Alaska Air Group, Inc. (NYSE:ALK) Shares Sold by Bank of Montreal Can

Bank of Montreal Can lessened its holdings in Alaska Air Group, Inc. (NYSE:ALK) by 47.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,988 shares of the transportation company’s stock after selling 27,589 shares during the period. Bank of Montreal Can’s holdings in Alaska Air Group were worth $1,942,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Avior Wealth Management LLC increased its position in shares of Alaska Air Group by 44.8% in the fourth quarter. Avior Wealth Management LLC now owns 588 shares of the transportation company’s stock valued at $38,000 after buying an additional 182 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Alaska Air Group in the 4th quarter worth $52,000. Wilmington Savings Fund Society FSB purchased a new stake in Alaska Air Group in the 3rd quarter worth $59,000. EverSource Wealth Advisors LLC raised its position in Alaska Air Group by 61.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 955 shares of the transportation company’s stock worth $62,000 after acquiring an additional 364 shares during the period. Finally, Millstone Evans Group LLC purchased a new position in Alaska Air Group during the fourth quarter valued at $76,000. Institutional investors and hedge funds own 81.90% of the company’s stock.

Wall Street Analyst Weigh In

ALK has been the subject of several research analyst reports. The Goldman Sachs Group upped their price target on shares of Alaska Air Group from $70.00 to $79.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Barclays decreased their target price on Alaska Air Group from $80.00 to $62.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. TD Cowen boosted their price target on Alaska Air Group from $85.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Citigroup decreased their price objective on Alaska Air Group from $83.00 to $81.00 and set a “buy” rating on the stock in a report on Tuesday, March 18th. Finally, UBS Group lowered shares of Alaska Air Group from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $75.00 to $54.00 in a report on Monday, April 7th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Alaska Air Group currently has an average rating of “Moderate Buy” and a consensus target price of $70.15.

Insider Activity at Alaska Air Group

In related news, CEO Joseph A. Sprague sold 9,500 shares of the business’s stock in a transaction on Friday, January 24th. The stock was sold at an average price of $68.90, for a total value of $654,550.00. Following the sale, the chief executive officer now owns 9,840 shares in the company, valued at approximately $677,976. The trade was a 49.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Andrea L. Schneider sold 1,830 shares of the stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $73.32, for a total value of $134,175.60. Following the transaction, the senior vice president now directly owns 20,286 shares in the company, valued at approximately $1,487,369.52. The trade was a 8.27 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 154,725 shares of company stock worth $11,217,263. Company insiders own 0.68% of the company’s stock.

Alaska Air Group Stock Down 2.6 %

Shares of NYSE ALK opened at $44.63 on Thursday. The company has a market capitalization of $5.48 billion, a P/E ratio of 14.63, a P/E/G ratio of 0.43 and a beta of 1.37. 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 company has a 50 day simple moving average of $58.36 and a 200-day simple moving average of $57.82. 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 earnings results on Wednesday, January 22nd. The transportation company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.52. Alaska Air Group had a return on equity of 14.66% and a net margin of 3.37%. On average, equities research analysts predict that Alaska Air Group, Inc. will post 6.03 earnings per share for the current year.

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.