Alaska Air Group, Inc. (NYSE:ALK) Shares Sold by Capital Research Global Investors

Capital Research Global Investors trimmed its holdings in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 21.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,075,000 shares of the transportation company's stock after selling 581,052 shares during the quarter. Capital Research Global Investors owned approximately 1.63% of Alaska Air Group worth $134,356,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of ALK. 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 worth $38,000 after acquiring an additional 182 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in Alaska Air Group in the fourth quarter worth about $52,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Alaska Air Group during the third quarter valued at about $59,000. EverSource Wealth Advisors LLC boosted 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 buying an additional 364 shares in the last quarter. Finally, Millstone Evans Group LLC purchased a new position in shares of Alaska Air Group in the 4th quarter worth approximately $76,000. Institutional investors own 81.90% of the company's stock.

Alaska Air Group Stock Performance

Alaska Air Group stock traded down $4.64 during midday trading on Thursday, hitting $41.47. 11,150,721 shares of the company were exchanged, compared to its average volume of 2,628,261. 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 market capitalization of $5.09 billion, a PE ratio of 13.60, a price-to-earnings-growth ratio of 0.43 and a beta of 1.37. The business has a fifty day simple moving average of $54.78 and a two-hundred day simple moving average of $57.85. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.58 and a current ratio of 0.61.

Alaska Air Group (NYSE:ALK - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The transportation company reported ($0.77) earnings per share for the quarter, missing analysts' consensus estimates 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 firm had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.19 billion. On average, sell-side analysts forecast that Alaska Air Group, Inc. will post 6.03 earnings per share for the current year.

Insider Activity

In other news, EVP Andrew R. Harrison sold 91,745 shares of the business's stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $71.14, for a total transaction of $6,526,739.30. Following the completion of the sale, the executive vice president now owns 20,638 shares of the company's stock, valued at $1,468,187.32. The trade was a 81.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Muehlen Constance E. Von sold 22,157 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were 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 $1,504,353.12. This represents a 52.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 154,725 shares of company stock worth $11,217,263 over the last three months. 0.92% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on ALK shares. Barclays lowered their target price on shares of Alaska Air Group from $80.00 to $62.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. UBS Group cut Alaska Air Group from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $75.00 to $54.00 in a research report on Monday, April 7th. Bank of America dropped their target price on Alaska Air Group from $80.00 to $70.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. The Goldman Sachs Group increased 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. Finally, JPMorgan Chase & Co. boosted their price target 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. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $70.15.

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.