Occudo Quantitative Strategies LP Boosts Stock Position in Alaska Air Group, Inc. (NYSE:ALK)

Occudo Quantitative Strategies LP boosted its position in Alaska Air Group, Inc. (NYSE:ALK) by 152.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 20,895 shares of the transportation company’s stock after acquiring an additional 12,603 shares during the period. Occudo Quantitative Strategies LP’s holdings in Alaska Air Group were worth $1,353,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of ALK. Barclays PLC boosted its position in shares of Alaska Air Group by 1.8% in the 3rd quarter. Barclays PLC now owns 1,058,564 shares of the transportation company’s stock worth $47,857,000 after purchasing an additional 18,233 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Alaska Air Group by 1.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 19,753 shares of the transportation company’s stock valued at $1,279,000 after buying an additional 309 shares during the last quarter. Fifth Third Wealth Advisors LLC acquired a new stake in Alaska Air Group in the fourth quarter worth about $251,000. Capital Advisors Wealth Management LLC acquired a new stake in Alaska Air Group in the fourth quarter worth about $241,000. Finally, Hennessy Advisors Inc. purchased a new stake in shares of Alaska Air Group during the fourth quarter worth about $82,459,000. 81.90% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Andrew R. Harrison sold 6,600 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $76.28, for a total transaction of $503,448.00. Following the sale, the executive vice president now owns 34,030 shares in the company, valued at approximately $2,595,808.40. This trade represents a 16.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Muehlen Constance E. Von sold 22,157 shares of Alaska Air Group stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $75.12, for a total transaction of $1,664,433.84. Following the completion of the transaction, the chief operating officer now directly owns 20,026 shares of the company’s stock, valued at $1,504,353.12. The trade was a 52.53% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 28,790 shares of company stock valued at $2,169,537 in the last quarter. 1.00% of the stock is currently owned by company insiders.

Alaska Air Group Stock Up 2.5%

NYSE:ALK opened at $54.89 on Wednesday. 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 company’s fifty day moving average price is $48.91 and its 200-day moving average price is $58.23. Alaska Air Group, Inc. has a 1-year low of $32.62 and a 1-year high of $78.08. The firm has a market capitalization of $6.74 billion, a P/E ratio of 18.00, a PEG ratio of 0.43 and a beta of 1.41.

Alaska Air Group (NYSE:ALK) last posted its quarterly earnings results on Wednesday, April 23rd. The transportation company reported ($0.77) EPS for the quarter, missing the consensus estimate of ($0.72) by ($0.05). The business had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $3.19 billion. Alaska Air Group had a net margin of 3.37% and a return on equity of 14.66%. Alaska Air Group’s revenue for the quarter was up 40.5% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.92) earnings per share. As a group, equities research analysts anticipate that Alaska Air Group, Inc. will post 6.03 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. The Goldman Sachs Group increased 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. Bank of America cut their price target on shares of Alaska Air Group from $80.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday, April 3rd. Susquehanna decreased their price target on shares of Alaska Air Group from $95.00 to $55.00 and set a “positive” rating for the company in a report on Monday, April 7th. JPMorgan Chase & Co. lifted their price objective on shares of Alaska Air Group from $85.00 to $89.00 and gave the stock an “overweight” rating in a research note on Monday, March 3rd. Finally, TD Cowen upped their target price on Alaska Air Group from $54.00 to $62.00 and gave the company a “buy” rating in a research report on Friday, April 25th. One equities research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Alaska Air Group has an average rating of “Moderate Buy” and a consensus target price of $65.92.

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.