International Assets Investment Management LLC Sells 187,308 Shares of Alaska Air Group, Inc. (NYSE:ALK)

International Assets Investment Management LLC decreased its holdings in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 98.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,521 shares of the transportation company's stock after selling 187,308 shares during the period. International Assets Investment Management LLC's holdings in Alaska Air Group were worth $226,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FMR LLC boosted its position in shares of Alaska Air Group by 32.4% during the 3rd quarter. FMR LLC now owns 1,084,639 shares of the transportation company's stock valued at $49,037,000 after acquiring an additional 265,343 shares during the last quarter. Bank of Montreal Can raised its stake in Alaska Air Group by 54.7% in the third quarter. Bank of Montreal Can now owns 57,577 shares of the transportation company's stock valued at $2,591,000 after purchasing an additional 20,347 shares in the last quarter. Entropy Technologies LP lifted its position in Alaska Air Group by 358.9% during the third 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. Quantbot Technologies LP grew 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 buying an additional 51,096 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of Alaska Air Group by 4.1% in the 3rd quarter. Franklin Resources Inc. now owns 633,514 shares of the transportation company's stock worth $28,312,000 after buying an additional 24,796 shares during the last quarter. 81.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Morgan Stanley upped their target price on shares of Alaska Air Group from $70.00 to $90.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 11th. TD Cowen upped their price objective on Alaska Air Group from $68.00 to $78.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. UBS Group raised their price objective on Alaska Air Group from $81.00 to $82.00 and gave the company a "buy" rating in a report on Tuesday, January 7th. JPMorgan Chase & Co. boosted their target price on Alaska Air Group from $58.00 to $85.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 11th. Finally, Barclays increased their price target on shares of Alaska Air Group from $55.00 to $80.00 and gave the company an "overweight" rating in a research report on Thursday, November 14th. One analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $70.79.

Alaska Air Group Trading Up 1.6 %

ALK traded up $1.05 during trading on Tuesday, hitting $67.52. 2,630,922 shares of the stock traded hands, compared to its average volume of 2,750,326. The firm has a market capitalization of $8.57 billion, a P/E ratio of 27.23, a price-to-earnings-growth ratio of 1.24 and a beta of 1.54. Alaska Air Group, Inc. has a 12-month low of $32.62 and a 12-month high of $69.10. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.60 and a quick ratio of 0.57. The firm has a 50-day moving average of $58.86 and a 200 day moving average of $46.62.

Alaska Air Group (NYSE:ALK - Get Free Report) last posted its earnings results on Thursday, October 31st. The transportation company reported $2.25 earnings per share for the quarter, topping analysts' consensus estimates of $2.22 by $0.03. Alaska Air Group had a net margin of 2.99% and a return on equity of 12.81%. The company had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3 billion. During the same period in the prior year, the business posted $1.83 earnings per share. Alaska Air Group's revenue for the quarter was up 8.2% on a year-over-year basis. Equities research analysts anticipate that Alaska Air Group, Inc. will post 4.3 EPS for the current year.

Insider Transactions at Alaska Air Group

In other news, SVP Andrea L. Schneider sold 800 shares of the firm's stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $63.89, for a total value of $51,112.00. Following the completion of the sale, the senior vice president now directly owns 20,286 shares of the company's stock, valued at approximately $1,296,072.54. This trade represents a 3.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Andrew R. Harrison sold 13,880 shares of the business's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $64.01, for a total transaction of $888,458.80. Following the transaction, the executive vice president now owns 20,638 shares in the company, valued at $1,321,038.38. This represents a 40.21 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,473 shares of company stock worth $2,198,342. 0.68% of the stock is currently owned by 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.