Quantinno Capital Management LP Purchases 10,626 Shares of Alaska Air Group, Inc. (NYSE:ALK)

Quantinno Capital Management LP boosted its position in shares of Alaska Air Group, Inc. (NYSE:ALK) by 13.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 91,950 shares of the transportation company’s stock after acquiring an additional 10,626 shares during the period. Quantinno Capital Management LP owned approximately 0.07% of Alaska Air Group worth $5,954,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Avior Wealth Management LLC increased its stake in 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 acquiring an additional 182 shares during the period. SBI Securities Co. Ltd. bought a new position in Alaska Air Group during the fourth quarter valued at about $52,000. EverSource Wealth Advisors LLC increased its stake in Alaska Air Group by 61.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 955 shares of the transportation company’s stock valued at $62,000 after acquiring an additional 364 shares during the period. Millstone Evans Group LLC bought a new position in Alaska Air Group during the fourth quarter valued at about $76,000. Finally, Smartleaf Asset Management LLC increased its stake in Alaska Air Group by 97.9% during the fourth 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 period. 81.90% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Alaska Air Group news, COO Muehlen Constance E. Von sold 22,157 shares of the company’s stock in a transaction 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 transaction, the chief operating officer now owns 20,026 shares of the company’s stock, valued at approximately $1,504,353.12. This represents a 52.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Andrew R. Harrison sold 6,600 shares of the company’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 transaction, the executive vice president now directly owns 34,030 shares in the company, 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. In the last quarter, insiders have sold 28,790 shares of company stock valued at $2,169,537. 1.00% of the stock is currently owned by corporate insiders.

Alaska Air Group Stock Up 1.4%

Shares of ALK opened at $53.71 on Friday. The company has a market capitalization of $6.59 billion, a P/E ratio of 17.61, a PEG 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, Inc. has a one year low of $32.62 and a one year high of $78.08. The business’s 50 day simple moving average is $48.73 and its 200-day simple moving average is $58.28.

Alaska Air Group (NYSE:ALK) last announced 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). The business had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.19 billion. Alaska Air Group had a return on equity of 14.66% and a net margin of 3.37%. The firm’s revenue was up 40.5% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.92) earnings per share. As a group, sell-side analysts predict that Alaska Air Group, Inc. will post 6.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Barclays lowered their price target on Alaska Air Group from $62.00 to $55.00 and set an “overweight” rating on the stock in a research note on Friday, April 25th. Citigroup decreased their price objective on Alaska Air Group from $83.00 to $81.00 and set a “buy” rating on the stock in a report on Tuesday, March 18th. TD Cowen lifted their price objective on Alaska Air Group from $54.00 to $62.00 and gave the company a “buy” rating in a report on Friday, April 25th. JPMorgan Chase & Co. lifted their price objective on Alaska Air Group from $85.00 to $89.00 and gave the company an “overweight” rating in a report on Monday, March 3rd. Finally, UBS Group downgraded Alaska Air Group from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $75.00 to $54.00 in a report on Monday, April 7th. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.