Wayfinding Financial LLC Makes New Investment in Alaska Air Group, Inc. (NYSE:ALK)

Wayfinding Financial LLC acquired a new position in shares of Alaska Air Group, Inc. (NYSE:ALK) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 4,004 shares of the transportation company’s stock, valued at approximately $259,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Victory Capital Management Inc. increased its position in shares of Alaska Air Group by 11.2% during the third quarter. Victory Capital Management Inc. now owns 28,316 shares of the transportation company’s stock worth $1,280,000 after acquiring an additional 2,858 shares during the last quarter. Natixis Advisors LLC increased its position in shares of Alaska Air Group by 54.2% during the third quarter. Natixis Advisors LLC now owns 19,147 shares of the transportation company’s stock worth $866,000 after acquiring an additional 6,734 shares during the last quarter. Quest Partners LLC increased its position in shares of Alaska Air Group by 1,531,200.0% during the third quarter. Quest Partners LLC now owns 15,313 shares of the transportation company’s stock worth $692,000 after acquiring an additional 15,312 shares during the last quarter. Prospera Financial Services Inc increased its position in shares of Alaska Air Group by 9.8% during the third quarter. Prospera Financial Services Inc now owns 7,763 shares of the transportation company’s stock worth $351,000 after acquiring an additional 695 shares during the last quarter. Finally, Landscape Capital Management L.L.C. purchased a new stake in shares of Alaska Air Group during the third quarter worth about $4,673,000. Institutional investors and hedge funds own 81.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ALK shares. Morgan Stanley lifted their target price on Alaska Air Group from $70.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Citigroup lowered their price objective on Alaska Air Group from $83.00 to $81.00 and set a “buy” rating for the company in a report on Tuesday. Bank of America boosted their price objective on Alaska Air Group from $70.00 to $80.00 and gave the company a “buy” rating in a report on Friday, January 17th. Susquehanna raised Alaska Air Group from a “neutral” rating to a “positive” rating and set a $95.00 price objective for the company in a report on Tuesday, January 7th. Finally, The Goldman Sachs Group boosted their price objective on Alaska Air Group from $70.00 to $79.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. One analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Alaska Air Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.00.

Alaska Air Group Stock Down 2.4 %

NYSE:ALK opened at $52.80 on Friday. The firm has a market capitalization of $6.50 billion, a PE ratio of 17.31, a price-to-earnings-growth ratio of 0.43 and a beta of 1.50. The stock has a 50 day moving average of $67.77 and a 200-day moving average of $56.77. Alaska Air Group, Inc. has a 52 week low of $32.62 and a 52 week high of $78.08. The company has a current ratio of 0.61, a quick ratio of 0.58 and a debt-to-equity ratio of 1.04.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.52. Alaska Air Group had a return on equity of 14.66% and a net margin of 3.37%. Analysts predict that Alaska Air Group, Inc. will post 6.03 EPS for the current year.

Insider Transactions at Alaska Air Group

In other news, CEO Joseph A. Sprague sold 9,500 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $68.90, for a total transaction of $654,550.00. Following the completion of the transaction, the chief executive officer now directly owns 9,840 shares in the company, valued at approximately $677,976. The trade was a 49.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Andrea L. Schneider sold 1,830 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $73.32, for a total value of $134,175.60. Following the transaction, the senior vice president now owns 20,286 shares of the company’s stock, valued at approximately $1,487,369.52. This represents a 8.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 154,725 shares of company stock worth $11,217,263. Company insiders own 0.68% of the company’s stock.

Alaska Air Group 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.