avior Wealth Management LLC lifted its holdings in Alaska Air Group by 44.8% during the 4th quarter. Avior Wealth Management LLC now owns 588 shares of the transportation company’s stock worth $38,000 after purchasing an additional 182 shares in the last quarter. Savant Capital LLC boosted its stake in Alaska Air Group by 3.4% in the 4th quarter. Savant Capital LLC now owns 6,284 shares of the transportation company’s stock worth $407,000 after purchasing an additional 206 shares during the period. Finally, Mutual of America Capital Management LLC grew its holdings in Alaska Air Group by 1.3% during the 4th quarter. Mutual of America Capital Management LLC now owns 19,229 shares of the transportation company’s stock valued at $1,245,000 after buying an additional 254 shares in the last quarter. 81.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Shane R. Tackett sold 22,893 shares of Alaska Air Group stock in a transaction 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 transaction, the chief financial officer now directly owns 31,873 shares of the company’s stock, valued at $2,414,061.02. The trade was a 41.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Andrew R. Harrison sold 6,600 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $76.28, for a total transaction of $503,448.00. Following the sale, the executive vice president now owns 34,030 shares of the company’s stock, valued at $2,595,808.40. This represents a 16.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 53,480 shares of company stock valued at $4,035,973. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Citigroup reduced their price objective on shares of Alaska Air Group from $83.00 to $81.00 and set a “buy” rating for the company in a research note on Tuesday, March 18th. The Goldman Sachs Group upped their price target on shares of Alaska Air Group from $70.00 to $79.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. UBS Group lowered Alaska Air Group from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $75.00 to $54.00 in a research note on Monday, April 7th. Susquehanna decreased their target price on Alaska Air Group from $95.00 to $55.00 and set a “positive” rating on the stock in a research note on Monday, April 7th. Finally, TD Cowen lifted their price target on Alaska Air Group from $54.00 to $62.00 and gave the company a “buy” rating in a research report on Friday, April 25th. One analyst has rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $65.92.

Alaska Air Group Trading Up 1.5 %

ALK stock opened at $43.66 on Wednesday. The company has a market capitalization of $5.36 billion, a PE ratio of 14.31, a price-to-earnings-growth ratio of 0.43 and a beta of 1.37. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.58 and a current ratio of 0.61. Alaska Air Group, Inc. has a one year low of $32.62 and a one year high of $78.08. The company’s 50 day moving average price is $52.81 and its two-hundred day moving average price is $57.94.

Alaska Air Group (NYSE:ALK) last issued its earnings results on Wednesday, April 23rd. The transportation company reported ($0.77) EPS for the quarter, missing analysts’ consensus estimates of ($0.72) by ($0.05). Alaska Air Group had a return on equity of 14.66% and a net margin of 3.37%. The business had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $3.19 billion. During the same quarter in the previous year, the business earned ($0.92) EPS. Alaska Air Group’s revenue for the quarter was up 40.5% compared to the same quarter last year. As a group, analysts predict 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.