Alaska Air Group, Inc. (NYSE:ALK) Shares Sold by Level Four Advisory Services LLC

Level Four Advisory Services LLC trimmed its position in Alaska Air Group, Inc. (NYSE:ALKFree Report) by 17.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 71,347 shares of the transportation company’s stock after selling 14,793 shares during the period. Level Four Advisory Services LLC owned about 0.06% of Alaska Air Group worth $2,788,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ALK. Vanguard Group Inc. boosted its stake in shares of Alaska Air Group by 0.3% in the third quarter. Vanguard Group Inc. now owns 14,461,295 shares of the transportation company’s stock worth $536,225,000 after acquiring an additional 47,871 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Alaska Air Group by 13.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,439,909 shares of the transportation company’s stock worth $212,543,000 after buying an additional 660,455 shares in the last quarter. Boston Partners raised its position in shares of Alaska Air Group by 64.6% in the fourth quarter. Boston Partners now owns 3,811,191 shares of the transportation company’s stock valued at $148,861,000 after buying an additional 1,495,311 shares during the last quarter. Invesco Ltd. boosted its position in Alaska Air Group by 18.5% during the third quarter. Invesco Ltd. now owns 3,447,347 shares of the transportation company’s stock worth $127,828,000 after acquiring an additional 537,147 shares during the last quarter. Finally, Wellington Management Group LLP grew its stake in Alaska Air Group by 16.3% during the 3rd quarter. Wellington Management Group LLP now owns 2,554,257 shares of the transportation company’s stock valued at $94,712,000 after acquiring an additional 358,749 shares in the last quarter. 81.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Andrew R. Harrison sold 6,500 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $38.36, for a total transaction of $249,340.00. Following the completion of the transaction, the executive vice president now directly owns 26,048 shares of the company’s stock, valued at approximately $999,201.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.68% of the company’s stock.

Alaska Air Group Trading Up 0.0 %

NYSE ALK traded up $0.01 during trading on Friday, hitting $43.29. The stock had a trading volume of 1,686,948 shares, compared to its average volume of 1,788,397. The company has a market capitalization of $5.49 billion, a PE ratio of 23.15, a PEG ratio of 0.58 and a beta of 1.60. Alaska Air Group, Inc. has a twelve month low of $30.75 and a twelve month high of $57.18. The company has a quick ratio of 0.63, a current ratio of 0.65 and a debt-to-equity ratio of 0.57. The firm has a 50 day moving average price of $42.08 and a 200 day moving average price of $38.64.

Alaska Air Group (NYSE:ALKGet Free Report) last announced its earnings results on Thursday, April 18th. The transportation company reported ($0.92) earnings per share for the quarter, topping the consensus estimate of ($1.09) by $0.17. Alaska Air Group had a net margin of 2.34% and a return on equity of 13.54%. The firm had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same period in the prior year, the firm earned ($0.62) EPS. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. As a group, equities research analysts forecast that Alaska Air Group, Inc. will post 4.68 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on ALK shares. Bank of America boosted their target price on Alaska Air Group from $50.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Susquehanna lifted their price target on Alaska Air Group from $40.00 to $42.00 and gave the stock a “neutral” rating in a report on Friday, April 19th. TD Cowen upped their price objective on shares of Alaska Air Group from $49.00 to $58.00 and gave the company a “buy” rating in a report on Friday, April 19th. StockNews.com upgraded shares of Alaska Air Group from a “sell” rating to a “hold” rating in a research report on Friday, April 19th. Finally, Wolfe Research upgraded shares of Alaska Air Group from a “peer perform” rating to an “outperform” rating and set a $55.00 target price on the stock in a report on Friday. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Alaska Air Group has a consensus rating of “Moderate Buy” and an average target price of $56.60.

Check Out Our Latest Stock Report on Alaska Air Group

Alaska Air Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Alaska Air Group (NYSE:ALK)

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