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

Geode Capital Management LLC lessened its stake in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 3.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,991,880 shares of the transportation company's stock after selling 69,716 shares during the period. Geode Capital Management LLC owned about 1.57% of Alaska Air Group worth $129,018,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Avior Wealth Management LLC grew its holdings in Alaska Air Group by 44.8% during 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 stake in Alaska Air Group during the 4th quarter valued at $52,000. Quarry LP raised its position in shares of Alaska Air Group by 259.3% in the 3rd quarter. Quarry LP now owns 1,175 shares of the transportation company's stock worth $53,000 after acquiring an additional 848 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Alaska Air Group during the 3rd quarter worth $59,000. Finally, EverSource Wealth Advisors LLC raised 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 worth $62,000 after purchasing an additional 364 shares in the last quarter. Institutional investors own 81.90% of the company's stock.

Alaska Air Group Price Performance

Shares of ALK stock traded down $0.05 during trading hours on Monday, hitting $45.71. 145,375 shares of the company's stock were exchanged, compared to its average volume of 2,592,945. 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 cap of $5.61 billion, a P/E ratio of 14.99, a P/E/G ratio of 0.43 and a beta of 1.37. The company has a quick ratio of 0.58, a current ratio of 0.61 and a debt-to-equity ratio of 1.04. The firm has a 50 day moving average of $60.16 and a two-hundred day moving average of $57.99.

Alaska Air Group (NYSE:ALK - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.97 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts forecast that Alaska Air Group, Inc. will post 6.03 EPS for the current year.

Analyst Upgrades and Downgrades

ALK has been the subject of several recent analyst reports. TD Cowen boosted their price objective on shares of Alaska Air Group from $85.00 to $110.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. UBS Group lowered Alaska Air Group from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $75.00 to $54.00 in a report on Monday, April 7th. The Goldman Sachs Group upped 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. Barclays lowered their price target on Alaska Air Group from $80.00 to $62.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, Susquehanna cut their price objective on shares of Alaska Air Group from $95.00 to $55.00 and set a "positive" rating on the stock in a report on Monday, April 7th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $70.15.

Insiders Place Their Bets

In other Alaska Air Group news, EVP Andrew R. Harrison sold 6,600 shares of the firm's stock in a transaction on 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 $2,595,808.40. This trade represents a 16.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Andrea L. Schneider sold 1,830 shares of the company's stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $73.32, for a total transaction of $134,175.60. Following the completion of the sale, the senior vice president now directly owns 20,286 shares of the company's stock, valued at $1,487,369.52. This represents a 8.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 154,725 shares of company stock valued at $11,217,263 in the last ninety days. 0.68% of the stock is currently owned by corporate insiders.

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.