Oregon Public Employees Retirement Fund Has $1.93 Million Holdings in Alaska Air Group, Inc. (NYSE:ALK)

Oregon Public Employees Retirement Fund lifted its position in shares of Alaska Air Group, Inc. (NYSE:ALK) by 0.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 29,816 shares of the transportation company’s stock after purchasing an additional 160 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Alaska Air Group were worth $1,931,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of ALK. Avior Wealth Management LLC increased its position in shares of Alaska Air Group by 44.8% during the fourth 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 period. Pacific Center for Financial Services acquired a new stake in shares of Alaska Air Group during the third quarter worth $45,000. Venturi Wealth Management LLC increased its position in shares of Alaska Air Group by 86.0% during the third quarter. Venturi Wealth Management LLC now owns 1,025 shares of the transportation company’s stock worth $46,000 after buying an additional 474 shares during the period. True Wealth Design LLC acquired a new stake in shares of Alaska Air Group during the third quarter worth $52,000. Finally, Quarry LP increased its position in shares of Alaska Air Group by 259.3% during the third quarter. Quarry LP now owns 1,175 shares of the transportation company’s stock worth $53,000 after buying an additional 848 shares during the period. 81.90% of the stock is currently owned by institutional investors and hedge funds.

Alaska Air Group Stock Up 1.7 %

Shares of NYSE ALK opened at $72.25 on Friday. The stock has a market capitalization of $8.89 billion, a P/E ratio of 23.69, a P/E/G ratio of 0.43 and a beta of 1.55. The company has a 50-day moving average price of $70.04 and a 200-day moving average price of $54.60. Alaska Air Group, Inc. has a 1 year low of $32.62 and a 1 year high of $78.08. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.61 and a quick ratio of 0.58.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 EPS for the current fiscal year.

Insider Activity at Alaska Air Group

In related news, EVP Andrew R. Harrison sold 6,600 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $76.28, for a total transaction of $503,448.00. Following the transaction, the executive vice president now directly owns 34,030 shares of the company’s stock, valued at $2,595,808.40. This trade represents a 16.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Shane R. Tackett sold 22,893 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $75.74, for a total transaction of $1,733,915.82. Following the transaction, the chief financial officer now directly owns 31,873 shares in the company, valued at $2,414,061.02. The trade was a 41.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 189,198 shares of company stock valued at $13,415,604 over the last ninety days. Corporate insiders own 0.68% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ALK. Barclays increased their price objective on shares of Alaska Air Group from $55.00 to $80.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. TD Cowen raised their price target on shares of Alaska Air Group from $85.00 to $110.00 and gave the stock a “buy” rating in a report 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 target for the company in a report on Tuesday, January 7th. Morgan Stanley raised their price target on shares of Alaska Air Group from $70.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Finally, The Goldman Sachs Group raised their price target on shares of Alaska Air Group from $70.00 to $79.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. One analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $76.69.

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.