Dorsey & Whitney Trust CO LLC Sells 995 Shares of Alaska Air Group, Inc. (NYSE:ALK)

Dorsey & Whitney Trust CO LLC lessened its holdings in Alaska Air Group, Inc. (NYSE:ALK) by 6.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,736 shares of the transportation company’s stock after selling 995 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Alaska Air Group were worth $889,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ALK. Avior Wealth Management LLC boosted its holdings in Alaska Air Group by 44.8% in the fourth quarter. Avior Wealth Management LLC now owns 588 shares of the transportation company’s stock worth $38,000 after acquiring an additional 182 shares in the last quarter. Pacific Center for Financial Services acquired a new stake in Alaska Air Group in the third quarter worth about $45,000. Venturi Wealth Management LLC raised its stake in shares of Alaska Air Group by 86.0% in the third quarter. Venturi Wealth Management LLC now owns 1,025 shares of the transportation company’s stock worth $46,000 after purchasing an additional 474 shares during the last quarter. True Wealth Design LLC purchased a new position in shares of Alaska Air Group in the third quarter worth about $52,000. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Alaska Air Group in the fourth quarter worth about $52,000. Institutional investors and hedge funds own 81.90% of the company’s stock.

Insiders Place Their Bets

In other Alaska Air Group news, SVP Andrea L. Schneider sold 3,700 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $63.50, for a total transaction of $234,950.00. Following the transaction, the senior vice president now owns 21,086 shares of the company’s stock, valued at approximately $1,338,961. The trade was a 14.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Emily Halverson sold 1,329 shares of the business’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 directly owns 7,150 shares in the company, valued at $460,531.50. This trade represents a 15.67 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 189,198 shares of company stock valued at $13,415,604. Insiders own 0.68% of the company’s stock.

Alaska Air Group Stock Performance

Shares of NYSE:ALK opened at $60.59 on Monday. 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 price is $69.81 and its 200-day moving average price is $55.93. The firm has a market capitalization of $7.46 billion, a PE ratio of 19.86, a P/E/G ratio of 0.43 and a beta of 1.50. 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 issued its quarterly earnings results on Wednesday, January 22nd. The transportation company reported $0.97 earnings per share (EPS) 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%. As a group, equities research analysts expect that Alaska Air Group, Inc. will post 6.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ALK. TD Cowen raised their price objective on Alaska Air Group from $85.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. UBS Group lifted their price target on Alaska Air Group from $81.00 to $82.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Citigroup lifted their price target 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. Susquehanna upgraded Alaska Air Group from a “neutral” rating to a “positive” rating and set a $95.00 price target for the company in a research report on Tuesday, January 7th. Finally, Bank of America lifted their price target on Alaska Air Group from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, January 17th. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Alaska Air Group currently has an average rating of “Moderate Buy” and a consensus price target of $77.00.

About Alaska Air Group

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.