Alaska Air Group, Inc. (NYSE:ALK) Shares Sold by tru Independence LLC

tru Independence LLC reduced its holdings in Alaska Air Group, Inc. (NYSE:ALK) by 6.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,585 shares of the transportation company’s stock after selling 6,585 shares during the quarter. Alaska Air Group accounts for 2.0% of tru Independence LLC’s holdings, making the stock its 14th biggest position. tru Independence LLC owned about 0.08% of Alaska Air Group worth $6,319,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of ALK. Avior Wealth Management LLC increased 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 purchased a new stake in shares of Alaska Air Group in the 3rd quarter valued at approximately $45,000. Venturi Wealth Management LLC grew its position in 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 purchasing an additional 474 shares in the last quarter. Pacifica Partners Inc. lifted its holdings in shares of Alaska Air Group by 952.4% in the third quarter. Pacifica Partners Inc. now owns 1,105 shares of the transportation company’s stock valued at $50,000 after purchasing an additional 1,000 shares in the last quarter. Finally, True Wealth Design LLC acquired a new stake in shares of Alaska Air Group in the third quarter worth $52,000. 81.90% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ALK has been the subject of a number of research reports. Citigroup raised their price objective on Alaska Air Group from $63.00 to $74.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Morgan Stanley boosted their price target on shares of Alaska Air Group from $70.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. lifted their price objective on Alaska Air Group from $58.00 to $85.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Bank of America increased their price objective on Alaska Air Group from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Finally, Melius raised Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a research note on Monday, October 28th. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $74.86.

Alaska Air Group Stock Performance

Shares of ALK opened at $69.98 on Monday. The stock has a market capitalization of $8.88 billion, a price-to-earnings ratio of 22.72, a PEG ratio of 0.59 and a beta of 1.54. Alaska Air Group, Inc. has a 12 month low of $32.62 and a 12 month high of $71.70. The firm has a fifty day simple moving average of $61.76 and a 200 day simple moving average of $48.43. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 0.93.

Alaska Air Group (NYSE:ALK) last released its 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 return on equity of 14.78% and a net margin of 3.37%. Research analysts forecast that Alaska Air Group, Inc. will post 6.03 EPS for the current fiscal year.

Insider Buying and Selling

In other Alaska Air Group news, VP Emily Halverson sold 1,329 shares of the stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $64.41, for a total value of $85,600.89. Following the completion of the transaction, the vice president now directly owns 7,150 shares in the company, valued at approximately $460,531.50. This trade represents a 15.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Muehlen Constance E. Von sold 4,000 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $63.09, for a total transaction of $252,360.00. Following the transaction, the chief operating officer now directly owns 12,162 shares of the company’s stock, valued at $767,300.58. The trade was a 24.75 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,473 shares of company stock worth $2,198,342. Insiders own 0.68% of the company’s stock.

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.