Alaska Air Group, Inc. (NYSE:ALK) Shares Sold by Coombe Bender & Co LLC

Coombe Bender & Co LLC cut its stake in shares of Alaska Air Group, Inc. (NYSE:ALK) by 10.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 47,718 shares of the transportation company’s stock after selling 5,644 shares during the period. Alaska Air Group makes up 1.2% of Coombe Bender & Co LLC’s portfolio, making the stock its 27th largest holding. Coombe Bender & Co LLC’s holdings in Alaska Air Group were worth $1,864,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV increased its holdings in shares of Alaska Air Group by 215.8% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 761 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 520 shares in the last quarter. Creative Financial Designs Inc. ADV grew its holdings in shares of Alaska Air Group by 255.5% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 775 shares of the transportation company’s stock worth $30,000 after acquiring an additional 557 shares during the period. Itau Unibanco Holding S.A. increased its stake in Alaska Air Group by 456.1% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 912 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 748 shares in the last quarter. Allworth Financial LP boosted its position in Alaska Air Group by 63.4% during the third quarter. Allworth Financial LP now owns 1,297 shares of the transportation company’s stock worth $48,000 after purchasing an additional 503 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new stake in Alaska Air Group in the 4th quarter valued at about $67,000. 81.90% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Alaska Air Group

In related news, EVP Andrew R. Harrison sold 6,500 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now owns 26,048 shares of the company’s stock, valued at $999,201.28. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. TD Cowen upped their target price on Alaska Air Group from $49.00 to $58.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Melius cut Alaska Air Group from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Deutsche Bank Aktiengesellschaft raised shares of Alaska Air Group from a “hold” rating to a “buy” rating and boosted their target price for the company from $44.00 to $51.00 in a research note on Tuesday, February 20th. StockNews.com raised shares of Alaska Air Group from a “sell” rating to a “hold” rating in a research note on Friday, April 19th. Finally, UBS Group assumed coverage on shares of Alaska Air Group in a research note on Wednesday, March 20th. They set a “buy” rating and a $54.00 price objective on the stock. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $57.85.

Alaska Air Group Stock Performance

ALK stock traded up $0.26 during trading on Thursday, hitting $42.44. 643,018 shares of the company’s stock traded hands, compared to its average volume of 2,445,042. The company has a quick ratio of 0.63, a current ratio of 0.65 and a debt-to-equity ratio of 0.85. The stock has a fifty day moving average price of $40.69 and a two-hundred day moving average price of $37.76. Alaska Air Group, Inc. has a 52 week low of $30.75 and a 52 week high of $57.18. The stock has a market capitalization of $5.34 billion, a price-to-earnings ratio of 22.56, a price-to-earnings-growth ratio of 0.58 and a beta of 1.60.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings data on Thursday, April 18th. The transportation company reported ($0.92) earnings per share for the quarter, beating the consensus estimate of ($1.09) by $0.17. The firm had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.18 billion. Alaska Air Group had a net margin of 2.34% and a return on equity of 13.54%. Alaska Air Group’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period last year, the firm posted ($0.62) EPS. As a group, equities analysts anticipate that Alaska Air Group, Inc. will post 4.68 EPS for the current fiscal year.

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.