Privium Fund Management UK Ltd Purchases New Holdings in Alaska Air Group, Inc. (NYSE:ALK)

Privium Fund Management UK Ltd acquired a new stake in Alaska Air Group, Inc. (NYSE:ALK - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 17,080 shares of the transportation company's stock, valued at approximately $1,105,000. Alaska Air Group accounts for about 0.9% of Privium Fund Management UK Ltd's holdings, making the stock its 7th biggest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in ALK. Victory Capital Management Inc. raised its position in Alaska Air Group by 11.2% during the 3rd quarter. Victory Capital Management Inc. now owns 28,316 shares of the transportation company's stock worth $1,280,000 after purchasing an additional 2,858 shares during the last quarter. Natixis Advisors LLC lifted its stake in shares of Alaska Air Group by 54.2% in the third quarter. Natixis Advisors LLC now owns 19,147 shares of the transportation company's stock worth $866,000 after acquiring an additional 6,734 shares during the period. Quest Partners LLC boosted its holdings in Alaska Air Group by 1,531,200.0% in the third quarter. Quest Partners LLC now owns 15,313 shares of the transportation company's stock valued at $692,000 after acquiring an additional 15,312 shares during the last quarter. Prospera Financial Services Inc increased its position in Alaska Air Group by 9.8% during the 3rd quarter. Prospera Financial Services Inc now owns 7,763 shares of the transportation company's stock valued at $351,000 after purchasing an additional 695 shares during the period. Finally, Landscape Capital Management L.L.C. bought a new position in Alaska Air Group during the 3rd quarter worth approximately $4,673,000. Institutional investors and hedge funds own 81.90% of the company's stock.

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Alaska Air Group Stock Down 0.2 %

Shares of ALK traded down $0.10 during trading hours on Friday, reaching $52.75. The stock had a trading volume of 25,756,306 shares, compared to its average volume of 2,447,779. The firm has a 50-day simple moving average of $67.46 and a 200 day simple moving average of $57.03. Alaska Air Group, Inc. has a 12 month low of $32.62 and a 12 month high of $78.08. 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 has a market capitalization of $6.47 billion, a price-to-earnings ratio of 17.30, a P/E/G ratio of 0.43 and a beta of 1.50.

Alaska Air Group (NYSE:ALK - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.97 earnings per share 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%. Equities research analysts predict that Alaska Air Group, Inc. will post 6.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Andrea L. Schneider sold 1,830 shares of Alaska Air Group stock in a transaction that occurred on 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 $1,487,369.52. The trade was a 8.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Andrew R. Harrison sold 6,600 shares of the stock in a transaction on 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 sale, the executive vice president now directly owns 34,030 shares of the company's stock, valued at $2,595,808.40. The trade was a 16.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 154,725 shares of company stock valued at $11,217,263. Corporate insiders own 0.68% of the company's stock.

Wall Street Analysts Forecast Growth

ALK has been the topic of a number of analyst reports. Susquehanna raised shares of Alaska Air Group from a "neutral" rating to a "positive" rating and set a $95.00 price objective on the stock in a research note on Tuesday, January 7th. UBS Group cut their price target on shares of Alaska Air Group from $87.00 to $75.00 and set a "buy" rating on the stock in a research report on Thursday. Morgan Stanley lifted their price objective on Alaska Air Group from $70.00 to $90.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 11th. The Goldman Sachs Group boosted their price objective on Alaska Air Group from $70.00 to $79.00 and gave the company a "buy" rating in a research note on Tuesday, January 14th. Finally, JPMorgan Chase & Co. raised their target price on Alaska Air Group from $85.00 to $89.00 and gave the stock an "overweight" rating in a research note on Monday, March 3rd. One research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $77.00.

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.