Thompson Siegel & Walmsley LLC Has $14.42 Million Stock Position in Alaska Air Group, Inc. (NYSE:ALK)

Thompson Siegel & Walmsley LLC cut its stake in Alaska Air Group, Inc. (NYSE:ALK) by 34.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 222,769 shares of the transportation company’s stock after selling 116,382 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Alaska Air Group were worth $14,424,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of 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 worth $38,000 after purchasing an additional 182 shares during the last quarter. Pacific Center for Financial Services purchased a new stake in shares of Alaska Air Group in the third quarter worth approximately $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 worth $46,000 after purchasing an additional 474 shares during the last quarter. True Wealth Design LLC purchased a new stake in shares of Alaska Air Group in the third quarter worth approximately $52,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Alaska Air Group in the fourth quarter worth approximately $52,000. 81.90% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Alaska Air Group news, CFO Shane R. Tackett sold 22,893 shares of the firm’s stock in a transaction dated 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 owns 31,873 shares in the company, valued at $2,414,061.02. This trade represents a 41.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Andrea L. Schneider sold 800 shares of the firm’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $63.89, for a total value of $51,112.00. Following the sale, the senior vice president now owns 20,286 shares in the company, valued at $1,296,072.54. The trade was a 3.79 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 166,618 shares of company stock worth $11,974,395. Corporate insiders own 0.68% of the company’s stock.

Alaska Air Group Price Performance

Alaska Air Group stock opened at $53.33 on Thursday. Alaska Air Group, Inc. has a one year low of $32.62 and a one year high of $78.08. The business has a fifty day moving average price of $69.17 and a 200-day moving average price of $56.18. 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 capitalization of $6.56 billion, a P/E ratio of 17.48, a PEG ratio of 0.43 and a beta of 1.50.

Alaska Air Group (NYSE:ALK) last posted its quarterly 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 return on equity of 14.66% and a net margin of 3.37%. As a group, equities research analysts forecast that Alaska Air Group, Inc. will post 6.03 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Susquehanna raised Alaska Air Group from a “neutral” rating to a “positive” rating and set a $95.00 price target for the company in a research report on Tuesday, January 7th. The Goldman Sachs Group increased their price target on Alaska Air Group from $70.00 to $79.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. JPMorgan Chase & Co. increased 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. Morgan Stanley increased their price target on Alaska Air Group from $70.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Finally, Bank of America increased their price target on Alaska Air Group from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, January 17th. One research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Alaska Air Group has a consensus rating of “Moderate Buy” and a consensus target price of $77.00.

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.