Coldstream Capital Management Inc. Trims Stock Position in Alaska Air Group, Inc. (NYSE:ALK)

Coldstream Capital Management Inc. reduced its stake in Alaska Air Group, Inc. (NYSE:ALK) by 4.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,097 shares of the transportation company’s stock after selling 305 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Alaska Air Group were worth $395,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Friedenthal Financial purchased a new stake in shares of Alaska Air Group in the fourth quarter valued at about $772,000. Franklin Resources Inc. boosted its holdings in Alaska Air Group by 4.1% in the 3rd quarter. Franklin Resources Inc. now owns 633,514 shares of the transportation company’s stock valued at $28,312,000 after purchasing an additional 24,796 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Alaska Air Group in the 4th quarter valued at approximately $52,000. Jones Financial Companies Lllp increased its position in Alaska Air Group by 77.8% during the 4th quarter. Jones Financial Companies Lllp now owns 5,221 shares of the transportation company’s stock worth $338,000 after purchasing an additional 2,284 shares during the period. Finally, HighTower Advisors LLC raised its stake in shares of Alaska Air Group by 20.6% during the 4th quarter. HighTower Advisors LLC now owns 12,773 shares of the transportation company’s stock worth $827,000 after buying an additional 2,186 shares in the last quarter. Institutional investors and hedge funds own 81.90% of the company’s stock.

Insider Buying and Selling

In other news, EVP Andrew R. Harrison sold 6,600 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $76.28, for a total transaction of $503,448.00. Following the completion of the sale, the executive vice president now directly owns 34,030 shares of the company’s stock, valued at $2,595,808.40. The trade was a 16.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Shane R. Tackett sold 22,893 shares of Alaska Air Group stock in a transaction on Monday, February 10th. The shares were sold at an average price of $75.74, for a total value of $1,733,915.82. Following the completion of the transaction, the chief financial officer now owns 31,873 shares in the company, valued at $2,414,061.02. The trade was a 41.80 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 51,650 shares of company stock worth $3,901,798. 1.00% of the stock is owned by insiders.

Alaska Air Group Stock Up 1.4 %

Shares of NYSE:ALK opened at $44.32 on Thursday. The company has a quick ratio of 0.58, a current ratio of 0.61 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $5.44 billion, a P/E ratio of 14.53, a P/E/G ratio of 0.43 and a beta of 1.37. Alaska Air Group, Inc. has a 52-week low of $32.62 and a 52-week high of $78.08. The stock’s fifty day simple moving average is $52.29 and its 200-day simple moving average is $57.84.

Alaska Air Group (NYSE:ALK) last released its earnings results on Wednesday, April 23rd. The transportation company reported ($0.77) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.72) by ($0.05). The firm had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $3.19 billion. Alaska Air Group had a net margin of 3.37% and a return on equity of 14.66%. Alaska Air Group’s revenue for the quarter was up 40.5% on a year-over-year basis. During the same quarter last year, the company posted ($0.92) earnings per share. As a group, equities research analysts forecast that Alaska Air Group, Inc. will post 6.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on ALK shares. Susquehanna dropped their price objective on Alaska Air Group from $95.00 to $55.00 and set a “positive” rating on the stock in a report on Monday, April 7th. Citigroup cut their price target on shares of Alaska Air Group from $83.00 to $81.00 and set a “buy” rating for the company in a report on Tuesday, March 18th. UBS Group downgraded shares of Alaska Air Group from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $75.00 to $54.00 in a report on Monday, April 7th. Bank of America dropped their target price on shares of Alaska Air Group from $80.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, April 3rd. Finally, TD Cowen boosted their price target on Alaska Air Group from $54.00 to $62.00 and gave the stock a “buy” rating in a research note on Friday, April 25th. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $65.92.

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.