Point72 Hong Kong Ltd Boosts Position in Alaska Air Group, Inc. (NYSE:ALK)

Point72 Hong Kong Ltd grew its holdings in shares of Alaska Air Group, Inc. (NYSE:ALK) by 95.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 37,566 shares of the transportation company’s stock after buying an additional 18,388 shares during the period. Point72 Hong Kong Ltd’s holdings in Alaska Air Group were worth $2,432,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new position in shares of Alaska Air Group during the fourth quarter valued at approximately $52,000. Jones Financial Companies Lllp increased its stake in shares of Alaska Air Group by 77.8% during the fourth quarter. Jones Financial Companies Lllp now owns 5,221 shares of the transportation company’s stock valued at $338,000 after buying an additional 2,284 shares during the period. HighTower Advisors LLC increased its stake in shares of Alaska Air Group by 20.6% during the fourth quarter. HighTower Advisors LLC now owns 12,773 shares of the transportation company’s stock valued at $827,000 after buying an additional 2,186 shares during the period. US Bancorp DE increased its stake in shares of Alaska Air Group by 2.9% during the fourth quarter. US Bancorp DE now owns 21,772 shares of the transportation company’s stock valued at $1,410,000 after buying an additional 612 shares during the period. Finally, Barclays PLC increased its stake in shares of Alaska Air Group by 1.8% during the third quarter. Barclays PLC now owns 1,058,564 shares of the transportation company’s stock valued at $47,857,000 after buying an additional 18,233 shares during the period. 81.90% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Alaska Air Group

In other news, COO Muehlen Constance E. Von sold 22,157 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $75.12, for a total value of $1,664,433.84. Following the completion of the transaction, the chief operating officer now owns 20,026 shares in the company, valued at $1,504,353.12. The trade was a 52.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Andrew R. Harrison sold 6,600 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $76.28, for a total value of $503,448.00. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders sold 28,790 shares of company stock worth $2,169,537 over the last quarter. 1.00% of the stock is currently owned by insiders.

Alaska Air Group Trading Down 2.2%

Alaska Air Group stock opened at $52.97 on Friday. The company has a current ratio of 0.61, a quick ratio of 0.58 and a debt-to-equity ratio of 1.04. The business’s fifty day simple moving average is $48.73 and its two-hundred day simple moving average is $58.24. Alaska Air Group, Inc. has a 12 month low of $32.62 and a 12 month high of $78.08. The company has a market capitalization of $6.50 billion, a price-to-earnings ratio of 17.37, a price-to-earnings-growth ratio of 0.43 and a beta of 1.41.

Alaska Air Group (NYSE:ALK) last released its earnings results on Wednesday, April 23rd. The transportation company reported ($0.77) EPS for the quarter, missing the consensus estimate 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 period last year, the firm posted ($0.92) earnings per share. The company’s revenue was up 40.5% compared to the same quarter last year. As a group, equities analysts predict that Alaska Air Group, Inc. will post 6.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on ALK. Bank of America reduced their target price on Alaska Air Group from $80.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday, April 3rd. JPMorgan Chase & Co. lifted their price target on Alaska Air Group from $85.00 to $89.00 and gave the company an “overweight” rating in a research report on Monday, March 3rd. UBS Group lowered Alaska Air Group from a “buy” rating to a “neutral” rating and dropped their price target for the company from $75.00 to $54.00 in a research report on Monday, April 7th. Barclays dropped their price target on Alaska Air Group from $62.00 to $55.00 and set an “overweight” rating on the stock in a research report on Friday, April 25th. 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 investment analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $65.92.

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.