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

J. Goldman & Co LP lowered its stake in shares of Alaska Air Group, Inc. (NYSE:ALK) by 54.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 238,845 shares of the transportation company’s stock after selling 282,663 shares during the quarter. J. Goldman & Co LP owned about 0.19% of Alaska Air Group worth $15,465,000 at the end of the most recent reporting period.

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

Insider Activity

In related news, EVP Andrew R. Harrison sold 6,600 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 34,030 shares in the company, valued at $2,595,808.40. This represents a 16.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Shane R. Tackett sold 22,893 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $75.74, for a total transaction of $1,733,915.82. Following the completion of the transaction, the chief financial officer now directly owns 31,873 shares in the company, valued at approximately $2,414,061.02. The trade was a 41.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 51,683 shares of company stock valued at $3,903,453 over the last 90 days. 1.00% of the stock is owned by company insiders.

Alaska Air Group Trading Down 1.6 %

Shares of NYSE ALK opened at $51.92 on Friday. Alaska Air Group, Inc. has a 1-year low of $32.62 and a 1-year high of $78.08. The company has a 50-day moving average of $49.31 and a two-hundred day moving average of $58.11. The company has a market cap of $6.37 billion, a PE ratio of 17.02, a P/E/G ratio of 0.43 and a beta of 1.41. The company has a current ratio of 0.61, a quick ratio of 0.58 and a debt-to-equity ratio of 1.04.

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

Analyst Ratings Changes

ALK has been the subject of several recent research reports. UBS Group lowered shares of Alaska Air Group from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $75.00 to $54.00 in a research report on Monday, April 7th. Barclays decreased their price target on Alaska Air Group from $62.00 to $55.00 and set an “overweight” rating on the stock in a research note on Friday, April 25th. JPMorgan Chase & Co. upped their price target on Alaska Air Group from $85.00 to $89.00 and gave the company an “overweight” rating in a research report on Monday, March 3rd. TD Cowen lifted their price objective on Alaska Air Group from $54.00 to $62.00 and gave the company a “buy” rating in a report on Friday, April 25th. Finally, The Goldman Sachs Group upped their target price on shares of Alaska Air Group from $70.00 to $79.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $65.92.

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.