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

Frontier Capital Management Co. LLC cut its holdings in Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 17.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 978,738 shares of the transportation company's stock after selling 201,070 shares during the period. Frontier Capital Management Co. LLC owned 0.77% of Alaska Air Group worth $63,373,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Avior Wealth Management LLC lifted its holdings in Alaska Air Group by 44.8% in the fourth quarter. Avior Wealth Management LLC now owns 588 shares of the transportation company's stock valued at $38,000 after acquiring an additional 182 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Alaska Air Group in the fourth quarter valued at approximately $52,000. EverSource Wealth Advisors LLC lifted its holdings in Alaska Air Group by 61.6% in the fourth 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. Millstone Evans Group LLC acquired a new position in Alaska Air Group in the fourth quarter valued at approximately $76,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in Alaska Air Group in the third quarter valued at approximately $59,000. 81.90% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Alaska Air Group news, COO Muehlen Constance E. Von sold 22,157 shares of the firm's stock in a transaction dated 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 transaction, the chief operating officer now owns 20,026 shares of the company's stock, valued at approximately $1,504,353.12. This trade represents a 52.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Andrew R. Harrison sold 6,600 shares of the firm's 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 transaction, the executive vice president now directly owns 34,030 shares in the company, valued at approximately $2,595,808.40. The trade was a 16.24% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,790 shares of company stock valued at $2,169,537. 1.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ALK. Citigroup decreased their price objective on Alaska Air Group from $83.00 to $81.00 and set a "buy" rating on the stock in a report on Tuesday, March 18th. JPMorgan Chase & Co. boosted their target price 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. Susquehanna cut their target price on Alaska Air Group from $95.00 to $55.00 and set a "positive" rating on the stock in a research report on Monday, April 7th. The Goldman Sachs Group boosted their target price on Alaska Air Group from $70.00 to $79.00 and gave the company a "buy" rating in a research report on Tuesday, January 14th. Finally, Bank of America cut their target price on Alaska Air Group from $80.00 to $70.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. One equities research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $65.92.

Alaska Air Group Stock Up 2.7%

NYSE:ALK traded up $1.44 during trading hours on Tuesday, hitting $54.97. The company's stock had a trading volume of 1,446,846 shares, compared to its average volume of 2,728,705. The stock has a market capitalization of $6.75 billion, a P/E ratio of 18.02, a price-to-earnings-growth ratio of 0.43 and a beta of 1.41. The stock has a fifty day moving average of $49.05 and a 200-day moving average of $58.25. The company has a current ratio of 0.61, a quick ratio of 0.58 and a debt-to-equity ratio of 1.04. Alaska Air Group, Inc. has a 52-week low of $32.62 and a 52-week high of $78.08.

Alaska Air Group (NYSE:ALK - Get Free Report) last posted 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). The business had revenue of $3.14 billion during the quarter, compared to analysts' expectations of $3.19 billion. Alaska Air Group had a net margin of 3.37% and a return on equity of 14.66%. The business's quarterly revenue was up 40.5% compared to the same quarter last year. During the same period last year, the company earned ($0.92) EPS. On average, equities analysts forecast that Alaska Air Group, Inc. will post 6.03 earnings per share for the current year.

Alaska Air Group 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.