Cobalt Capital Exits Alaska Air Group Stake, According to Recent SEC Filing

Cobalt Capital Management sold all 260,000 shares of Alaska Air Group, an estimated $12.53 million transaction based on average closing prices in the quarter. The move is relevant to ownership and positioning rather than operating fundamentals, and on its own is unlikely to materially affect the stock.

Analysis

Cobalt Capital Management sold all 260,000 shares of Alaska Air Group, an estimated $12.53 million transaction based on average closing prices in the quarter. The move is relevant to ownership and positioning rather than operating fundamentals, and on its own is unlikely to materially affect the stock.