International Assets Investment Management LLC Reduces Stock Holdings in Alaska Air Group, Inc. (NYSE:ALK)

International Assets Investment Management LLC trimmed its position in Alaska Air Group, Inc. (NYSE:ALK) by 98.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,521 shares of the transportation company’s stock after selling 187,308 shares during the period. International Assets Investment Management LLC’s holdings in Alaska Air Group were worth $226,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in ALK. Altshuler Shaham Ltd purchased a new position in shares of Alaska Air Group during the 2nd quarter valued at about $28,000. Pacific Center for Financial Services purchased a new position in shares of Alaska Air Group during the 3rd quarter valued at about $45,000. Venturi Wealth Management LLC lifted its position 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 valued at $46,000 after buying an additional 474 shares in the last quarter. Pacifica Partners Inc. lifted its position in shares of Alaska Air Group by 952.4% during the 3rd quarter. Pacifica Partners Inc. now owns 1,105 shares of the transportation company’s stock valued at $50,000 after buying an additional 1,000 shares in the last quarter. Finally, True Wealth Design LLC purchased a new position in shares of Alaska Air Group during the 3rd quarter valued at about $52,000. 81.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Morgan Stanley lifted their price objective on Alaska Air Group from $70.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Citigroup lifted their price objective on Alaska Air Group from $63.00 to $74.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Melius Research raised Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a report on Monday, October 28th. UBS Group boosted their price target on Alaska Air Group from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Finally, Evercore ISI lowered their price target on Alaska Air Group from $60.00 to $55.00 and set an “outperform” rating on the stock in a report on Thursday, October 3rd. One analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $70.14.

Alaska Air Group Stock Performance

NYSE:ALK opened at $66.42 on Tuesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.60 and a quick ratio of 0.57. Alaska Air Group, Inc. has a 1 year low of $32.62 and a 1 year high of $69.10. The stock’s 50 day simple moving average is $58.86 and its two-hundred day simple moving average is $46.62. The company has a market cap of $8.43 billion, a price-to-earnings ratio of 26.78, a PEG ratio of 1.24 and a beta of 1.54.

Alaska Air Group (NYSE:ALK) last released its earnings results on Thursday, October 31st. The transportation company reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.03. The firm had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3 billion. Alaska Air Group had a return on equity of 12.81% and a net margin of 2.99%. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.83 EPS. As a group, equities analysts anticipate that Alaska Air Group, Inc. will post 4.3 earnings per share for the current fiscal year.

Insider Activity

In other Alaska Air Group news, VP Emily Halverson sold 1,329 shares of the company’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $64.41, for a total value of $85,600.89. Following the transaction, the vice president now owns 7,150 shares of the company’s stock, valued at $460,531.50. This represents a 15.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Andrea L. Schneider sold 800 shares of the company’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $63.89, for a total value of $51,112.00. Following the completion of the transaction, the senior vice president now directly owns 20,286 shares in the company, valued at $1,296,072.54. This trade represents a 3.79 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,473 shares of company stock valued at $2,198,342. 0.68% of the stock is currently owned by insiders.

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.