Sequoia Financial Advisors LLC Sells 665 Shares of Alaska Air Group, Inc. (NYSE:ALK)

Sequoia Financial Advisors LLC decreased its holdings in Alaska Air Group, Inc. (NYSE:ALK) by 11.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,049 shares of the transportation company’s stock after selling 665 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Alaska Air Group were worth $228,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Jade Capital Advisors LLC raised its position in shares of Alaska Air Group by 337.5% in the third quarter. Jade Capital Advisors LLC now owns 175,000 shares of the transportation company’s stock valued at $7,912,000 after buying an additional 135,000 shares in the last quarter. Blue Trust Inc. raised its holdings in Alaska Air Group by 22.6% in the 3rd quarter. Blue Trust Inc. now owns 3,144 shares of the transportation company’s stock valued at $142,000 after acquiring an additional 579 shares in the last quarter. Clarius Group LLC lifted its position in shares of Alaska Air Group by 54.0% during the 3rd quarter. Clarius Group LLC now owns 31,304 shares of the transportation company’s stock valued at $1,415,000 after acquiring an additional 10,982 shares during the period. CWM LLC grew its holdings in shares of Alaska Air Group by 224.4% during the 3rd quarter. CWM LLC now owns 14,285 shares of the transportation company’s stock worth $646,000 after purchasing an additional 9,882 shares in the last quarter. Finally, Pacifica Partners Inc. increased its position 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 worth $50,000 after purchasing an additional 1,000 shares during the period. Institutional investors own 81.90% of the company’s stock.

Alaska Air Group Stock Performance

NYSE:ALK opened at $46.92 on Wednesday. The stock’s 50-day moving average is $41.41 and its 200-day moving average is $40.70. The company has a current ratio of 0.68, a quick ratio of 0.66 and a debt-to-equity ratio of 0.55. Alaska Air Group, Inc. has a 1-year low of $30.75 and a 1-year high of $47.45. The stock has a market cap of $5.95 billion, a P/E ratio of 25.09, a price-to-earnings-growth ratio of 0.66 and a beta of 1.60.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Morgan Stanley cut their price objective on shares of Alaska Air Group from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Monday, July 22nd. TD Cowen reduced their price target on shares of Alaska Air Group from $52.00 to $50.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. Melius Research upgraded shares of Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research report on Monday. Evercore ISI cut their target price on Alaska Air Group from $60.00 to $55.00 and set an “outperform” rating for the company in a research note on Thursday, October 3rd. Finally, Melius 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. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $54.17.

Alaska Air Group Company 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.