Alaska Air Group, Inc. (NYSE:ALK) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its holdings in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 3.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 892,839 shares of the transportation company's stock after selling 35,385 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.70% of Alaska Air Group worth $57,811,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. FMR LLC grew its stake 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 worth $49,037,000 after buying an additional 265,343 shares during the last quarter. Bank of Montreal Can grew its stake in shares of Alaska Air Group by 54.7% during the third quarter. Bank of Montreal Can now owns 57,577 shares of the transportation company's stock worth $2,591,000 after acquiring an additional 20,347 shares during the last quarter. Friedenthal Financial acquired a new position in shares of Alaska Air Group during the fourth quarter valued at about $772,000. Entropy Technologies LP raised its position in shares of Alaska Air Group by 358.9% in the 3rd quarter. Entropy Technologies LP now owns 27,428 shares of the transportation company's stock valued at $1,240,000 after purchasing an additional 21,451 shares during the last quarter. Finally, Quantbot Technologies LP boosted its stake in Alaska Air Group by 156.3% in the 3rd quarter. Quantbot Technologies LP now owns 83,777 shares of the transportation company's stock worth $3,788,000 after purchasing an additional 51,096 shares in the last quarter. Institutional investors own 81.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Citigroup upped their price target on shares of Alaska Air Group from $63.00 to $74.00 and gave the company a "buy" rating in a research note on Monday, December 16th. TD Cowen raised their target price on Alaska Air Group from $85.00 to $110.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. The Goldman Sachs Group boosted their price target on Alaska Air Group from $70.00 to $79.00 and gave the company a "buy" rating in a research note on Tuesday, January 14th. Morgan Stanley raised their price objective on Alaska Air Group from $70.00 to $90.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 11th. Finally, Susquehanna raised Alaska Air Group from a "neutral" rating to a "positive" rating and set a $95.00 target price for the company in a report on Tuesday, January 7th. One analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $77.00.

Insider Buying and Selling

In other Alaska Air Group news, EVP Andrew R. Harrison sold 6,600 shares of Alaska Air Group stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $76.28, for a total value of $503,448.00. Following the transaction, the executive vice president now owns 34,030 shares in the company, valued at $2,595,808.40. This trade represents a 16.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Andrea L. Schneider sold 3,700 shares of the business's stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $63.50, for a total transaction of $234,950.00. Following the sale, the senior vice president now directly owns 21,086 shares of the company's stock, valued at $1,338,961. This represents a 14.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 189,198 shares of company stock valued at $13,415,604. Insiders own 0.68% of the company's stock.

Alaska Air Group Trading Up 1.4 %

Shares of Alaska Air Group stock traded up $0.90 during mid-day trading on Wednesday, hitting $66.20. 2,395,370 shares of the stock were exchanged, compared to its average volume of 2,740,756. The company has a 50-day simple moving average of $70.04 and a 200 day simple moving average of $55.33. 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 $8.15 billion, a price-to-earnings ratio of 21.71, a price-to-earnings-growth ratio of 0.43 and a beta of 1.55. Alaska Air Group, Inc. has a twelve month low of $32.62 and a twelve month high of $78.08.

Alaska Air Group (NYSE:ALK - Get Free Report) last released its earnings results on Wednesday, January 22nd. The transportation company reported $0.97 EPS for the quarter, topping 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%. Research analysts forecast that Alaska Air Group, Inc. will post 6.03 EPS for the current year.

About Alaska Air Group

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.