15,694 Shares in Alaska Air Group, Inc. (NYSE:ALK) Bought by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. acquired a new position in shares of Alaska Air Group, Inc. (NYSE:ALK) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 15,694 shares of the transportation company’s stock, valued at approximately $772,000.

Several other institutional investors and hedge funds have also modified their holdings of ALK. Vanguard Group Inc. increased its holdings in Alaska Air Group by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 13,651,876 shares of the transportation company’s stock worth $883,959,000 after purchasing an additional 56,409 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Alaska Air Group by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,225,054 shares of the transportation company’s stock worth $403,076,000 after purchasing an additional 56,740 shares in the last quarter. FMR LLC increased its holdings in Alaska Air Group by 328.7% in the 4th quarter. FMR LLC now owns 4,649,388 shares of the transportation company’s stock worth $301,048,000 after purchasing an additional 3,564,749 shares in the last quarter. Boston Partners increased its holdings in Alaska Air Group by 6.9% in the 4th quarter. Boston Partners now owns 3,460,959 shares of the transportation company’s stock worth $224,121,000 after purchasing an additional 222,780 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its holdings in Alaska Air Group by 134.0% in the 4th quarter. Point72 Asset Management L.P. now owns 2,134,221 shares of the transportation company’s stock worth $138,191,000 after purchasing an additional 1,222,277 shares in the last quarter. 81.90% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on ALK. Citigroup lowered 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. upped their target price on Alaska Air Group from $85.00 to $89.00 and gave the stock an “overweight” rating in a report on Monday, March 3rd. Bank of America lowered their price objective on Alaska Air Group from $80.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, April 3rd. Barclays lowered their price objective on Alaska Air Group from $62.00 to $55.00 and set an “overweight” rating for the company in a research report on Friday, April 25th. Finally, TD Cowen raised their price objective on Alaska Air Group from $54.00 to $62.00 and gave the stock a “buy” rating in a research report on Friday, April 25th. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Alaska Air Group has an average rating of “Moderate Buy” and an average price target of $66.83.

Alaska Air Group Trading Down 1.9%

Shares of ALK stock opened at $48.62 on Thursday. The company has a market cap of $5.97 billion, a P/E ratio of 17.68, a PEG ratio of 0.50 and a beta of 1.44. The stock has a 50 day simple moving average of $49.10 and a two-hundred day simple moving average of $57.92. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.52 and a current ratio of 0.56. Alaska Air Group, Inc. has a fifty-two week low of $32.62 and a fifty-two week high of $78.08.

Alaska Air Group (NYSE:ALK) last issued its earnings results on Wednesday, April 23rd. The transportation company reported ($0.77) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.72) by ($0.05). The business had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.19 billion. Alaska Air Group had a return on equity of 15.01% and a net margin of 2.86%. The company’s revenue for the quarter was up 40.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.92) earnings per share. Research analysts forecast that Alaska Air Group, Inc. will post 6.03 earnings per share for the current year.

Insiders Place Their Bets

In other Alaska Air Group news, VP Emily Halverson sold 2,946 shares of the firm’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $51.34, for a total value of $151,247.64. Following the completion of the sale, the vice president now owns 8,253 shares of the company’s stock, valued at approximately $423,709.02. This trade represents a 26.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Andrew R. Harrison sold 7,500 shares of the firm’s stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $53.51, for a total value of $401,325.00. Following the completion of the sale, the executive vice president now directly owns 26,530 shares of the company’s stock, valued at $1,419,620.30. This trade represents a 22.04% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,479 shares of company stock worth $554,228. 1.00% of the stock is owned by corporate insiders.

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.