Caprock Group LLC Invests $203,000 in Alaska Air Group, Inc. (NYSE:ALK)

Caprock Group LLC purchased a new stake in shares of Alaska Air Group, Inc. (NYSE:ALK) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,132 shares of the transportation company’s stock, valued at approximately $203,000.

Several other institutional investors have also added to or reduced their stakes in the company. Avior Wealth Management LLC boosted its position in shares of Alaska Air Group by 44.8% during the 4th quarter. Avior Wealth Management LLC now owns 588 shares of the transportation company’s stock valued at $38,000 after acquiring an additional 182 shares during the last quarter. Pacific Center for Financial Services purchased a new stake in Alaska Air Group during the third quarter valued at $45,000. Venturi Wealth Management LLC lifted its position in Alaska Air Group by 86.0% during the third quarter. Venturi Wealth Management LLC now owns 1,025 shares of the transportation company’s stock valued at $46,000 after purchasing an additional 474 shares during the last quarter. True Wealth Design LLC purchased a new position in shares of Alaska Air Group in the 3rd quarter worth $52,000. Finally, Quarry LP increased its holdings in shares of Alaska Air Group by 259.3% in the 3rd quarter. Quarry LP now owns 1,175 shares of the transportation company’s stock worth $53,000 after buying an additional 848 shares during the last quarter. Hedge funds and other institutional investors own 81.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ALK. JPMorgan Chase & Co. increased their price target on shares of Alaska Air Group from $58.00 to $85.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Citigroup lifted their target price on Alaska Air Group from $63.00 to $74.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Morgan Stanley increased their price target on Alaska Air Group from $70.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Melius Research upgraded Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a research report on Monday, October 28th. Finally, The Goldman Sachs Group boosted their price objective 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. One investment analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $74.86.

Insider Buying and Selling at Alaska Air Group

In other Alaska Air Group news, CEO Joseph A. Sprague sold 2,325 shares of Alaska Air Group stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $64.38, for a total transaction of $149,683.50. Following the completion of the sale, the chief executive officer now owns 19,340 shares of the company’s stock, valued at approximately $1,245,109.20. The trade was a 10.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Shane R. Tackett sold 5,000 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $63.56, for a total value of $317,800.00. Following the sale, the chief financial officer now owns 27,362 shares in the company, valued at approximately $1,739,128.72. The trade was a 15.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 137,548 shares of company stock worth $9,513,807 over the last three months. Corporate insiders own 0.92% of the company’s stock.

Alaska Air Group Trading Up 2.1 %

NYSE ALK opened at $75.96 on Friday. Alaska Air Group, Inc. has a one year low of $32.62 and a one year high of $76.33. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.58 and a current ratio of 0.61. The company has a market capitalization of $9.64 billion, a price-to-earnings ratio of 24.91, a price-to-earnings-growth ratio of 0.66 and a beta of 1.55. The company’s 50-day simple moving average is $65.92 and its two-hundred day simple moving average is $50.72.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.52. Alaska Air Group had a net margin of 3.37% and a return on equity of 14.66%. Equities analysts forecast that Alaska Air Group, Inc. will post 6.03 EPS for the current fiscal 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.