Savant Capital LLC Has $407,000 Stake in Alaska Air Group, Inc. (NYSE:ALK)

Savant Capital LLC boosted its holdings in Alaska Air Group, Inc. (NYSE:ALK) by 3.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,284 shares of the transportation company’s stock after purchasing an additional 206 shares during the quarter. Savant Capital LLC’s holdings in Alaska Air Group were worth $407,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of ALK. Hennessy Advisors Inc. acquired a new stake in Alaska Air Group in the 4th quarter valued at $82,459,000. Assenagon Asset Management S.A. grew its position in Alaska Air Group by 2,087.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 762,889 shares of the transportation company’s stock valued at $34,490,000 after purchasing an additional 728,019 shares during the period. Wellington Management Group LLP acquired a new stake in Alaska Air Group in the 3rd quarter valued at $26,390,000. Charles Schwab Investment Management Inc. grew its position in Alaska Air Group by 45.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,422,247 shares of the transportation company’s stock valued at $64,300,000 after purchasing an additional 442,331 shares during the period. Finally, FMR LLC grew its position in Alaska Air Group by 32.4% in the 3rd quarter. FMR LLC now owns 1,084,639 shares of the transportation company’s stock valued at $49,037,000 after purchasing an additional 265,343 shares during the period. Institutional investors and hedge funds own 81.90% of the company’s stock.

Insider Activity at Alaska Air Group

In related news, CFO Shane R. Tackett sold 22,893 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $75.74, for a total value of $1,733,915.82. Following the sale, the chief financial officer now directly owns 31,873 shares in the company, valued at approximately $2,414,061.02. The trade was a 41.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Andrea L. Schneider sold 800 shares of the business’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $63.89, for a total value of $51,112.00. Following the completion of the sale, the senior vice president now owns 20,286 shares in the company, valued at $1,296,072.54. This represents a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 160,441 shares of company stock worth $11,247,722. Company insiders own 0.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. The Goldman Sachs Group lifted their price target on shares of Alaska Air Group from $70.00 to $79.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Susquehanna upgraded Alaska Air Group from a “neutral” rating to a “positive” rating and set a $95.00 price objective on the stock in a research note on Tuesday, January 7th. TD Cowen raised their price objective on Alaska Air Group from $85.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Citigroup raised their price objective on Alaska Air Group from $63.00 to $74.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Finally, Morgan Stanley raised their price objective on Alaska Air Group from $70.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. One analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $74.86.

Alaska Air Group Trading Up 4.3 %

NYSE ALK opened at $75.65 on Monday. The stock has a market capitalization of $9.60 billion, a price-to-earnings ratio of 24.80, a PEG ratio of 0.67 and a beta of 1.55. Alaska Air Group, Inc. has a one year low of $32.62 and a one year high of $76.45. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.61 and a quick ratio of 0.58. The business’s fifty day moving average is $67.91 and its 200-day moving average is $52.15.

Alaska Air Group (NYSE:ALK) last released its earnings results on Wednesday, January 22nd. The transportation company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.52. Alaska Air Group had a return on equity of 14.66% and a net margin of 3.37%. Equities research analysts predict that Alaska Air Group, Inc. will post 6.03 EPS for the current year.

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.