Rhumbline Advisers Has $19.38 Million Holdings in Alaska Air Group, Inc. (NYSE:ALK)

Rhumbline Advisers lessened its position in Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 5.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 299,348 shares of the transportation company's stock after selling 15,982 shares during the quarter. Rhumbline Advisers owned approximately 0.24% of Alaska Air Group worth $19,383,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Avior Wealth Management LLC boosted its position in shares of Alaska Air Group by 44.8% in the fourth quarter. Avior Wealth Management LLC now owns 588 shares of the transportation company's stock worth $38,000 after buying an additional 182 shares during the period. Savant Capital LLC lifted its stake in Alaska Air Group by 3.4% in the 4th quarter. Savant Capital LLC now owns 6,284 shares of the transportation company's stock worth $407,000 after acquiring an additional 206 shares in the last quarter. Verdence Capital Advisors LLC boosted its position in Alaska Air Group by 2.2% during the 3rd quarter. Verdence Capital Advisors LLC now owns 10,180 shares of the transportation company's stock worth $460,000 after acquiring an additional 215 shares during the period. QRG Capital Management Inc. grew its stake in Alaska Air Group by 2.7% during the 3rd quarter. QRG Capital Management Inc. now owns 9,271 shares of the transportation company's stock valued at $419,000 after acquiring an additional 242 shares in the last quarter. Finally, Greenleaf Trust increased its holdings in shares of Alaska Air Group by 5.1% in the 4th quarter. Greenleaf Trust now owns 5,283 shares of the transportation company's stock valued at $342,000 after purchasing an additional 258 shares during the period. Institutional investors and hedge funds own 81.90% of the company's stock.

Insider Buying and Selling at Alaska Air Group

In other Alaska Air Group news, COO Muehlen Constance E. Von sold 22,157 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $75.12, for a total value of $1,664,433.84. Following the completion of the sale, the chief operating officer now directly owns 20,026 shares of the company's stock, valued at $1,504,353.12. This represents a 52.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Shane R. Tackett sold 22,893 shares of the business's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $75.74, for a total transaction of $1,733,915.82. Following the transaction, the chief financial officer now owns 31,873 shares in the company, valued at approximately $2,414,061.02. The trade was a 41.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 182,598 shares of company stock valued at $12,912,156 in the last 90 days. 0.68% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Melius upgraded shares of Alaska Air Group from a "hold" rating to a "buy" rating and set a $56.00 price target for the company in a report on Monday, October 28th. Susquehanna raised shares of Alaska Air Group from a "neutral" rating to a "positive" rating and set a $95.00 target price for the company in a research note on Tuesday, January 7th. Barclays upped their price target on shares of Alaska Air Group from $55.00 to $80.00 and gave the stock an "overweight" rating in a research note on Thursday, November 14th. UBS Group lifted their price objective on Alaska Air Group from $81.00 to $82.00 and gave the company a "buy" rating in a research report on Tuesday, January 7th. Finally, Citigroup lifted their price target on Alaska Air Group from $63.00 to $74.00 and gave the company a "buy" rating in a report on Monday, December 16th. One investment analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Alaska Air Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $76.69.

Alaska Air Group Stock Performance

Shares of NYSE ALK traded down $5.39 during trading hours on Friday, hitting $69.97. 3,760,134 shares of the stock were exchanged, compared to its average volume of 2,785,302. Alaska Air Group, Inc. has a one year low of $32.62 and a one year high of $78.08. The company's 50 day moving average is $69.11 and its 200 day moving average is $53.04. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.61 and a quick ratio of 0.58. The firm has a market capitalization of $8.61 billion, a P/E ratio of 22.94, a P/E/G ratio of 0.69 and a beta of 1.55.

Alaska Air Group (NYSE:ALK - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The transportation company reported $0.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 expect 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.