Coldstream Capital Management Inc. lessened its stake in shares of Alaska Air Group, Inc. (NYSE:ALK) by 19.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,415 shares of the transportation company’s stock after selling 3,272 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Alaska Air Group were worth $816,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. We Are One Seven LLC acquired a new position in shares of Alaska Air Group in the 4th quarter valued at $34,000. North Star Investment Management Corp. acquired a new position in shares of Alaska Air Group in the 4th quarter valued at $49,000. Enlightenment Research LLC acquired a new position in shares of Alaska Air Group in the 4th quarter valued at $61,000. Legacy Financial Advisors Inc. increased its holdings in shares of Alaska Air Group by 134.4% in the 4th quarter. Legacy Financial Advisors Inc. now owns 1,261 shares of the transportation company’s stock valued at $77,000 after acquiring an additional 723 shares during the period. Finally, Bremer Trust National Association acquired a new position in shares of Alaska Air Group in the 4th quarter valued at $94,000. Institutional investors and hedge funds own 88.30% of the company’s stock.
In other news, VP Christopher Michael Berry sold 750 shares of the company’s stock in a transaction dated Wednesday, February 13th. The shares were sold at an average price of $67.14, for a total transaction of $50,355.00. Following the completion of the transaction, the vice president now owns 1,233 shares of the company’s stock, valued at approximately $82,783.62. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Brandon Pedersen sold 4,026 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $62.00, for a total transaction of $249,612.00. Following the transaction, the vice president now directly owns 26,524 shares of the company’s stock, valued at approximately $1,644,488. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,776 shares of company stock worth $551,687. 0.43% of the stock is owned by insiders.
Alaska Air Group (NYSE:ALK) last released its quarterly earnings data on Thursday, January 24th. The transportation company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.73 by $0.02. The business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.06 billion. Alaska Air Group had a net margin of 5.29% and a return on equity of 15.20%. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.83 EPS. On average, research analysts expect that Alaska Air Group, Inc. will post 6.05 EPS for the current fiscal year.
A number of brokerages have recently commented on ALK. ValuEngine cut shares of Alaska Air Group from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th. TheStreet cut shares of Alaska Air Group from a “b-” rating to a “c” rating in a report on Thursday, January 24th. Macquarie raised shares of Alaska Air Group from a “neutral” rating to an “outperform” rating and set a $63.48 target price on the stock in a report on Monday, January 28th. Imperial Capital reissued an “outperform” rating and issued a $90.00 price objective (down from $93.00) on shares of Alaska Air Group in a research note on Monday, January 28th. Finally, Credit Suisse Group set a $76.00 price objective on shares of Alaska Air Group and gave the company a “buy” rating in a research note on Friday, April 12th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. Alaska Air Group currently has an average rating of “Buy” and an average price target of $76.03.
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Alaska Air Group Profile
Alaska Air Group, Inc, through its subsidiaries, provides passenger and cargo air transportation services. The company operates through three segments: Mainline, Regional, and Horizon. It has a network of approximately 1,200 daily flights to 115 destinations across the United States, Mexico, Canada, and Costa Rica.
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