Brighton Jones LLC Boosts Holdings in Alaska Air Group, Inc. (ALK)

Brighton Jones LLC grew its holdings in Alaska Air Group, Inc. (NYSE:ALK) by 40.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,967 shares of the transportation company’s stock after acquiring an additional 4,558 shares during the period. Brighton Jones LLC’s holdings in Alaska Air Group were worth $896,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of the business. Vanguard Group Inc grew its stake in shares of Alaska Air Group by 1.1% during the third quarter. Vanguard Group Inc now owns 12,380,127 shares of the transportation company’s stock worth $852,494,000 after purchasing an additional 130,958 shares in the last quarter. BlackRock Inc. grew its stake in shares of Alaska Air Group by 1.6% during the fourth quarter. BlackRock Inc. now owns 7,031,099 shares of the transportation company’s stock worth $427,843,000 after purchasing an additional 113,985 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Alaska Air Group by 21.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,883,681 shares of the transportation company’s stock worth $175,468,000 after purchasing an additional 503,977 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Alaska Air Group by 9.8% during the fourth quarter. Geode Capital Management LLC now owns 1,858,086 shares of the transportation company’s stock worth $112,942,000 after purchasing an additional 165,833 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. grew its stake in shares of Alaska Air Group by 16.6% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 1,677,280 shares of the transportation company’s stock worth $102,062,000 after purchasing an additional 238,368 shares in the last quarter. Institutional investors and hedge funds own 88.17% of the company’s stock.

A number of equities analysts recently commented on ALK shares. Zacks Investment Research upgraded shares of Alaska Air Group from a “hold” rating to a “buy” rating and set a $64.00 target price for the company in a research note on Monday, December 31st. Imperial Capital decreased their price objective on shares of Alaska Air Group from $102.00 to $90.00 and set an “outperform” rating for the company in a research note on Wednesday, January 9th. They noted that the move was a valuation call. JPMorgan Chase & Co. upgraded shares of Alaska Air Group from an “underweight” rating to a “neutral” rating and set a $67.00 price objective for the company in a research note on Thursday, January 10th. TheStreet downgraded shares of Alaska Air Group from a “b-” rating to a “c” rating in a research note on Thursday, January 24th. Finally, Macquarie upgraded shares of Alaska Air Group from a “neutral” rating to an “outperform” rating and set a $63.48 price objective for the company in a research note on Monday, January 28th. Eight research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $76.03.

In related news, VP Christopher Michael Berry sold 750 shares of the stock in a transaction dated 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 transaction, the vice president now directly owns 1,233 shares of the company’s stock, valued at $82,783.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Brandon Pedersen sold 4,026 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $62.00, for a total transaction of $249,612.00. Following the transaction, the vice president now directly owns 26,524 shares of the company’s stock, valued at $1,644,488. The disclosure for this sale can be found here. Insiders have sold 8,776 shares of company stock valued at $551,687 over the last three months. 0.43% of the stock is currently owned by corporate insiders.

Shares of NYSE:ALK traded up $1.20 on Friday, reaching $60.37. The company’s stock had a trading volume of 56,719 shares, compared to its average volume of 1,678,634. Alaska Air Group, Inc. has a 52-week low of $53.39 and a 52-week high of $74.83. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.59 and a current ratio of 0.61. The stock has a market capitalization of $7.53 billion, a price-to-earnings ratio of 13.49, a PEG ratio of 0.70 and a beta of 0.81.

Alaska Air Group (NYSE:ALK) last announced its earnings results on Thursday, April 25th. The transportation company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. Alaska Air Group had a net margin of 5.29% and a return on equity of 15.20%. The business had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same period in the prior year, the company earned $0.14 earnings per share. The business’s revenue was up 2.4% compared to the same quarter last year. As a group, research analysts forecast 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.

Read More: Balance Sheet

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

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