Alaska Air Group, Inc. (NYSE:ALK) Holdings Raised by Barclays PLC

Barclays PLC lifted its holdings in Alaska Air Group, Inc. (NYSE:ALK) by 1.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,058,564 shares of the transportation company’s stock after buying an additional 18,233 shares during the quarter. Barclays PLC owned approximately 0.83% of Alaska Air Group worth $47,857,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Altshuler Shaham Ltd bought a new stake in shares of Alaska Air Group during the second quarter valued at approximately $28,000. Pacific Center for Financial Services bought a new stake in shares of Alaska Air Group during the 3rd quarter worth about $45,000. Venturi Wealth Management LLC lifted its stake in shares of Alaska Air Group by 86.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,025 shares of the transportation company’s stock worth $46,000 after acquiring an additional 474 shares during the period. Pacifica Partners Inc. boosted its holdings in shares of Alaska Air Group by 952.4% in the third quarter. Pacifica Partners Inc. now owns 1,105 shares of the transportation company’s stock valued at $50,000 after acquiring an additional 1,000 shares in the last quarter. Finally, True Wealth Design LLC acquired a new position in shares of Alaska Air Group during the third quarter valued at approximately $52,000. Institutional investors own 81.90% of the company’s stock.

Alaska Air Group Trading Down 1.0 %

NYSE:ALK opened at $63.42 on Friday. The stock has a market cap of $8.05 billion, a PE ratio of 25.57, a price-to-earnings-growth ratio of 1.23 and a beta of 1.60. Alaska Air Group, Inc. has a fifty-two week low of $32.62 and a fifty-two week high of $65.62. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.60 and a quick ratio of 0.57. The stock’s 50-day moving average is $50.11 and its two-hundred day moving average is $42.87.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings data on Thursday, October 31st. The transportation company reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.03. Alaska Air Group had a net margin of 2.99% and a return on equity of 12.81%. The firm had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3 billion. During the same period in the previous year, the firm posted $1.83 earnings per share. The firm’s revenue was up 8.2% on a year-over-year basis. As a group, equities research analysts forecast that Alaska Air Group, Inc. will post 4.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on ALK shares. The Goldman Sachs Group restated a “buy” rating and issued a $70.00 target price on shares of Alaska Air Group in a research report on Friday, November 15th. Melius Research raised Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a report on Monday, October 28th. Bank of America upped their price target on shares of Alaska Air Group from $50.00 to $55.00 and gave the company a “buy” rating in a report on Friday, September 13th. TD Cowen lifted their price objective on shares of Alaska Air Group from $68.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Evercore ISI dropped their target price on shares of Alaska Air Group from $60.00 to $55.00 and set an “outperform” rating on the stock in a report on Thursday, October 3rd. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $64.00.

Insider Buying and Selling

In related news, SVP Andrea L. Schneider sold 3,700 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $63.50, for a total transaction of $234,950.00. Following the transaction, the senior vice president now owns 21,086 shares of the company’s stock, valued at approximately $1,338,961. This trade represents a 14.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Andrew R. Harrison sold 13,880 shares of Alaska Air Group stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $64.01, for a total transaction of $888,458.80. Following the completion of the sale, the executive vice president now owns 20,638 shares of the company’s stock, valued at $1,321,038.38. This trade represents a 40.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,580 shares of company stock worth $1,441,209. Corporate 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.