Alaska Air Group, Inc. (NYSE:ALK) Shares Sold by Raymond James Financial Services Advisors Inc. (2024)

Raymond James Financial Services Advisors Inc. lowered its stake in Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 22.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 220,487 shares of the transportation company's stock after selling 63,322 shares during the quarter. Raymond James Financial Services Advisors Inc. owned about 0.17% of Alaska Air Group worth $8,614,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. O Shaughnessy Asset Management LLC boosted its stake in Alaska Air Group by 4.4% in the 2nd quarter. O Shaughnessy Asset Management LLC now owns 5,289 shares of the transportation company's stock worth $281,000 after purchasing an additional 221 shares during the period. McIlrath & Eck LLC boosted its position in shares of Alaska Air Group by 12.2% during the fourth quarter. McIlrath & Eck LLC now owns 2,149 shares of the transportation company's stock worth $92,000 after buying an additional 234 shares during the period. Geneos Wealth Management Inc. grew its holdings in shares of Alaska Air Group by 19.9% during the first quarter. Geneos Wealth Management Inc. now owns 1,811 shares of the transportation company's stock worth $105,000 after buying an additional 300 shares in the last quarter. Verdence Capital Advisors LLC raised its position in Alaska Air Group by 4.5% in the 3rd quarter. Verdence Capital Advisors LLC now owns 7,663 shares of the transportation company's stock valued at $284,000 after buying an additional 327 shares during the last quarter. Finally, Captrust Financial Advisors raised its position in Alaska Air Group by 5.6% in the 4th quarter. Captrust Financial Advisors now owns 6,552 shares of the transportation company's stock valued at $281,000 after buying an additional 348 shares during the last quarter. Institutional investors and hedge funds own 81.90% of the company's stock.

Alaska Air Group Stock Performance

ALK stock traded down $1.20 during midday trading on Tuesday, reaching $41.87. 922,684 shares of the company were exchanged, compared to its average volume of 2,447,725. Alaska Air Group, Inc. has a one year low of $30.75 and a one year high of $57.18. The firm has a market capitalization of $5.28 billion, a price-to-earnings ratio of 23.27, a price-to-earnings-growth ratio of 0.83 and a beta of 1.63. The business has a 50-day moving average price of $37.97 and a two-hundred day moving average price of $36.76. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.61 and a quick ratio of 0.58.

Alaska Air Group (NYSE:ALK - Get Free Report) last announced its earnings results on Thursday, January 25th. The transportation company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.18 by $0.12. The business had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.53 billion. Alaska Air Group had a net margin of 2.25% and a return on equity of 14.72%. Alaska Air Group's revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.92 EPS. Equities research analysts forecast that Alaska Air Group, Inc. will post 4.62 EPS for the current year.

Wall Street Analysts Forecast Growth

ALK has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft upgraded shares of Alaska Air Group from a "hold" rating to a "buy" rating and lifted their price objective for the company from $44.00 to $51.00 in a report on Tuesday, February 20th. Raymond James downgraded Alaska Air Group from a "strong-buy" rating to a "market perform" rating in a research report on Monday, December 4th. TD Cowen decreased their price target on Alaska Air Group from $45.00 to $40.00 and set an "outperform" rating for the company in a research note on Friday, January 26th. Melius cut Alaska Air Group from a "buy" rating to a "hold" rating in a research note on Monday, January 8th. Finally, Susquehanna cut shares of Alaska Air Group from a "positive" rating to a "neutral" rating and raised their target price for the company from $39.00 to $40.00 in a research note on Wednesday, January 10th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, Alaska Air Group presently has a consensus rating of "Moderate Buy" and an average target price of $55.93.

Check Out Our Latest Research Report on Alaska Air Group

Insider Activity

In other news, EVP Andrew R. Harrison sold 6,500 shares of the business's stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $38.36, for a total value of $249,340.00. Following the completion of the sale, the executive vice president now owns 26,048 shares of the company's stock, valued at $999,201.28. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.40% of the stock is owned by company insiders.

Alaska Air Group 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.

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