Thompson Siegel & Walmsley LLC Has $14.42 Million Stock Position in Alaska Air Group, Inc. (NYSE:ALK)

Thompson Siegel & Walmsley LLC lowered its holdings in Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 34.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 222,769 shares of the transportation company's stock after selling 116,382 shares during the period. Thompson Siegel & Walmsley LLC owned approximately 0.18% of Alaska Air Group worth $14,424,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Avior Wealth Management LLC boosted its holdings 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 valued at $38,000 after purchasing an additional 182 shares during the period. Pacific Center for Financial Services bought a new stake in shares of Alaska Air Group during the 3rd quarter worth approximately $45,000. Venturi Wealth Management LLC lifted its holdings in shares of Alaska Air Group by 86.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,025 shares of the transportation company's stock worth $46,000 after acquiring an additional 474 shares during the period. True Wealth Design LLC bought a new stake in shares of Alaska Air Group during the 3rd quarter worth approximately $52,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Alaska Air Group during the 4th quarter worth approximately $52,000. Institutional investors own 81.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on ALK shares. Morgan Stanley upped their price target on shares of Alaska Air Group from $70.00 to $90.00 and gave the stock an "overweight" rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. upped their price target on shares of Alaska Air Group from $85.00 to $89.00 and gave the stock an "overweight" rating in a report on Monday, March 3rd. TD Cowen upped their price target on shares of Alaska Air Group from $85.00 to $110.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Citigroup upped their price target on shares of Alaska Air Group from $63.00 to $74.00 and gave the stock a "buy" rating in a report on Monday, December 16th. Finally, 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 research report on Tuesday, January 14th. One research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $77.00.

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Insider Buying and Selling

In related news, SVP Kyle B. Levine sold 3,439 shares of Alaska Air Group stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $63.50, for a total transaction of $218,376.50. Following the completion of the transaction, the senior vice president now owns 19,479 shares of the company's stock, valued at $1,236,916.50. This trade represents a 15.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Emily Halverson sold 1,329 shares of Alaska Air Group stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $64.41, for a total transaction of $85,600.89. Following the transaction, the vice president now directly owns 7,150 shares of the company's stock, valued at $460,531.50. This represents a 15.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 162,618 shares of company stock valued at $11,722,035 over the last quarter. Insiders own 0.68% of the company's stock.

Alaska Air Group Trading Up 2.2 %

Shares of ALK stock traded up $1.18 during trading hours on Monday, hitting $55.12. 2,460,271 shares of the company's stock traded hands, compared to its average volume of 2,348,922. The stock's 50 day simple moving average is $68.73 and its 200 day simple moving average is $56.57. The stock has a market cap of $6.78 billion, a PE ratio of 18.07, a price-to-earnings-growth ratio of 0.43 and a beta of 1.50. Alaska Air Group, Inc. has a 12 month low of $32.62 and a 12 month 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.

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 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, sell-side analysts anticipate 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.