D.A. Davidson & CO. Has $10.06 Million Position in Alaska Air Group, Inc. $ALK

D.A. Davidson & CO. boosted its position in Alaska Air Group, Inc. (NYSE:ALK) by 8.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 203,227 shares of the transportation company’s stock after buying an additional 15,301 shares during the quarter. D.A. Davidson & CO.’s holdings in Alaska Air Group were worth $10,056,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brooklyn Investment Group raised its position in Alaska Air Group by 41.1% in the 1st quarter. Brooklyn Investment Group now owns 632 shares of the transportation company’s stock valued at $31,000 after buying an additional 184 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Alaska Air Group in the 1st quarter valued at approximately $71,000. KBC Group NV acquired a new stake in Alaska Air Group in the 1st quarter valued at approximately $76,000. State of Wyoming acquired a new stake in Alaska Air Group in the 1st quarter valued at approximately $92,000. Finally, UMB Bank n.a. raised its position in Alaska Air Group by 71.9% in the 2nd quarter. UMB Bank n.a. now owns 2,230 shares of the transportation company’s stock valued at $110,000 after buying an additional 933 shares during the last quarter. Institutional investors and hedge funds own 81.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Alaska Air Group in a research report on Wednesday, October 8th. Barclays lifted their target price on Alaska Air Group from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Thursday, July 10th. JPMorgan Chase & Co. boosted their price target on Alaska Air Group from $73.00 to $96.00 and gave the stock an “overweight” rating in a research report on Friday, September 12th. Raymond James Financial set a $68.00 price target on Alaska Air Group and gave the stock an “outperform” rating in a research report on Wednesday, October 1st. Finally, Susquehanna set a $58.00 price target on Alaska Air Group and gave the stock a “positive” rating in a research report on Friday, October 3rd. Thirteen equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.62.

Insider Transactions at Alaska Air Group

In related news, EVP Andrew R. Harrison sold 7,600 shares of the business’s stock in a transaction on Monday, July 28th. The stock was sold at an average price of $53.22, for a total value of $404,472.00. Following the completion of the sale, the executive vice president directly owned 18,930 shares in the company, valued at $1,007,454.60. The trade was a 28.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Kyle B. Levine sold 5,914 shares of the business’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $57.75, for a total value of $341,533.50. Following the completion of the sale, the senior vice president owned 20,917 shares of the company’s stock, valued at $1,207,956.75. This trade represents a 22.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 18,514 shares of company stock worth $1,031,306. 1.00% of the stock is owned by company insiders.

Alaska Air Group Stock Down 2.7%

NYSE:ALK opened at $47.69 on Thursday. The firm has a market capitalization of $5.50 billion, a price-to-earnings ratio of 19.38, a price-to-earnings-growth ratio of 0.77 and a beta of 1.40. Alaska Air Group, Inc. has a twelve month low of $39.79 and a twelve month high of $78.08. The stock’s 50 day moving average price is $55.35 and its two-hundred day moving average price is $51.76. The company has a quick ratio of 0.49, a current ratio of 0.52 and a debt-to-equity ratio of 1.14.

Alaska Air Group (NYSE:ALK) last issued its earnings results on Wednesday, July 23rd. The transportation company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.56 by $0.22. Alaska Air Group had a return on equity of 12.62% and a net margin of 2.33%.The company had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same period in the previous year, the company posted $2.55 EPS. The firm’s revenue for the quarter was up 27.9% compared to the same quarter last year. Equities research analysts expect that Alaska Air Group, Inc. will post 6.03 earnings per share 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.