Concurrent Investment Advisors LLC Sells 1,314 Shares of Alaska Air Group, Inc. (NYSE:ALK)

Concurrent Investment Advisors LLC decreased its holdings in shares of Alaska Air Group, Inc. (NYSE:ALK) by 15.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,456 shares of the transportation company’s stock after selling 1,314 shares during the period. Concurrent Investment Advisors LLC’s holdings in Alaska Air Group were worth $483,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Avior Wealth Management LLC lifted its stake in Alaska Air Group by 44.8% during the fourth quarter. Avior Wealth Management LLC now owns 588 shares of the transportation company’s stock worth $38,000 after purchasing an additional 182 shares during the period. Pacific Center for Financial Services bought a new position in Alaska Air Group during 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 valued at $46,000 after acquiring an additional 474 shares during the last quarter. True Wealth Design LLC bought a new position in shares of Alaska Air Group in the third quarter valued at approximately $52,000. Finally, Quarry LP raised its stake in shares of Alaska Air Group by 259.3% in the third quarter. Quarry LP now owns 1,175 shares of the transportation company’s stock valued at $53,000 after acquiring an additional 848 shares during the last quarter. Institutional investors own 81.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ALK. UBS Group lifted their target price on shares of Alaska Air Group from $81.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Susquehanna upgraded shares of Alaska Air Group from a “neutral” rating to a “positive” rating and set a $95.00 target price for the company in a research note on Tuesday, January 7th. Barclays lifted their target price on shares of Alaska Air Group from $55.00 to $80.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. lifted their target price on shares of Alaska Air Group from $58.00 to $85.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Finally, The Goldman Sachs Group lifted their target price on shares of Alaska Air Group from $70.00 to $79.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. One analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Alaska Air Group currently has an average rating of “Moderate Buy” and a consensus target price of $76.69.

Insiders Place Their Bets

In other Alaska Air Group news, EVP Andrew R. Harrison sold 6,600 shares of Alaska Air Group 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 owns 34,030 shares of the company’s stock, valued at approximately $2,595,808.40. The trade was a 16.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Shane R. Tackett sold 22,893 shares of Alaska Air Group stock in a transaction 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 sale, the chief financial officer now directly owns 31,873 shares of the company’s stock, valued at $2,414,061.02. This represents a 41.80 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 189,198 shares of company stock valued at $13,415,604. Company insiders own 0.68% of the company’s stock.

Alaska Air Group Stock Performance

Shares of Alaska Air Group stock opened at $72.36 on Tuesday. 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 firm has a market cap of $8.91 billion, a P/E ratio of 23.73, a P/E/G ratio of 0.68 and a beta of 1.55. The firm has a 50 day simple moving average of $69.44 and a 200 day simple moving average of $53.84. Alaska Air Group, Inc. has a fifty-two week low of $32.62 and a fifty-two week high of $78.08.

Alaska Air Group (NYSE:ALK) last released its earnings results on Wednesday, January 22nd. The transportation company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.52. Alaska Air Group had a net margin of 3.37% and a return on equity of 14.66%. Sell-side analysts predict that Alaska Air Group, Inc. will post 6.03 earnings per share for the current fiscal 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.