Credit Capital Investments LLC Invests $648,000 in Alaska Air Group, Inc. (NYSE:ALK)

Credit Capital Investments LLC acquired a new position in Alaska Air Group, Inc. (NYSE:ALK) in the fourth quarter, HoldingsChannel reports. The firm acquired 10,000 shares of the transportation company’s stock, valued at approximately $648,000. Alaska Air Group comprises about 0.8% of Credit Capital Investments LLC’s holdings, making the stock its 17th largest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ALK. Hennessy Advisors Inc. bought a new stake in Alaska Air Group during the 4th quarter valued at $82,459,000. Wellington Management Group LLP bought a new stake in Alaska Air Group during the 3rd quarter valued at $26,390,000. Charles Schwab Investment Management Inc. raised its holdings in Alaska Air Group by 45.1% during 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 buying an additional 442,331 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Alaska Air Group during the 4th quarter valued at $24,241,000. Finally, FMR LLC raised its holdings in Alaska Air Group by 32.4% during the 3rd quarter. FMR LLC now owns 1,084,639 shares of the transportation company’s stock valued at $49,037,000 after buying an additional 265,343 shares during the last quarter. 81.90% of the stock is currently owned by institutional investors.

Alaska Air Group Stock Performance

Shares of ALK stock opened at $52.27 on Wednesday. Alaska Air Group, Inc. has a one year low of $32.62 and a one year high of $78.08. The company’s 50-day moving average is $68.28 and its 200 day moving average is $56.82. The company has a market capitalization of $6.43 billion, a price-to-earnings ratio of 17.14, a price-to-earnings-growth ratio of 0.43 and a beta of 1.50. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.58 and a current ratio of 0.61.

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, beating 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%. Sell-side analysts expect that Alaska Air Group, Inc. will post 6.03 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on ALK shares. Bank of America upped their price objective on shares of Alaska Air Group from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, January 17th. JPMorgan Chase & Co. upped their price objective on shares of Alaska Air Group from $85.00 to $89.00 and gave the stock an “overweight” rating in a report on Monday, March 3rd. TD Cowen upped their price objective 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 objective for the company in a report on Tuesday, January 7th. Finally, The Goldman Sachs Group upped their price objective 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 research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Alaska Air Group presently has an average rating of “Moderate Buy” and an average target price of $77.54.

Insider Activity

In other news, 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 sale, the chief financial officer now owns 31,873 shares of the company’s stock, valued at $2,414,061.02. This trade represents a 41.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Andrea L. Schneider sold 800 shares of the firm’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $63.89, for a total transaction of $51,112.00. Following the sale, the senior vice president now directly owns 20,286 shares in the company, valued at approximately $1,296,072.54. The trade was a 3.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 155,525 shares of company stock valued at $11,268,375 in the last 90 days. 0.68% of the stock is currently owned by insiders.

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.