Millstone Evans Group LLC Invests $76,000 in Alaska Air Group, Inc. (NYSE:ALK)

Millstone Evans Group LLC purchased a new position in Alaska Air Group, Inc. (NYSE:ALK) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,176 shares of the transportation company’s stock, valued at approximately $76,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Avior Wealth Management LLC boosted its stake in shares of Alaska Air Group by 44.8% in the 4th quarter. Avior Wealth Management LLC now owns 588 shares of the transportation company’s stock worth $38,000 after buying an additional 182 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Alaska Air Group in the 4th quarter worth $52,000. EverSource Wealth Advisors LLC boosted its stake in shares of Alaska Air Group by 61.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 955 shares of the transportation company’s stock worth $62,000 after buying an additional 364 shares during the last quarter. Pacific Center for Financial Services purchased a new position in shares of Alaska Air Group in the 3rd quarter worth $45,000. Finally, True Wealth Design LLC bought a new position in Alaska Air Group in the 3rd quarter worth $52,000. 81.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ALK shares. The Goldman Sachs Group raised their target price on Alaska Air Group from $70.00 to $79.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Morgan Stanley raised their target price on Alaska Air Group from $70.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Bank of America raised their target price on Alaska Air Group from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, January 17th. UBS Group decreased their target price on Alaska Air Group from $87.00 to $75.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Susquehanna raised Alaska Air Group from a “neutral” rating to a “positive” rating and set a $95.00 target price on the stock in a report on Tuesday, January 7th. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $77.00.

Insider Transactions at Alaska Air Group

In related news, CEO Joseph A. Sprague sold 9,500 shares of Alaska Air Group stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $68.90, for a total value of $654,550.00. Following the completion of the transaction, the chief executive officer now owns 9,840 shares in the company, valued at approximately $677,976. This trade represents a 49.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Andrea L. Schneider sold 1,830 shares of Alaska Air Group stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $73.32, for a total value of $134,175.60. Following the completion of the transaction, the senior vice president now owns 20,286 shares of the company’s stock, valued at approximately $1,487,369.52. This represents a 8.27 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 154,725 shares of company stock valued at $11,217,263. 0.68% of the stock is currently owned by insiders.

Alaska Air Group Trading Down 0.2 %

Shares of ALK stock opened at $52.75 on Monday. Alaska Air Group, Inc. has a 12-month low of $32.62 and a 12-month high of $78.08. The company has a current ratio of 0.61, a quick ratio of 0.58 and a debt-to-equity ratio of 1.04. The stock’s 50-day moving average price is $67.46 and its 200-day moving average price is $57.18. The stock has a market capitalization of $6.47 billion, a price-to-earnings ratio of 17.30, a price-to-earnings-growth ratio of 0.43 and a beta of 1.50.

Alaska Air Group (NYSE:ALK) last issued its earnings results on Wednesday, January 22nd. The transportation company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.52. Alaska Air Group had a return on equity of 14.66% and a net margin of 3.37%. Equities research analysts predict that Alaska Air Group, Inc. will post 6.03 EPS for the current fiscal year.

Alaska Air Group 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.