Versor Investments LP Purchases 18,147 Shares of Alaska Air Group, Inc. $ALK

Versor Investments LP boosted its position in shares of Alaska Air Group, Inc. (NYSE:ALK) by 250.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,400 shares of the transportation company’s stock after acquiring an additional 18,147 shares during the period. Versor Investments LP’s holdings in Alaska Air Group were worth $1,257,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brooklyn Investment Group raised its stake in Alaska Air Group by 41.1% during the 1st quarter. Brooklyn Investment Group now owns 632 shares of the transportation company’s stock worth $31,000 after acquiring an additional 184 shares during the period. Assetmark Inc. raised its stake in Alaska Air Group by 2,162.3% during the 2nd quarter. Assetmark Inc. now owns 1,380 shares of the transportation company’s stock worth $68,000 after acquiring an additional 1,319 shares during the period. Headlands Technologies LLC bought a new stake in Alaska Air Group during the 1st quarter worth approximately $71,000. KBC Group NV bought a new stake in Alaska Air Group during the 1st quarter worth approximately $76,000. Finally, State of Wyoming bought a new stake in Alaska Air Group during the 1st quarter worth approximately $92,000. Institutional investors own 81.90% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Shane R. Tackett sold 5,000 shares of the firm’s stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $57.06, for a total value of $285,300.00. Following the completion of the transaction, the chief financial officer directly owned 43,335 shares of the company’s stock, valued at approximately $2,472,695.10. This trade represents a 10.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Kyle B. Levine sold 5,914 shares of the firm’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $57.75, for a total transaction of $341,533.50. Following the completion of the transaction, the senior vice president directly owned 20,917 shares of the company’s stock, valued at approximately $1,207,956.75. This trade represents a 22.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.00% of the company’s stock.

Alaska Air Group Trading Up 2.4%

ALK stock opened at $41.68 on Friday. The firm has a fifty day moving average price of $53.42 and a 200 day moving average price of $51.74. Alaska Air Group, Inc. has a fifty-two week low of $39.79 and a fifty-two week high of $78.08. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.49 and a current ratio of 0.52. The firm has a market cap of $4.81 billion, a PE ratio of 33.61, a price-to-earnings-growth ratio of 0.80 and a beta of 1.40.

Alaska Air Group (NYSE:ALK) last posted its earnings results on Thursday, October 23rd. The transportation company reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.06). Alaska Air Group had a net margin of 1.06% and a return on equity of 8.93%. The business had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.75 billion. During the same period last year, the business posted $2.25 earnings per share. The company’s revenue for the quarter was up 22.6% compared to the same quarter last year. Sell-side analysts anticipate that Alaska Air Group, Inc. will post 6.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on ALK. JPMorgan Chase & Co. increased their price objective on shares of Alaska Air Group from $73.00 to $96.00 and gave the company an “overweight” rating in a report on Friday, September 12th. UBS Group cut their price objective on shares of Alaska Air Group from $90.00 to $83.00 and set a “buy” rating for the company in a report on Monday, October 27th. Susquehanna set a $58.00 price objective on shares of Alaska Air Group and gave the company a “positive” rating in a report on Friday, October 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Alaska Air Group in a report on Wednesday, October 8th. Finally, Zacks Research lowered shares of Alaska Air Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 8th. Eleven investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Alaska Air Group currently has an average rating of “Moderate Buy” and a consensus target price of $73.55.

Alaska Air Group Company 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.