NBC Securities Inc. Sells 1,163 Shares of Alaska Air Group, Inc. (NYSE:ALK)

NBC Securities Inc. cut its holdings in shares of Alaska Air Group, Inc. (NYSE:ALK) by 62.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 708 shares of the transportation company’s stock after selling 1,163 shares during the period. NBC Securities Inc.’s holdings in Alaska Air Group were worth $31,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Massmutual Trust Co. FSB ADV lifted its position in shares of Alaska Air Group by 215.8% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 761 shares of the transportation company’s stock worth $30,000 after buying an additional 520 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its holdings in shares of Alaska Air Group by 255.5% in the fourth 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 during the last quarter. Itau Unibanco Holding S.A. boosted its stake in shares of 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 valued at $34,000 after purchasing an additional 748 shares in the last quarter. Principal Securities Inc. bought a new stake in shares of Alaska Air Group during the 4th quarter valued at approximately $39,000. Finally, Parallel Advisors LLC increased its position in Alaska Air Group by 28.4% during the 4th quarter. Parallel Advisors LLC now owns 1,688 shares of the transportation company’s stock worth $66,000 after purchasing an additional 373 shares in the last quarter. Institutional investors and hedge funds own 81.90% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. TD Cowen raised their target price on shares of Alaska Air Group from $49.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Evercore ISI boosted their price objective on Alaska Air Group from $55.00 to $65.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. Bank of America increased their target price on Alaska Air Group from $50.00 to $56.00 and gave the company a “buy” rating in a research report on Friday, April 19th. UBS Group began coverage on Alaska Air Group in a report on Wednesday, March 20th. They set a “buy” rating and a $54.00 price target on the stock. Finally, Susquehanna raised their price objective on shares of Alaska Air Group from $40.00 to $42.00 and gave the company a “neutral” rating in a report on Friday, April 19th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $56.60.

Alaska Air Group Stock Performance

Shares of ALK opened at $41.82 on Tuesday. The firm’s fifty day simple moving average is $42.62 and its two-hundred day simple moving average is $39.84. Alaska Air Group, Inc. has a 12 month low of $30.75 and a 12 month high of $57.18. The company has a current ratio of 0.65, a quick ratio of 0.63 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $5.31 billion, a P/E ratio of 22.36, a price-to-earnings-growth ratio of 0.55 and a beta of 1.61.

Alaska Air Group (NYSE:ALK) last announced its earnings results on Thursday, April 18th. The transportation company reported ($0.92) EPS for the quarter, beating the consensus estimate of ($1.09) by $0.17. The company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.18 billion. Alaska Air Group had a return on equity of 13.54% and a net margin of 2.34%. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.62) EPS. As a group, analysts predict that Alaska Air Group, Inc. will post 4.69 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.