Russell Investments Group Ltd. Sells 86,439 Shares of Alaska Air Group, Inc. (NYSE:ALK)

Russell Investments Group Ltd. lowered its stake in Alaska Air Group, Inc. ( NYSE:ALK – Free Report ) by 61.

7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 53,714 shares of the transportation company’s stock after selling 86,439 shares during the quarter. Russell Investments Group Ltd.



’s holdings in Alaska Air Group were worth $3,478,000 as of its most recent filing with the Securities & Exchange Commission. A number of other large investors have also recently made changes to their positions in the stock. Avior Wealth Management LLC increased its stake in Alaska Air Group by 44.

8% in the 4th quarter. Avior Wealth Management LLC now owns 588 shares of the transportation company’s stock worth $38,000 after buying an additional 182 shares in the last quarter. SBI Securities Co.

Ltd. purchased a new stake in shares of Alaska Air Group during the fourth quarter worth about $52,000. Wilmington Savings Fund Society FSB bought a new stake in Alaska Air Group during the 3rd quarter valued at approximately $59,000.

EverSource Wealth Advisors LLC lifted its holdings in Alaska Air Group by 61.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 955 shares of the transportation company’s stock worth $62,000 after purchasing an additional 364 shares in the last quarter.

Finally, Millstone Evans Group LLC purchased a new position in Alaska Air Group in the 4th quarter worth approximately $76,000. 81.90% of the stock is owned by hedge funds and other institutional investors.

Alaska Air Group Price Performance Shares of ALK stock opened at $44.63 on Thursday. The stock has a market capitalization of $5.

48 billion, a price-to-earnings ratio of 14.63, a P/E/G ratio of 0.43 and a beta of 1.

37. 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, Inc.

has a twelve month low of $32.62 and a twelve month high of $78.08.

The stock has a fifty day simple moving average of $58.36 and a two-hundred day simple moving average of $57.82.

Wall Street Analyst Weigh In Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of Alaska Air Group from $85.

00 to $89.00 and gave the stock an “overweight” rating in a report on Monday, March 3rd. Citigroup dropped their price objective on shares of Alaska Air Group from $83.

00 to $81.00 and set a “buy” rating for the company in a report on Tuesday, March 18th. The Goldman Sachs Group lifted their target price on Alaska Air Group from $70.

00 to $79.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. TD Cowen increased their price target on Alaska Air Group from $85.

00 to $110.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Finally, Bank of America cut their price target on Alaska Air Group from $80.

00 to $70.00 and set a “buy” rating for the company in a report on Thursday, April 3rd. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock.

According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.15.

View Our Latest Stock Analysis on ALK Insider Activity In other Alaska Air Group news, CEO Joseph A. Sprague sold 9,500 shares of Alaska Air Group stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $68.

90, for a total value of $654,550.00. Following the transaction, the chief executive officer now owns 9,840 shares in the company, valued at $677,976.

The trade was a 49.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website .

Also, CFO Shane R. Tackett sold 22,893 shares of the stock in a transaction dated 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 sale, the chief financial officer now directly owns 31,873 shares of the company’s stock, 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 . In the last three months, insiders have sold 154,725 shares of company stock worth $11,217,263. 0.

68% of the stock is currently owned by company insiders. Alaska Air Group Company Profile ( Free Report ) 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. Recommended Stories Want to see what other hedge funds are holding ALK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alaska Air Group, Inc.

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