Landscape Capital Management L.L.C. Sells 87,633 Shares of Alaska Air Group, Inc. (NYSE:ALK)

Landscape Capital Management L.L.C. cut its stake in Alaska Air Group, Inc. (NYSE:ALK) by 84.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,729 shares of the transportation company’s stock after selling 87,633 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Alaska Air Group were worth $1,018,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Hennessy Advisors Inc. acquired a new stake in Alaska Air Group during the 4th quarter worth $82,459,000. Wellington Management Group LLP bought a new stake in shares of Alaska Air Group in the third quarter worth about $26,390,000. Raymond James Financial Inc. acquired a new stake in shares of Alaska Air Group during the fourth quarter worth about $24,241,000. Norges Bank bought a new position in shares of Alaska Air Group during the 4th quarter valued at about $19,847,000. Finally, FMR LLC grew its position in shares of Alaska Air Group by 32.4% in the 3rd quarter. FMR LLC now owns 1,084,639 shares of the transportation company’s stock valued at $49,037,000 after purchasing an additional 265,343 shares during the period. 81.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ALK has been the topic of a number of research reports. Morgan Stanley lifted their price target on shares of Alaska Air Group from $70.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. TD Cowen boosted 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. Bank of America lowered their target price on Alaska Air Group from $80.00 to $70.00 and set a “buy” rating for the company in a report on Thursday. UBS Group cut their price target on Alaska Air Group from $87.00 to $75.00 and set a “buy” rating on the stock in a report on Thursday, March 20th. Finally, The Goldman Sachs Group increased their price objective on Alaska Air Group from $70.00 to $79.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. One analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, Alaska Air Group has a consensus rating of “Moderate Buy” and an average target price of $76.23.

Alaska Air Group Price Performance

Shares of ALK opened at $44.39 on Friday. The company has a market cap of $5.45 billion, a price-to-earnings ratio of 14.55, a PEG 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. The company’s fifty day simple moving average is $64.04 and its 200 day simple moving average is $57.80. Alaska Air Group, Inc. has a 1-year low of $32.62 and a 1-year high of $78.08.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings data 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 14.66%. On average, research analysts forecast that Alaska Air Group, Inc. will post 6.03 earnings per share for the current fiscal year.

Insider Activity

In other Alaska Air Group news, EVP Andrew R. Harrison sold 91,745 shares of the firm’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $71.14, for a total transaction of $6,526,739.30. Following the completion of the sale, the executive vice president now owns 20,638 shares of the company’s stock, valued at $1,468,187.32. This trade represents a 81.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Shane R. Tackett sold 22,893 shares of Alaska Air Group stock in a transaction on Monday, February 10th. The stock was sold at an average price of $75.74, for a total transaction of $1,733,915.82. Following the transaction, the chief financial officer now directly owns 31,873 shares of the company’s stock, valued at approximately $2,414,061.02. This trade represents a 41.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 154,725 shares of company stock valued at $11,217,263 over the last three months. Insiders own 0.92% of the company’s stock.

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.