Privium Fund Management UK Ltd Takes Position in Alaska Air Group, Inc. (NYSE:ALK)

Privium Fund Management UK Ltd acquired a new position in Alaska Air Group, Inc. (NYSE:ALK) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 17,080 shares of the transportation company’s stock, valued at approximately $1,105,000. Alaska Air Group makes up about 0.9% of Privium Fund Management UK Ltd’s holdings, making the stock its 7th largest holding.

A number of other hedge funds also recently bought and sold shares of the stock. Avior Wealth Management LLC grew its position in shares of 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 during the last quarter. Pacific Center for Financial Services purchased a new position in Alaska Air Group in the third quarter worth $45,000. True Wealth Design LLC purchased a new position in Alaska Air Group in the third quarter worth $52,000. SBI Securities Co. Ltd. acquired a new position in shares of Alaska Air Group during the fourth quarter worth $52,000. Finally, Quarry LP lifted its holdings in shares of Alaska Air Group by 259.3% during the 3rd quarter. Quarry LP now owns 1,175 shares of the transportation company’s stock valued at $53,000 after purchasing an additional 848 shares during the last quarter. Hedge funds and other institutional investors own 81.90% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Morgan Stanley boosted their target price on Alaska Air Group from $70.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Citigroup cut their price objective on shares of Alaska Air Group from $83.00 to $81.00 and set a “buy” rating on the stock in a report on Tuesday. TD Cowen increased their price objective on shares of Alaska Air Group from $85.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, January 24th. The Goldman Sachs Group boosted their price objective on shares of Alaska Air Group from $70.00 to $79.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. increased their price objective on Alaska Air Group from $85.00 to $89.00 and gave the company an “overweight” rating in a report on Monday, March 3rd. One equities research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $77.54.

Insider Buying and Selling

In other news, EVP Andrew R. Harrison sold 6,600 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $76.28, for a total transaction of $503,448.00. Following the completion of the transaction, the executive vice president now directly owns 34,030 shares of the company’s stock, valued at $2,595,808.40. This represents a 16.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Andrea L. Schneider sold 800 shares of Alaska Air Group stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $63.89, for a total transaction of $51,112.00. Following the completion of the sale, the senior vice president now directly owns 20,286 shares in the company, valued at $1,296,072.54. This represents a 3.79 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 155,525 shares of company stock valued at $11,268,375. 0.68% of the stock is owned by company insiders.

Alaska Air Group Trading Down 5.2 %

Alaska Air Group stock opened at $52.27 on Wednesday. The company has a current ratio of 0.61, a quick ratio of 0.58 and a debt-to-equity ratio of 1.04. The firm has a market cap of $6.43 billion, a PE ratio of 17.14, a P/E/G ratio of 0.43 and a beta of 1.50. The stock’s 50 day simple moving average is $68.28 and its two-hundred day simple moving average is $56.82. Alaska Air Group, Inc. has a 12 month low of $32.62 and a 12 month high of $78.08.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings results on Wednesday, January 22nd. The transportation company reported $0.97 EPS for the quarter, beating 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 14.66%. Analysts anticipate that Alaska Air Group, Inc. will post 6.03 earnings per share for the current year.

About Alaska Air Group

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.