JB Capital LLC Purchases 3,130 Shares of Alaska Air Group, Inc. (NYSE:ALK)

JB Capital LLC boosted its position in shares of Alaska Air Group, Inc. (NYSE:ALKFree Report) by 18.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,898 shares of the transportation company’s stock after purchasing an additional 3,130 shares during the period. JB Capital LLC’s holdings in Alaska Air Group were worth $777,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV grew its stake in Alaska Air Group by 215.8% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 761 shares of the transportation company’s stock worth $30,000 after acquiring an additional 520 shares in the last quarter. Creative Financial Designs Inc. ADV grew its stake in Alaska Air Group by 255.5% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 775 shares of the transportation company’s stock worth $30,000 after acquiring an additional 557 shares in the last quarter. Covestor Ltd grew its stake in Alaska Air Group by 416.4% in the 1st quarter. Covestor Ltd now owns 568 shares of the transportation company’s stock worth $33,000 after acquiring an additional 458 shares in the last quarter. Itau Unibanco Holding S.A. grew its stake in Alaska Air Group by 456.1% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 912 shares of the transportation company’s stock worth $34,000 after acquiring an additional 748 shares in the last quarter. Finally, Tucker Asset Management LLC grew its stake in Alaska Air Group by 448.6% in the 2nd quarter. Tucker Asset Management LLC now owns 812 shares of the transportation company’s stock worth $43,000 after acquiring an additional 664 shares in the last quarter. 81.90% of the stock is currently owned by institutional investors.

Alaska Air Group Stock Down 3.0 %

NYSE ALK traded down $1.28 during trading on Tuesday, hitting $41.79. The company’s stock had a trading volume of 246,636 shares, compared to its average volume of 2,436,345. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.61 and a quick ratio of 0.58. The company has a market cap of $5.27 billion, a PE ratio of 23.27, a P/E/G ratio of 0.83 and a beta of 1.63. The business’s 50 day simple moving average is $37.97 and its 200-day simple moving average is $36.76. Alaska Air Group, Inc. has a fifty-two week low of $30.75 and a fifty-two week high of $57.18.

Alaska Air Group (NYSE:ALKGet Free Report) last issued its quarterly earnings results on Thursday, January 25th. The transportation company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.12. The business had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.53 billion. Alaska Air Group had a return on equity of 14.72% and a net margin of 2.25%. The company’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the company earned $0.92 earnings per share. On average, equities analysts anticipate that Alaska Air Group, Inc. will post 4.62 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. TD Cowen dropped their target price on shares of Alaska Air Group from $45.00 to $40.00 and set an “outperform” rating on the stock in a research note on Friday, January 26th. Susquehanna lowered shares of Alaska Air Group from a “positive” rating to a “neutral” rating and lifted their price objective for the company from $39.00 to $40.00 in a report on Wednesday, January 10th. Deutsche Bank Aktiengesellschaft upgraded Alaska Air Group from a “hold” rating to a “buy” rating and upped their target price for the stock from $44.00 to $51.00 in a report on Tuesday, February 20th. StockNews.com raised Alaska Air Group from a “sell” rating to a “hold” rating in a research report on Saturday, March 9th. Finally, Melius downgraded Alaska Air Group from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $55.93.

View Our Latest Stock Report on Alaska Air Group

Insiders Place Their Bets

In related news, EVP Andrew R. Harrison sold 6,500 shares of Alaska Air Group stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $38.36, for a total transaction of $249,340.00. Following the completion of the sale, the executive vice president now owns 26,048 shares of the company’s stock, valued at $999,201.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.40% of the company’s stock.

Alaska Air Group Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding ALK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alaska Air Group, Inc. (NYSE:ALKFree Report).

Institutional Ownership by Quarter for Alaska Air Group (NYSE:ALK)

Receive News & Ratings for Alaska Air Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alaska Air Group and related companies with MarketBeat.com's FREE daily email newsletter.