Interval Partners LP Takes $50.51 Million Position in Alaska Air Group, Inc. (NYSE:ALK)

Interval Partners LP acquired a new position in shares of Alaska Air Group, Inc. (NYSE:ALK) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 780,036 shares of the transportation company’s stock, valued at approximately $50,507,000. Alaska Air Group accounts for 1.0% of Interval Partners LP’s holdings, making the stock its 24th biggest holding. Interval Partners LP owned 0.61% of Alaska Air Group as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jefferies Financial Group Inc. bought a new position in shares of Alaska Air Group during the 4th quarter valued at about $224,000. Gotham Asset Management LLC lifted its stake in Alaska Air Group by 7.6% in the fourth quarter. Gotham Asset Management LLC now owns 157,567 shares of the transportation company’s stock valued at $10,202,000 after buying an additional 11,133 shares in the last quarter. Deutsche Bank AG boosted its holdings in shares of Alaska Air Group by 6.5% in the fourth quarter. Deutsche Bank AG now owns 46,882 shares of the transportation company’s stock valued at $3,036,000 after buying an additional 2,849 shares during the period. Driehaus Capital Management LLC bought a new stake in shares of Alaska Air Group during the fourth quarter worth $37,562,000. Finally, EHP Funds Inc. acquired a new stake in shares of Alaska Air Group during the fourth quarter worth $1,068,000. 81.90% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Andrew R. Harrison sold 6,600 shares of Alaska Air Group stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $76.28, for a total value of $503,448.00. Following the completion of the sale, the executive vice president now owns 34,030 shares in the company, valued at $2,595,808.40. The trade was a 16.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Muehlen Constance E. Von sold 22,157 shares of the company’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 value of $1,664,433.84. Following the transaction, the chief operating officer now directly 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 disclosure for this sale can be found here. Insiders have sold 51,683 shares of company stock valued at $3,903,453 in the last ninety days. 1.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

ALK has been the subject of a number of research analyst reports. The Goldman Sachs Group upped their target price on shares of Alaska Air Group from $70.00 to $79.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. JPMorgan Chase & Co. increased their price objective on Alaska Air Group from $85.00 to $89.00 and gave the stock an “overweight” rating in a report on Monday, March 3rd. UBS Group lowered Alaska Air Group from a “buy” rating to a “neutral” rating and dropped their target price for the company from $75.00 to $54.00 in a research report on Monday, April 7th. Susquehanna decreased their price target on shares of Alaska Air Group from $95.00 to $55.00 and set a “positive” rating for the company in a research note on Monday, April 7th. Finally, Barclays lowered their price objective on shares of Alaska Air Group from $62.00 to $55.00 and set an “overweight” rating on the stock in a report on Friday, April 25th. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $65.92.

Alaska Air Group Stock Down 1.6 %

Shares of ALK opened at $51.92 on Friday. The stock has a market capitalization of $6.37 billion, a PE ratio of 17.02, a P/E/G ratio of 0.43 and a beta of 1.41. 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 firm’s 50 day moving average is $49.31 and its 200-day moving average is $58.11. Alaska Air Group, Inc. has a 12 month low of $32.62 and a 12 month high of $78.08.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings data on Wednesday, April 23rd. The transportation company reported ($0.77) earnings per share 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 net margin of 3.37% and a return on equity of 14.66%. The business’s quarterly revenue was up 40.5% compared to the same quarter last year. During the same period last year, the business earned ($0.92) earnings per share. Equities research analysts forecast that Alaska Air Group, Inc. will post 6.03 EPS for the current year.

About Alaska Air Group

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.