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. reduced its holdings in Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 84.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,729 shares of the transportation company's stock after selling 87,633 shares during the period. Landscape Capital Management L.L.C.'s holdings in Alaska Air Group were worth $1,018,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of Alaska Air Group by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 13,651,876 shares of the transportation company's stock worth $883,959,000 after purchasing an additional 56,409 shares during the period. Boston Partners lifted its position in Alaska Air Group by 6.9% in the 4th quarter. Boston Partners now owns 3,460,959 shares of the transportation company's stock worth $224,121,000 after buying an additional 222,780 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Alaska Air Group by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,061,596 shares of the transportation company's stock valued at $93,229,000 after buying an additional 78,186 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Alaska Air Group by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,432,052 shares of the transportation company's stock valued at $92,725,000 after acquiring an additional 9,805 shares in the last quarter. Finally, Hennessy Advisors Inc. acquired a new position in shares of Alaska Air Group in the fourth quarter worth $82,459,000. 81.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Alaska Air Group

In related news, EVP Andrew R. Harrison sold 6,600 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $76.28, for a total value of $503,448.00. Following the completion of the transaction, the executive vice president now owns 34,030 shares of the company's stock, valued at $2,595,808.40. This represents a 16.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Andrea L. Schneider sold 1,830 shares of the firm's stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $73.32, for a total transaction of $134,175.60. Following the transaction, the senior vice president now owns 20,286 shares of the company's stock, valued at approximately $1,487,369.52. This represents a 8.27 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 154,725 shares of company stock valued at $11,217,263. 0.68% of the stock is owned by corporate insiders.

Alaska Air Group Stock Performance

NYSE:ALK traded up $1.21 during trading hours on Friday, hitting $45.72. 2,310,031 shares of the company traded hands, compared to its average volume of 2,599,517. 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 stock has a market capitalization of $5.61 billion, a price-to-earnings ratio of 14.99, a P/E/G ratio of 0.43 and a beta of 1.37. The firm has a 50-day moving average of $60.16 and a 200 day moving average of $57.90. Alaska Air Group, Inc. has a twelve month low of $32.62 and a twelve month high of $78.08.

Alaska Air Group (NYSE:ALK - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.97 EPS for the quarter, beating analysts' consensus estimates 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, analysts forecast that Alaska Air Group, Inc. will post 6.03 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ALK. Barclays lowered their target price on Alaska Air Group from $80.00 to $62.00 and set an "overweight" rating on the stock in a research note on Tuesday. JPMorgan Chase & Co. increased their price target on shares of Alaska Air Group from $85.00 to $89.00 and gave the stock an "overweight" rating in a research note on Monday, March 3rd. The Goldman Sachs Group raised their price target 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. Susquehanna decreased their price objective on shares of Alaska Air Group from $95.00 to $55.00 and set a "positive" rating for the company in a report on Monday. Finally, Bank of America cut their target price on Alaska Air Group from $80.00 to $70.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $70.15.

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.