Occudo Quantitative Strategies LP Boosts Stock Holdings in Alaska Air Group, Inc. (NYSE:ALK)

Occudo Quantitative Strategies LP boosted its stake in Alaska Air Group, Inc. (NYSE:ALK) by 152.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,895 shares of the transportation company’s stock after purchasing an additional 12,603 shares during the quarter. Occudo Quantitative Strategies LP’s holdings in Alaska Air Group were worth $1,353,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Avior Wealth Management LLC increased 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 purchasing an additional 182 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Alaska Air Group in the 4th quarter worth about $52,000. EverSource Wealth Advisors LLC increased its holdings in shares of Alaska Air Group by 61.6% in the 4th 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. Millstone Evans Group LLC purchased a new stake in shares of Alaska Air Group during the 4th quarter valued at about $76,000. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Alaska Air Group by 97.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,623 shares of the transportation company’s stock valued at $105,000 after acquiring an additional 803 shares during the last quarter. Hedge funds and other institutional investors own 81.90% of the company’s stock.

Alaska Air Group Trading Up 2.5%

ALK stock opened at $54.89 on Wednesday. Alaska Air Group, Inc. has a 12 month low of $32.62 and a 12 month high of $78.08. The firm’s 50-day moving average is $48.91 and its 200 day moving average is $58.23. The company has a market capitalization of $6.74 billion, a PE ratio of 18.00, a P/E/G ratio of 0.43 and a beta of 1.41. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.61 and a quick ratio of 0.58.

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 company had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.19 billion. During the same quarter in the prior year, the company earned ($0.92) earnings per share. Alaska Air Group’s revenue was up 40.5% on a year-over-year basis. On average, research analysts anticipate that Alaska Air Group, Inc. will post 6.03 EPS for the current year.

Wall Street Analysts Forecast Growth

ALK has been the topic of several analyst reports. Susquehanna reduced their price objective 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. Citigroup dropped their target price on Alaska Air Group from $83.00 to $81.00 and set a “buy” rating for the company in a report on Tuesday, March 18th. JPMorgan Chase & Co. increased their price target on Alaska Air Group from $85.00 to $89.00 and gave the company an “overweight” rating in a report on Monday, March 3rd. The Goldman Sachs Group raised their price target on Alaska Air Group from $70.00 to $79.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Finally, TD Cowen lifted their price objective on shares of Alaska Air Group from $54.00 to $62.00 and gave the stock a “buy” rating in a research note on Friday, April 25th. One research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $65.92.

Insider Buying and Selling at Alaska Air Group

In related news, EVP Andrew R. Harrison sold 6,600 shares of Alaska Air Group stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 34,030 shares of the company’s stock, valued at $2,595,808.40. This trade represents a 16.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Muehlen Constance E. Von sold 22,157 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $75.12, for a total transaction of $1,664,433.84. Following the completion of the transaction, the chief operating officer now directly owns 20,026 shares of the company’s stock, valued at $1,504,353.12. This trade represents a 52.53% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 28,790 shares of company stock valued at $2,169,537 in the last ninety days. Corporate insiders own 1.00% of the company’s stock.

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.