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

Coldstream Capital Management Inc. cut its holdings in Alaska Air Group, Inc. (NYSE:ALK) by 27.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,402 shares of the transportation company’s stock after selling 2,482 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Alaska Air Group were worth $290,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of ALK. Altshuler Shaham Ltd bought a new position in Alaska Air Group during the second quarter valued at $28,000. Pacific Center for Financial Services purchased a new stake in shares of Alaska Air Group during the 3rd quarter valued at about $45,000. Venturi Wealth Management LLC lifted its holdings in shares of Alaska Air Group by 86.0% in the 3rd 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. Pacifica Partners Inc. grew its position in Alaska Air Group by 952.4% in the third quarter. Pacifica Partners Inc. now owns 1,105 shares of the transportation company’s stock worth $50,000 after acquiring an additional 1,000 shares in the last quarter. Finally, True Wealth Design LLC bought a new stake in Alaska Air Group during the third quarter worth approximately $52,000. Institutional investors own 81.90% of the company’s stock.

Alaska Air Group Price Performance

ALK opened at $62.57 on Monday. The company has a market capitalization of $7.94 billion, a price-to-earnings ratio of 25.23, a PEG ratio of 1.24 and a beta of 1.60. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 0.93. Alaska Air Group, Inc. has a 12-month low of $32.62 and a 12-month high of $65.62. The business’s fifty day simple moving average is $50.51 and its 200-day simple moving average is $43.03.

Alaska Air Group (NYSE:ALK) last posted its earnings results on Thursday, October 31st. The transportation company reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.03. Alaska Air Group had a net margin of 2.99% and a return on equity of 12.81%. The business had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3 billion. During the same quarter last year, the firm posted $1.83 EPS. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, equities research analysts anticipate that Alaska Air Group, Inc. will post 4.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on ALK shares. Citigroup lowered their price objective on Alaska Air Group from $51.00 to $48.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Barclays raised their price target on Alaska Air Group from $55.00 to $80.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. The Goldman Sachs Group reiterated a “buy” rating and set a $70.00 price objective on shares of Alaska Air Group in a research report on Friday, November 15th. Evercore ISI lowered their target price on shares of Alaska Air Group from $60.00 to $55.00 and set an “outperform” rating for the company in a report on Thursday, October 3rd. Finally, Bank of America upped their price target on shares of Alaska Air Group from $50.00 to $55.00 and gave the company a “buy” rating in a report on Friday, September 13th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $64.00.

Insider Buying and Selling at Alaska Air Group

In related news, CFO Shane R. Tackett sold 5,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $63.56, for a total transaction of $317,800.00. Following the completion of the sale, the chief financial officer now directly owns 27,362 shares in the company, valued at $1,739,128.72. This represents a 15.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Andrea L. Schneider sold 3,700 shares of Alaska Air Group stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $63.50, for a total value of $234,950.00. Following the completion of the transaction, the senior vice president now owns 21,086 shares in the company, valued at $1,338,961. This trade represents a 14.93 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,580 shares of company stock valued at $1,693,569. 0.68% of the stock is currently owned by corporate insiders.

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.