Chicago Partners Investment Group LLC Purchases Shares of 3,848 Alaska Air Group, Inc. (NYSE:ALK)

Chicago Partners Investment Group LLC acquired a new stake in Alaska Air Group, Inc. (NYSE:ALK) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 3,848 shares of the transportation company’s stock, valued at approximately $255,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hennessy Advisors Inc. bought a new position in Alaska Air Group during the fourth quarter worth $82,459,000. Assenagon Asset Management S.A. boosted its holdings in shares of Alaska Air Group by 2,087.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 762,889 shares of the transportation company’s stock worth $34,490,000 after buying an additional 728,019 shares during the period. Wellington Management Group LLP acquired a new position in Alaska Air Group in the 3rd quarter valued at about $26,390,000. Charles Schwab Investment Management Inc. raised its holdings in Alaska Air Group by 45.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,422,247 shares of the transportation company’s stock valued at $64,300,000 after acquiring an additional 442,331 shares during the period. Finally, FMR LLC lifted its position in Alaska Air Group by 32.4% during the third quarter. FMR LLC now owns 1,084,639 shares of the transportation company’s stock worth $49,037,000 after acquiring an additional 265,343 shares during the last quarter. 81.90% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Citigroup increased their target price on Alaska Air Group from $63.00 to $74.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. UBS Group lifted their target price on Alaska Air Group from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. TD Cowen upped their price target on shares of Alaska Air Group from $85.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Susquehanna upgraded shares of Alaska Air Group from a “neutral” rating to a “positive” rating and set a $95.00 price objective for the company in a research note on Tuesday, January 7th. Finally, JPMorgan Chase & Co. increased their target price on shares of Alaska Air Group from $58.00 to $85.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. One analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $74.86.

Alaska Air Group Trading Up 2.8 %

Shares of ALK stock opened at $75.56 on Wednesday. The stock has a 50-day moving average of $64.58 and a 200-day moving average of $50.13. Alaska Air Group, Inc. has a 1-year low of $32.62 and a 1-year high of $75.98. The stock has a market cap of $9.59 billion, a price-to-earnings ratio of 24.77, a PEG ratio of 0.66 and a beta of 1.55. The company has a current ratio of 0.61, a quick ratio of 0.58 and a debt-to-equity ratio of 1.04.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.97 EPS for the quarter, topping 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%. On average, equities research analysts forecast that Alaska Air Group, Inc. will post 6.03 earnings per share for the current year.

Insider Buying and Selling

In other Alaska Air Group news, CFO Shane R. Tackett sold 5,000 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $63.56, for a total value of $317,800.00. Following the transaction, the chief financial officer now owns 27,362 shares of the company’s stock, valued at approximately $1,739,128.72. The trade was a 15.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Muehlen Constance E. Von sold 4,000 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $63.09, for a total value of $252,360.00. Following the sale, the chief operating officer now directly owns 12,162 shares of the company’s stock, valued at approximately $767,300.58. This represents a 24.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 137,548 shares of company stock worth $9,513,807 in the last ninety days. Corporate insiders own 0.92% of the company’s stock.

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.