Blue Trust Inc. Has $160,000 Stock Holdings in Alaska Air Group, Inc. (NYSE:ALK)

Blue Trust Inc. decreased its stake in Alaska Air Group, Inc. (NYSE:ALK) by 21.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,471 shares of the transportation company’s stock after selling 673 shares during the quarter. Blue Trust Inc.’s holdings in Alaska Air Group were worth $160,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. FMR LLC grew its holdings in shares of Alaska Air Group by 32.4% during the third quarter. FMR LLC now owns 1,084,639 shares of the transportation company’s stock worth $49,037,000 after buying an additional 265,343 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of Alaska Air Group by 54.7% during the 3rd quarter. Bank of Montreal Can now owns 57,577 shares of the transportation company’s stock worth $2,591,000 after acquiring an additional 20,347 shares during the period. Friedenthal Financial bought a new position in shares of Alaska Air Group during the 4th quarter worth approximately $772,000. Entropy Technologies LP lifted its holdings in Alaska Air Group by 358.9% during the 3rd quarter. Entropy Technologies LP now owns 27,428 shares of the transportation company’s stock worth $1,240,000 after purchasing an additional 21,451 shares during the last quarter. Finally, Quantbot Technologies LP lifted its holdings in Alaska Air Group by 156.3% during the 3rd quarter. Quantbot Technologies LP now owns 83,777 shares of the transportation company’s stock worth $3,788,000 after purchasing an additional 51,096 shares during the last quarter. Institutional investors and hedge funds own 81.90% of the company’s stock.

Insider Transactions at Alaska Air Group

In other news, SVP Andrea L. Schneider sold 800 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The stock was 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 of the company’s stock, valued at $1,296,072.54. This represents a 3.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Shane R. Tackett sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $63.56, for a total value of $317,800.00. Following the completion of the transaction, the chief financial officer now directly owns 27,362 shares of the company’s stock, valued at approximately $1,739,128.72. This represents a 15.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 182,598 shares of company stock valued at $12,912,156 over the last ninety days. 0.68% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Barclays lifted their price target on Alaska Air Group from $55.00 to $80.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Melius Research upgraded Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research note on Monday, October 28th. Melius upgraded Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a research report on Monday, October 28th. UBS Group boosted their price objective on Alaska Air Group from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Finally, Susquehanna upgraded Alaska Air Group from a “neutral” rating to a “positive” rating and set a $95.00 price target on the stock in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $76.69.

Alaska Air Group Stock Down 1.6 %

Shares of NYSE:ALK opened at $75.35 on Friday. The company has a market capitalization of $9.27 billion, a price-to-earnings ratio of 24.71, a P/E/G ratio of 0.68 and a beta of 1.55. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.61 and a quick ratio of 0.58. The business’s 50-day moving average is $69.11 and its 200-day moving average is $53.04. Alaska Air Group, Inc. has a 1 year low of $32.62 and a 1 year high of $78.08.

Alaska Air Group (NYSE:ALK) last posted its quarterly earnings results on Wednesday, January 22nd. The transportation company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.52. Alaska Air Group had a return on equity of 14.66% and a net margin of 3.37%. Equities research analysts predict that Alaska Air Group, Inc. will post 6.03 earnings per share for the current 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.