Landscape Capital Management L.L.C. Has $1.02 Million Stock Holdings in Alaska Air Group, Inc. (NYSE:ALK)

Landscape Capital Management L.L.C. decreased its position in shares of Alaska Air Group, Inc. (NYSE:ALK) by 84.8% during the 4th quarter, Holdings Channel reports. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Maryland State Retirement & Pension System raised its stake in Alaska Air Group by 0.3% in the 4th quarter. Maryland State Retirement & Pension System now owns 49,905 shares of the transportation company’s stock worth $3,231,000 after purchasing an additional 147 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of Alaska Air Group by 0.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 29,816 shares of the transportation company’s stock worth $1,931,000 after purchasing an additional 160 shares during the period. Avior Wealth Management LLC raised its position in shares of Alaska Air Group by 44.8% in the fourth quarter. Avior Wealth Management LLC now owns 588 shares of the transportation company’s stock valued at $38,000 after buying an additional 182 shares in the last quarter. Savant Capital LLC raised its position in shares of Alaska Air Group by 3.4% in the fourth quarter. Savant Capital LLC now owns 6,284 shares of the transportation company’s stock valued at $407,000 after buying an additional 206 shares in the last quarter. Finally, Mutual of America Capital Management LLC grew its position in Alaska Air Group by 1.3% during the fourth quarter. Mutual of America Capital Management LLC now owns 19,229 shares of the transportation company’s stock worth $1,245,000 after buying an additional 254 shares in the last quarter. Institutional investors and hedge funds own 81.90% of the company’s stock.

Insider Buying and Selling at Alaska Air Group

In other Alaska Air Group news, EVP Andrew R. Harrison sold 91,745 shares of the company’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $71.14, for a total value of $6,526,739.30. Following the sale, the executive vice president now owns 20,638 shares in the company, valued at approximately $1,468,187.32. The trade was a 81.64 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Joseph A. Sprague sold 9,500 shares of the stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $68.90, for a total value of $654,550.00. Following the completion of the sale, the chief executive officer now directly owns 9,840 shares of the company’s stock, valued at approximately $677,976. The trade was a 49.12 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 154,725 shares of company stock worth $11,217,263. 0.92% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. UBS Group dropped their price objective on Alaska Air Group from $87.00 to $75.00 and set a “buy” rating for the company in a report on Thursday, March 20th. TD Cowen boosted their price target on Alaska Air Group from $85.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, January 24th. The Goldman Sachs Group increased their price objective on shares of Alaska Air Group from $70.00 to $79.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. JPMorgan Chase & Co. boosted their target price on shares of Alaska Air Group from $85.00 to $89.00 and gave the company an “overweight” rating in a research report on Monday, March 3rd. Finally, Bank of America reduced their price target on shares of Alaska Air Group from $80.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday. One research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $76.23.

Alaska Air Group Trading Down 3.4 %

Shares of ALK stock opened at $44.39 on Friday. Alaska Air Group, Inc. has a twelve month low of $32.62 and a twelve month high of $78.08. The stock’s fifty day simple moving average is $64.04 and its 200 day simple moving average is $57.80. The company has a quick ratio of 0.58, a current ratio of 0.61 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $5.45 billion, a P/E ratio of 14.55, a P/E/G ratio of 0.43 and a beta of 1.37.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings results 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 return on equity of 14.66% and a net margin of 3.37%. As a group, sell-side analysts predict that Alaska Air Group, Inc. will post 6.03 EPS for the current fiscal year.

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.