Alaska Air Group, Inc. $ALK Shares Newly Acquired by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP purchased a new position in Alaska Air Group, Inc. (NYSE:ALK) in the third quarter, HoldingsChannel reports. The firm purchased 28,007 shares of the transportation company’s stock, valued at approximately $1,118,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Aspire Capital Advisors LLC boosted its holdings in shares of Alaska Air Group by 4.2% in the second quarter. Aspire Capital Advisors LLC now owns 9,397 shares of the transportation company’s stock valued at $491,000 after acquiring an additional 375 shares in the last quarter. Parallel Advisors LLC raised its holdings in Alaska Air Group by 32.5% during the first quarter. Parallel Advisors LLC now owns 1,570 shares of the transportation company’s stock worth $58,000 after purchasing an additional 385 shares in the last quarter. Guidance Capital Inc. raised its holdings in Alaska Air Group by 2.2% during the third quarter. Guidance Capital Inc. now owns 19,172 shares of the transportation company’s stock worth $734,000 after purchasing an additional 420 shares in the last quarter. Waverly Advisors LLC raised its holdings in Alaska Air Group by 7.4% during the second quarter. Waverly Advisors LLC now owns 8,145 shares of the transportation company’s stock worth $425,000 after purchasing an additional 558 shares in the last quarter. Finally, Fortitude Family Office LLC lifted its position in Alaska Air Group by 323.5% in the third quarter. Fortitude Family Office LLC now owns 775 shares of the transportation company’s stock worth $30,000 after purchasing an additional 592 shares during the period. 81.90% of the stock is currently owned by institutional investors.

Alaska Air Group Stock Performance

NYSE:ALK opened at $41.08 on Thursday. Alaska Air Group, Inc. has a twelve month low of $32.33 and a twelve month high of $60.63. The company has a current ratio of 0.46, a quick ratio of 0.42 and a debt-to-equity ratio of 1.49. The company has a 50-day moving average of $38.77 and a 200-day moving average of $43.75. The firm has a market cap of $4.63 billion, a price-to-earnings ratio of -11.70 and a beta of 1.43.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings data on Tuesday, October 20th. The transportation company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.03). Alaska Air Group had a negative return on equity of 5.42% and a negative net margin of 2.58%. The business had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.31 billion. During the same period in the prior year, the firm earned $1.05 EPS. The business’s revenue for the quarter was up 14.4% on a year-over-year basis. Analysts forecast that Alaska Air Group, Inc. will post -4.45 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ALK. JPMorgan Chase & Co. cut their target price on Alaska Air Group from $92.00 to $74.00 and set an “overweight” rating for the company in a research report on Thursday, October 22nd. Barclays set a $52.00 price target on Alaska Air Group and gave the company an “overweight” rating in a research report on Friday, September 11th. Raymond James Financial reissued an “outperform” rating on shares of Alaska Air Group in a research note on Friday, September 25th. UBS Group dropped their price objective on Alaska Air Group from $51.00 to $48.00 and set a “buy” rating on the stock in a research note on Monday, November 2nd. Finally, Citigroup restated a “sell” rating and issued a $33.00 price objective (down from $37.00) on shares of Alaska Air Group in a report on Thursday, October 22nd. Ten research analysts have rated the stock with a Buy rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $52.38.

Insider Buying and Selling

In other Alaska Air Group news, CEO Benito Minicucci bought 25,000 shares of Alaska Air Group stock in a transaction that occurred on Thursday, August 20th. The stock was purchased at an average cost of $40.06 per share, for a total transaction of $1,001,500.00. Following the completion of the acquisition, the chief executive officer owned 256,582 shares of the company’s stock, valued at approximately $10,278,674.92. This represents a 10.80% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

Alaska Air Group Profile

Alaska Air Group is an airline holding company whose operations include Alaska Airlines, Hawaiian Airlines and regional carrier Horizon Air. Its businesses provide scheduled passenger and air-cargo services, along with related travel offerings. Based in Seattle, the group serves destinations across the United States and connects travelers to locations in Canada, Mexico, Central America and the Pacific, including Hawaii. Its airlines operate under their respective brands and serve a mix of domestic and international routes.