Alaska Air Group, Inc. (NYSE:ALK) Shares Sold by Jackson Creek Investment Advisors LLC

Jackson Creek Investment Advisors LLC cut its stake in shares of Alaska Air Group, Inc. (NYSE:ALK) by 28.3% during the first quarter, Holdings Channel reports. The firm owned 23,573 shares of the transportation company’s stock after selling 9,296 shares during the quarter. Jackson Creek Investment Advisors LLC’s holdings in Alaska Air Group were worth $1,160,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Brighton Jones LLC boosted its holdings in shares of Alaska Air Group by 2,046.4% during the fourth quarter. Brighton Jones LLC now owns 96,932 shares of the transportation company’s stock worth $6,276,000 after purchasing an additional 92,416 shares during the period. HighTower Advisors LLC increased its stake in shares of Alaska Air Group by 20.6% in the fourth quarter. HighTower Advisors LLC now owns 12,773 shares of the transportation company’s stock worth $827,000 after acquiring an additional 2,186 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Alaska Air Group by 61.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 955 shares of the transportation company’s stock worth $62,000 after acquiring an additional 364 shares in the last quarter. Natixis Advisors LLC boosted its position in Alaska Air Group by 63.9% during the fourth quarter. Natixis Advisors LLC now owns 31,391 shares of the transportation company’s stock valued at $2,033,000 after purchasing an additional 12,244 shares during the last quarter. Finally, Corient Private Wealth LLC grew its stake in Alaska Air Group by 4.3% in the fourth quarter. Corient Private Wealth LLC now owns 21,736 shares of the transportation company’s stock valued at $1,407,000 after purchasing an additional 887 shares in the last quarter. 81.90% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Alaska Air Group

In other Alaska Air Group news, VP Emily Halverson sold 2,946 shares of the stock in a transaction 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 transaction, the vice president directly owned 8,253 shares in the company, valued at approximately $423,709.02. This trade represents a 26.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Andrew R. Harrison sold 7,500 shares of the business’s stock in a transaction on Monday, May 19th. The stock was sold at an average price of $53.51, for a total value of $401,325.00. Following the sale, the executive vice president owned 26,530 shares of the company’s stock, valued at approximately $1,419,620.30. The trade was a 22.04% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,479 shares of company stock valued at $554,228 in the last 90 days. 1.00% of the stock is currently owned by corporate insiders.

Alaska Air Group Price Performance

Shares of NYSE:ALK traded down $0.65 during trading on Friday, reaching $52.47. The stock had a trading volume of 209,817 shares, compared to its average volume of 3,249,467. The stock has a market capitalization of $6.44 billion, a PE ratio of 19.08, a P/E/G ratio of 0.55 and a beta of 1.41. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.56 and a quick ratio of 0.52. Alaska Air Group, Inc. has a 52 week low of $32.62 and a 52 week high of $78.08. The business’s 50-day moving average price is $50.81 and its 200 day moving average price is $56.49.

Alaska Air Group (NYSE:ALK) last announced 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). Alaska Air Group had a return on equity of 15.01% and a net margin of 2.86%. The company had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.19 billion. During the same period in the prior year, the firm posted ($0.92) earnings per share. The company’s revenue was up 40.5% on a year-over-year basis. As a group, equities analysts predict that Alaska Air Group, Inc. will post 6.03 earnings per share for the current year.

Analysts Set New Price Targets

ALK has been the topic of a number of research reports. UBS Group initiated coverage on Alaska Air Group in a report on Monday, July 7th. They issued a “neutral” rating and a $49.00 price objective on the stock. TD Cowen boosted their target price on shares of Alaska Air Group from $54.00 to $62.00 and gave the stock a “buy” rating in a research report on Friday, April 25th. Susquehanna cut their target price 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. Bank of America reduced their target price on shares of Alaska Air Group from $80.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, April 3rd. Finally, Barclays boosted their price target on Alaska Air Group from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Thursday, July 10th. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Alaska Air Group has a consensus rating of “Moderate Buy” and an average price target of $66.83.

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.