Lido Advisors LLC Invests $215,000 in Alaska Air Group, Inc. (NYSE:ALK)

Lido Advisors LLC acquired a new position in Alaska Air Group, Inc. (NYSE:ALK) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,317 shares of the transportation company’s stock, valued at approximately $215,000.

A number of other hedge funds have also added to or reduced their stakes in ALK. FMR LLC boosted its stake in shares of Alaska Air Group by 328.7% during the 4th quarter. FMR LLC now owns 4,649,388 shares of the transportation company’s stock worth $301,048,000 after buying an additional 3,564,749 shares during the last quarter. Hennessy Advisors Inc. acquired a new position in Alaska Air Group during the fourth quarter valued at approximately $82,459,000. Adage Capital Partners GP L.L.C. grew its stake in Alaska Air Group by 4,615.3% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 943,064 shares of the transportation company’s stock valued at $61,063,000 after purchasing an additional 923,064 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Alaska Air Group during the 4th quarter worth approximately $24,241,000. Finally, Norges Bank bought a new stake in shares of Alaska Air Group during the 4th quarter worth approximately $19,847,000. Institutional investors own 81.90% of the company’s stock.

Alaska Air Group Stock Performance

ALK opened at $50.06 on Wednesday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.61 and a quick ratio of 0.58. The business has a fifty day simple moving average of $50.35 and a 200 day simple moving average of $57.99. Alaska Air Group, Inc. has a 1 year low of $32.62 and a 1 year high of $78.08. The company has a market capitalization of $6.14 billion, a PE ratio of 16.41, a price-to-earnings-growth ratio of 0.43 and a beta of 1.41.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings results on Wednesday, April 23rd. The transportation company reported ($0.77) EPS for the quarter, missing the consensus estimate of ($0.72) by ($0.05). Alaska Air Group had a net margin of 3.37% and a return on equity of 14.66%. The business had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.19 billion. During the same quarter last year, the company posted ($0.92) earnings per share. The company’s revenue was up 40.5% on a year-over-year basis. Research analysts expect that Alaska Air Group, Inc. will post 6.03 EPS for the current year.

Insider Buying and Selling

In related news, COO Muehlen Constance E. Von sold 22,157 shares of Alaska Air Group stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $75.12, for a total value of $1,664,433.84. Following the transaction, the chief operating officer now directly owns 20,026 shares of the company’s stock, valued at $1,504,353.12. This trade represents a 52.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Andrew R. Harrison sold 6,600 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $76.28, for a total transaction of $503,448.00. Following the transaction, the executive vice president now owns 34,030 shares of the company’s stock, valued at approximately $2,595,808.40. This represents a 16.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 51,650 shares of company stock valued at $3,901,798 over the last 90 days. 1.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

ALK has been the subject of several analyst reports. TD Cowen raised their target price on shares of Alaska Air Group from $54.00 to $62.00 and gave the company a “buy” rating in a research note on Friday, April 25th. Barclays decreased their price objective on shares of Alaska Air Group from $62.00 to $55.00 and set an “overweight” rating for the company in a research report on Friday, April 25th. Bank of America dropped their target price on shares of Alaska Air Group from $80.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, April 3rd. The Goldman Sachs Group lifted their price target on Alaska Air Group from $70.00 to $79.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Finally, UBS Group lowered Alaska Air Group from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $75.00 to $54.00 in a research note on Monday, April 7th. One analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, Alaska Air Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.92.

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.