Mercer Global Advisors Inc. ADV bought a new position in shares of Alaska Air Group, Inc. (NYSE:ALK) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 5,080 shares of the transportation company’s stock, valued at approximately $309,000.

Other hedge funds also recently made changes to their positions in the company. We Are One Seven LLC bought a new stake in shares of Alaska Air Group during the fourth quarter worth approximately $34,000. North Star Investment Management Corp. bought a new stake in shares of Alaska Air Group during the fourth quarter worth approximately $49,000. Enlightenment Research LLC bought a new stake in shares of Alaska Air Group during the fourth quarter worth approximately $61,000. Legacy Financial Advisors Inc. raised its stake in shares of Alaska Air Group by 134.4% during the fourth quarter. Legacy Financial Advisors Inc. now owns 1,261 shares of the transportation company’s stock worth $77,000 after buying an additional 723 shares during the last quarter. Finally, Bremer Trust National Association bought a new stake in shares of Alaska Air Group during the fourth quarter worth approximately $94,000. Institutional investors own 88.30% of the company’s stock.

In other news, VP Christopher Michael Berry sold 750 shares of the stock in a transaction on Wednesday, February 13th. The shares were sold at an average price of $67.14, for a total transaction of $50,355.00. Following the completion of the sale, the vice president now owns 1,233 shares of the company’s stock, valued at $82,783.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Andrew R. Harrison sold 4,000 shares of the stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $62.93, for a total transaction of $251,720.00. Following the sale, the executive vice president now directly owns 22,167 shares of the company’s stock, valued at approximately $1,394,969.31. The disclosure for this sale can be found here. Insiders have sold 8,776 shares of company stock valued at $551,687 in the last three months. 0.43% of the stock is owned by insiders.

Several brokerages have commented on ALK. ValuEngine downgraded shares of Alaska Air Group from a “hold” rating to a “sell” rating in a research note on Tuesday, March 5th. TheStreet downgraded shares of Alaska Air Group from a “b-” rating to a “c” rating in a research note on Thursday, January 24th. Macquarie raised shares of Alaska Air Group from a “neutral” rating to an “outperform” rating and set a $63.48 target price for the company in a research note on Monday, January 28th. Imperial Capital reaffirmed an “outperform” rating and issued a $90.00 target price (down previously from $93.00) on shares of Alaska Air Group in a research note on Monday, January 28th. Finally, Credit Suisse Group set a $76.00 target price on shares of Alaska Air Group and gave the company a “buy” rating in a research note on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $76.03.

Shares of ALK stock opened at $61.67 on Monday. The company has a quick ratio of 0.59, a current ratio of 0.61 and a debt-to-equity ratio of 0.43. Alaska Air Group, Inc. has a 12-month low of $53.39 and a 12-month high of $74.83. The firm has a market cap of $7.62 billion, a PE ratio of 13.83, a P/E/G ratio of 0.71 and a beta of 0.81.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings data on Thursday, January 24th. The transportation company reported $0.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.02. Alaska Air Group had a net margin of 5.29% and a return on equity of 15.20%. The company had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter in the prior year, the firm earned $0.83 earnings per share. The firm’s revenue was up 6.3% compared to the same quarter last year. On average, research analysts anticipate that Alaska Air Group, Inc. will post 6.05 EPS for the current fiscal year.

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Alaska Air Group Profile

Alaska Air Group, Inc, through its subsidiaries, provides passenger and cargo air transportation services. The company operates through three segments: Mainline, Regional, and Horizon. It has a network of approximately 1,200 daily flights to 115 destinations across the United States, Mexico, Canada, and Costa Rica.

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Institutional Ownership by Quarter for Alaska Air Group (NYSE:ALK)

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