Primecap Management Co. CA Sells 30,897 Shares of Alaska Air Group, Inc. (NYSE:ALK)

Primecap Management Co. CA lowered its position in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 0.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,821,450 shares of the transportation company's stock after selling 30,897 shares during the quarter. Primecap Management Co. CA owned about 3.01% of Alaska Air Group worth $247,439,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Avior Wealth Management LLC raised its stake in 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 purchasing an additional 182 shares in the last quarter. Pacific Center for Financial Services bought a new position in shares of Alaska Air Group during the third quarter worth approximately $45,000. True Wealth Design LLC acquired a new stake in shares of Alaska Air Group in the third quarter valued at approximately $52,000. SBI Securities Co. Ltd. bought a new stake in shares of Alaska Air Group in the fourth quarter valued at approximately $52,000. Finally, Quarry LP grew its position in Alaska Air Group by 259.3% during the third quarter. Quarry LP now owns 1,175 shares of the transportation company's stock worth $53,000 after buying an additional 848 shares in the last quarter. Institutional investors own 81.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Citigroup dropped their price objective on Alaska Air Group from $83.00 to $81.00 and set a "buy" rating for the company in a report on Tuesday. TD Cowen upped 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 report on Friday, January 24th. The Goldman Sachs Group raised their target price on shares of Alaska Air Group from $70.00 to $79.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. Bank of America upped their price target on shares of Alaska Air Group from $70.00 to $80.00 and gave the stock a "buy" rating in a report on Friday, January 17th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Alaska Air Group from $85.00 to $89.00 and gave the company an "overweight" rating in a research note on Monday, March 3rd. One research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $77.00.

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Insider Buying and Selling

In other news, SVP Andrea L. Schneider sold 1,830 shares of Alaska Air Group stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $73.32, for a total value of $134,175.60. Following the completion of the transaction, the senior vice president now directly owns 20,286 shares of the company's stock, valued at approximately $1,487,369.52. This trade represents a 8.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Andrew R. Harrison sold 6,600 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $76.28, for a total value of $503,448.00. Following the sale, the executive vice president now 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. Insiders have sold a total of 154,725 shares of company stock valued at $11,217,263 over the last ninety days. 0.68% of the stock is owned by company insiders.

Alaska Air Group Trading Down 0.2 %

Shares of ALK stock traded down $0.10 during mid-day trading on Friday, reaching $52.75. 25,756,306 shares of the stock traded hands, compared to its average volume of 2,463,988. Alaska Air Group, Inc. has a 1-year low of $32.62 and a 1-year high of $78.08. 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 company has a market cap of $6.49 billion, a price-to-earnings ratio of 17.30, a price-to-earnings-growth ratio of 0.43 and a beta of 1.50. The stock's fifty day simple moving average is $67.77 and its two-hundred day simple moving average is $56.77.

Alaska Air Group (NYSE:ALK - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.97 earnings per share 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%. On average, research analysts anticipate that Alaska Air Group, Inc. will post 6.03 EPS for the current fiscal 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.