J. Goldman & Co LP Sells 282,663 Shares of Alaska Air Group, Inc. (NYSE:ALK)

J. Goldman & Co LP lessened its position in Alaska Air Group, Inc. (NYSE:ALK) by 54.2% in the 4th quarter, Holdings Channel reports. The firm owned 238,845 shares of the transportation company’s stock after selling 282,663 shares during the period. J. Goldman & Co LP’s holdings in Alaska Air Group were worth $15,465,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Maryland State Retirement & Pension System increased its position in shares of Alaska Air Group by 0.3% in the 4th quarter. Maryland State Retirement & Pension System now owns 49,905 shares of the transportation company’s stock valued at $3,231,000 after buying an additional 147 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in Alaska Air Group by 0.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 29,816 shares of the transportation company’s stock valued at $1,931,000 after acquiring an additional 160 shares during the period. Avior Wealth Management LLC grew its stake 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 valued at $38,000 after acquiring an additional 182 shares during the period. Savant Capital LLC increased its holdings in shares of Alaska Air Group by 3.4% in the fourth quarter. Savant Capital LLC now owns 6,284 shares of the transportation company’s stock worth $407,000 after acquiring an additional 206 shares in the last quarter. Finally, Mutual of America Capital Management LLC raised its position in shares of Alaska Air Group by 1.3% during the fourth quarter. Mutual of America Capital Management LLC now owns 19,229 shares of the transportation company’s stock worth $1,245,000 after purchasing an additional 254 shares during the period. 81.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Alaska Air Group

In other news, CFO Shane R. Tackett sold 22,893 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $75.74, for a total transaction of $1,733,915.82. Following the transaction, the chief financial officer now owns 31,873 shares in the company, valued at approximately $2,414,061.02. This trade represents a 41.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $503,448.00. Following the completion of the sale, the executive vice president now owns 34,030 shares of the company’s stock, valued at $2,595,808.40. This trade represents a 16.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 51,683 shares of company stock worth $3,903,453. Insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

ALK has been the subject of a number of research reports. TD Cowen increased their target price 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. JPMorgan Chase & Co. boosted their price objective on shares of Alaska Air Group from $85.00 to $89.00 and gave the company an “overweight” rating in a research report on Monday, March 3rd. Barclays reduced their target price on shares of Alaska Air Group from $62.00 to $55.00 and set an “overweight” rating for the company in a research note on Friday, April 25th. Bank of America cut their price target on Alaska Air Group from $80.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, April 3rd. Finally, The Goldman Sachs Group increased their price objective on Alaska Air Group from $70.00 to $79.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. One research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $65.92.

Alaska Air Group Price Performance

NYSE:ALK opened at $51.92 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.61 and a debt-to-equity ratio of 1.04. Alaska Air Group, Inc. has a 12-month low of $32.62 and a 12-month high of $78.08. The stock’s 50 day moving average price is $49.31 and its two-hundred day moving average price is $58.11. The firm has a market capitalization of $6.37 billion, a price-to-earnings ratio of 17.02, a P/E/G ratio of 0.43 and a beta of 1.41.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings results on Wednesday, April 23rd. The transportation company reported ($0.77) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.72) by ($0.05). Alaska Air Group had a net margin of 3.37% and a return on equity of 14.66%. The business had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.19 billion. During the same period in the prior year, the business earned ($0.92) EPS. The company’s revenue for the quarter was up 40.5% compared to the same quarter last year. On average, analysts anticipate that Alaska Air Group, Inc. will post 6.03 earnings per share for the current year.

Alaska Air Group 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.