tru Independence LLC Has $6.32 Million Stake in Alaska Air Group, Inc. (NYSE:ALK)

tru Independence LLC reduced its holdings in shares of Alaska Air Group, Inc. (NYSE:ALK) by 6.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 97,585 shares of the transportation company’s stock after selling 6,585 shares during the period. Alaska Air Group accounts for approximately 2.0% of tru Independence LLC’s investment portfolio, making the stock its 14th biggest holding. tru Independence LLC’s holdings in Alaska Air Group were worth $6,319,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Avior Wealth Management LLC increased its position 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 valued at $38,000 after buying an additional 182 shares in the last quarter. Verdence Capital Advisors LLC raised its holdings in Alaska Air Group by 2.2% during the third quarter. Verdence Capital Advisors LLC now owns 10,180 shares of the transportation company’s stock worth $460,000 after buying an additional 215 shares during the last quarter. QRG Capital Management Inc. lifted its stake in shares of Alaska Air Group by 2.7% in the third quarter. QRG Capital Management Inc. now owns 9,271 shares of the transportation company’s stock valued at $419,000 after buying an additional 242 shares in the last quarter. First Trust Direct Indexing L.P. grew its stake in shares of Alaska Air Group by 4.7% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 5,938 shares of the transportation company’s stock worth $268,000 after acquiring an additional 267 shares in the last quarter. Finally, Coastwise Capital Group LLC boosted its holdings in Alaska Air Group by 6.0% during the third quarter. Coastwise Capital Group LLC now owns 5,354 shares of the transportation company’s stock worth $242,000 after purchasing an additional 304 shares during the last quarter. 81.90% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Andrea L. Schneider sold 800 shares of the company’s stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $63.89, for a total transaction 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. This represents a 3.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Andrew R. Harrison sold 13,880 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $64.01, for a total value of $888,458.80. Following the completion of the transaction, the executive vice president now owns 20,638 shares in the company, valued at approximately $1,321,038.38. This represents a 40.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 34,473 shares of company stock worth $2,198,342. Company insiders own 0.68% of the company’s stock.

Alaska Air Group Stock Up 0.0 %

Shares of NYSE:ALK opened at $69.98 on Monday. Alaska Air Group, Inc. has a 52-week low of $32.62 and a 52-week high of $71.70. The business has a fifty day moving average of $61.76 and a two-hundred day moving average of $48.43. The company has a quick ratio of 0.57, a current ratio of 0.60 and a debt-to-equity ratio of 0.93. The stock has a market cap of $8.88 billion, a P/E ratio of 22.72, a PEG ratio of 0.59 and a beta of 1.54.

Alaska Air Group (NYSE:ALK) last announced its earnings results on Wednesday, January 22nd. The transportation company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.52. Alaska Air Group had a net margin of 3.37% and a return on equity of 14.78%. On average, research analysts expect that Alaska Air Group, Inc. will post 6.03 earnings per share for the current year.

Analysts Set New Price Targets

ALK has been the topic of a number of recent analyst reports. The Goldman Sachs Group increased their price target 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. Susquehanna raised Alaska Air Group from a “neutral” rating to a “positive” rating and set a $95.00 price objective on the stock in a research report on Tuesday, January 7th. Barclays upped their target price on shares of Alaska Air Group from $55.00 to $80.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Melius upgraded Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a research report on Monday, October 28th. Finally, Citigroup boosted their target price on Alaska Air Group from $63.00 to $74.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. One investment analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $74.86.

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.