Alaska Air Group, Inc. (NYSE:ALK) Shares Sold by Tradewinds Capital Management LLC

Tradewinds Capital Management LLC decreased its stake in shares of Alaska Air Group, Inc. (NYSE:ALK) by 57.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,039 shares of the transportation company’s stock after selling 2,700 shares during the period. Tradewinds Capital Management LLC’s holdings in Alaska Air Group were worth $132,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Avior Wealth Management LLC raised its holdings in shares of Alaska Air Group by 44.8% during the 4th quarter. Avior Wealth Management LLC now owns 588 shares of the transportation company’s stock valued at $38,000 after buying an additional 182 shares during the period. Savant Capital LLC lifted its position in shares of Alaska Air Group by 3.4% during the fourth quarter. Savant Capital LLC now owns 6,284 shares of the transportation company’s stock worth $407,000 after purchasing an additional 206 shares in the last quarter. Verdence Capital Advisors LLC boosted its stake in shares of Alaska Air Group by 2.2% in the third quarter. Verdence Capital Advisors LLC now owns 10,180 shares of the transportation company’s stock valued at $460,000 after purchasing an additional 215 shares during the period. QRG Capital Management Inc. grew its holdings in Alaska Air Group by 2.7% during the 3rd quarter. QRG Capital Management Inc. now owns 9,271 shares of the transportation company’s stock valued at $419,000 after purchasing an additional 242 shares in the last quarter. Finally, Plan Group Financial LLC increased its stake in Alaska Air Group by 3.3% during the 4th quarter. Plan Group Financial LLC now owns 8,136 shares of the transportation company’s stock worth $527,000 after buying an additional 257 shares during the period. Hedge funds and other institutional investors own 81.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Melius Research raised shares of Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research report on Monday, October 28th. Bank of America raised their price objective on Alaska Air Group from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, January 17th. Morgan Stanley lifted their price objective on Alaska Air Group from $70.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. TD Cowen increased their target price on Alaska Air Group from $85.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Finally, 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 research note on Tuesday, January 7th. One analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Alaska Air Group has a consensus rating of “Moderate Buy” and a consensus price target of $76.69.

Insider Buying and Selling at Alaska Air Group

In other news, COO Muehlen Constance E. Von sold 22,157 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $75.12, for a total transaction of $1,664,433.84. Following the completion of the transaction, the chief operating officer now directly owns 20,026 shares in the company, valued at approximately $1,504,353.12. The trade was a 52.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Shane R. Tackett sold 22,893 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $75.74, for a total value of $1,733,915.82. Following the completion of the sale, the chief financial officer now owns 31,873 shares in the company, valued at approximately $2,414,061.02. This represents a 41.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 182,598 shares of company stock worth $12,912,156. 0.68% of the stock is owned by insiders.

Alaska Air Group Price Performance

Shares of NYSE:ALK opened at $69.97 on Friday. The company has a market cap of $8.61 billion, a PE ratio of 22.94, a P/E/G ratio of 0.68 and a beta of 1.55. Alaska Air Group, Inc. has a fifty-two week low of $32.62 and a fifty-two week high of $78.08. The firm has a 50-day simple moving average of $69.26 and a 200 day simple moving average of $53.43. The company has a quick ratio of 0.58, a current ratio of 0.61 and a debt-to-equity ratio of 1.04.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings results on Wednesday, January 22nd. The transportation company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.52. Alaska Air Group had a return on equity of 14.66% and a net margin of 3.37%. On average, sell-side analysts anticipate that Alaska Air Group, Inc. will post 6.03 EPS for the current year.

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.