Tidal Investments LLC Sells 559 Shares of Alaska Air Group, Inc. (NYSE:ALK)

Tidal Investments LLC lessened its holdings in Alaska Air Group, Inc. (NYSE:ALK) by 1.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 57,063 shares of the transportation company’s stock after selling 559 shares during the period. Tidal Investments LLC’s holdings in Alaska Air Group were worth $2,580,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of ALK. Wilmington Savings Fund Society FSB acquired a new stake in shares of Alaska Air Group in the third quarter worth about $59,000. Geode Capital Management LLC raised its stake in shares of Alaska Air Group by 3.9% in 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 acquiring an additional 78,186 shares in the last quarter. Barclays PLC lifted its holdings in Alaska Air Group by 1.8% in the 3rd quarter. Barclays PLC now owns 1,058,564 shares of the transportation company’s stock worth $47,857,000 after purchasing an additional 18,233 shares during the last quarter. Pacific Center for Financial Services bought a new stake in Alaska Air Group during the third quarter worth approximately $45,000. Finally, XTX Topco Ltd grew its holdings in Alaska Air Group by 39.7% during the third quarter. XTX Topco Ltd now owns 16,907 shares of the transportation company’s stock valued at $764,000 after purchasing an additional 4,807 shares during the last quarter. 81.90% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Alaska Air Group

In other news, EVP Andrew R. Harrison sold 13,880 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $64.01, for a total transaction of $888,458.80. Following the completion of the sale, the executive vice president now owns 20,638 shares of the company’s stock, valued at approximately $1,321,038.38. This trade represents a 40.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Andrea L. Schneider sold 3,700 shares of Alaska Air Group stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $63.50, for a total transaction of $234,950.00. Following the completion of the transaction, the senior vice president now owns 21,086 shares of the company’s stock, valued at $1,338,961. This trade represents a 14.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,580 shares of company stock worth $1,693,569 over the last three months. Company insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Alaska Air Group from $58.00 to $85.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. UBS Group reissued a “buy” rating and set a $72.00 target price on shares of Alaska Air Group in a research report on Tuesday, November 26th. Citigroup lowered their price target on Alaska Air Group from $51.00 to $48.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Barclays boosted their price objective on Alaska Air Group from $55.00 to $80.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Finally, Melius Research upgraded Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research note on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Alaska Air Group presently has a consensus rating of “Moderate Buy” and an average target price of $64.00.

Alaska Air Group Stock Performance

ALK opened at $62.57 on Monday. The stock’s 50 day simple moving average is $50.51 and its 200-day simple moving average is $43.03. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 0.93. The stock has a market cap of $7.94 billion, a PE ratio of 25.23, a P/E/G ratio of 1.24 and a beta of 1.60. Alaska Air Group, Inc. has a 1 year low of $32.62 and a 1 year high of $65.62.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings results on Thursday, October 31st. The transportation company reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.03. Alaska Air Group had a net margin of 2.99% and a return on equity of 12.81%. The firm had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3 billion. During the same quarter in the previous year, the firm posted $1.83 EPS. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. Sell-side analysts forecast that Alaska Air Group, Inc. will post 4.3 EPS for the current year.

Alaska Air Group Company 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.