Frontier Capital Management Co. LLC Has $63.37 Million Holdings in Alaska Air Group, Inc. (NYSE:ALK)

Frontier Capital Management Co. LLC trimmed its holdings in Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 17.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 978,738 shares of the transportation company's stock after selling 201,070 shares during the period. Frontier Capital Management Co. LLC owned about 0.77% of Alaska Air Group worth $63,373,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Avior Wealth Management LLC raised its position in shares of Alaska Air Group by 44.8% in the 4th quarter. Avior Wealth Management LLC now owns 588 shares of the transportation company's stock valued at $38,000 after purchasing an additional 182 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Alaska Air Group in the 4th quarter valued at approximately $52,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Alaska Air Group in the 3rd quarter valued at approximately $59,000. EverSource Wealth Advisors LLC increased its holdings in shares of Alaska Air Group by 61.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 955 shares of the transportation company's stock valued at $62,000 after acquiring an additional 364 shares during the last quarter. Finally, Millstone Evans Group LLC bought a new stake in shares of Alaska Air Group in the 4th quarter valued at approximately $76,000. 81.90% of the stock is owned by institutional investors and hedge funds.

Alaska Air Group Price Performance

Shares of Alaska Air Group stock traded up $1.56 during trading on Monday, hitting $53.59. The stock had a trading volume of 3,341,006 shares, compared to its average volume of 3,530,417. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.61 and a quick ratio of 0.58. The firm has a market cap of $6.58 billion, a P/E ratio of 17.57, a PEG ratio of 0.43 and a beta of 1.41. The business has a fifty day moving average of $49.31 and a two-hundred day moving average of $58.19. Alaska Air Group, Inc. has a fifty-two week low of $32.62 and a fifty-two week high of $78.08.

Alaska Air Group (NYSE:ALK - Get Free Report) last announced its earnings results 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 net margin of 3.37% and a return on equity of 14.66%. The company had revenue of $3.14 billion for the quarter, compared to analysts' expectations of $3.19 billion. During the same period in the prior year, the company earned ($0.92) earnings per share. The company's revenue for the quarter was up 40.5% on a year-over-year basis. On average, sell-side analysts expect that Alaska Air Group, Inc. will post 6.03 earnings per share for the current fiscal year.

Insider Activity

In related news, COO Muehlen Constance E. Von sold 22,157 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $75.12, for a total value of $1,664,433.84. Following the completion of the sale, the chief operating officer now directly owns 20,026 shares of the company's stock, valued at approximately $1,504,353.12. This represents a 52.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Andrew R. Harrison sold 6,600 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $76.28, for a total value of $503,448.00. Following the completion of the sale, the executive vice president now directly owns 34,030 shares of the company's stock, valued at approximately $2,595,808.40. This represents a 16.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 28,790 shares of company stock valued at $2,169,537 over the last three months. Insiders own 1.00% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on ALK shares. Citigroup lowered their price target on Alaska Air Group from $83.00 to $81.00 and set a "buy" rating for the company in a report on Tuesday, March 18th. Barclays lowered their price target on Alaska Air Group from $62.00 to $55.00 and set an "overweight" rating for the company in a report on Friday, April 25th. Susquehanna lowered their price objective on Alaska Air Group from $95.00 to $55.00 and set a "positive" rating for the company in a research note on Monday, April 7th. JPMorgan Chase & Co. upped their price objective on Alaska Air Group from $85.00 to $89.00 and gave the stock an "overweight" rating in a research note on Monday, March 3rd. Finally, UBS Group lowered Alaska Air Group from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $75.00 to $54.00 in a research report on Monday, April 7th. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $65.92.

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.