Alaska Air Group, Inc. (NYSE:ALK) Shares Sold by Brighton Jones LLC

Brighton Jones LLC cut its stake in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 16.4% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 81,051 shares of the transportation company's stock after selling 15,881 shares during the period. Brighton Jones LLC owned about 0.07% of Alaska Air Group worth $3,989,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ALK. Wood Tarver Financial Group LLC acquired a new stake in shares of Alaska Air Group in the fourth quarter worth approximately $38,000. Perkins Coie Trust Co lifted its holdings in Alaska Air Group by 125.7% in the 1st quarter. Perkins Coie Trust Co now owns 677 shares of the transportation company's stock valued at $33,000 after purchasing an additional 377 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Alaska Air Group during the 4th quarter worth $52,000. EverSource Wealth Advisors LLC boosted its stake in Alaska Air Group by 61.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 955 shares of the transportation company's stock worth $62,000 after purchasing an additional 364 shares during the last quarter. Finally, Millstone Evans Group LLC purchased a new stake in shares of Alaska Air Group during the fourth quarter worth $76,000. 81.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ALK has been the topic of several research reports. Barclays decreased their price target on shares of Alaska Air Group from $62.00 to $55.00 and set an "overweight" rating on the stock in a research note on Friday, April 25th. JPMorgan Chase & Co. upped their price target on Alaska Air Group from $85.00 to $89.00 and gave the company an "overweight" rating in a research report on Monday, March 3rd. Citigroup reduced their price objective on Alaska Air Group from $83.00 to $81.00 and set a "buy" rating on the stock in a research report on Tuesday, March 18th. Susquehanna dropped their target price on Alaska Air Group from $95.00 to $55.00 and set a "positive" rating for the company in a report on Monday, April 7th. Finally, TD Cowen lifted their price target on Alaska Air Group from $54.00 to $62.00 and gave the stock a "buy" rating in a report on Friday, April 25th. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $66.83.

Alaska Air Group Trading Down 4.5%

NYSE ALK traded down $2.24 during trading hours on Friday, reaching $47.40. The company had a trading volume of 3,046,461 shares, compared to its average volume of 2,850,747. 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 has a market capitalization of $5.82 billion, a P/E ratio of 15.54, a price-to-earnings-growth ratio of 0.43 and a beta of 1.44. The stock has a 50-day moving average of $48.81 and a 200 day moving average of $58.28. Alaska Air Group, Inc. has a 1-year low of $32.62 and a 1-year high of $78.08.

Alaska Air Group (NYSE:ALK - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The transportation company reported ($0.77) EPS for the quarter, missing the consensus estimate of ($0.72) by ($0.05). Alaska Air Group had a return on equity of 14.66% and a net margin of 3.37%. The company had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.19 billion. During the same quarter in the prior year, the company posted ($0.92) earnings per share. The business's revenue was up 40.5% compared to the same quarter last year. As a group, research analysts anticipate that Alaska Air Group, Inc. will post 6.03 earnings per share for the current fiscal year.

Insider Activity

In other news, VP Emily Halverson sold 2,946 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $51.34, for a total value of $151,247.64. Following the completion of the transaction, the vice president now owns 8,253 shares of the company's stock, valued at approximately $423,709.02. This trade represents a 26.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Andrew R. Harrison sold 7,500 shares of the company's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $53.51, for a total transaction of $401,325.00. Following the sale, the executive vice president now directly owns 26,530 shares in the company, valued at approximately $1,419,620.30. The trade was a 22.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,479 shares of company stock valued at $554,228. 1.00% of the stock is currently owned by corporate 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.