57,180 Alaska Air Group, Inc. $ALK Shares Purchased by Privium Fund Management UK Ltd

Privium Fund Management UK Ltd grew its stake in shares of Alaska Air Group, Inc. (NYSE:ALK) by 10.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 580,865 shares of the transportation company’s stock after buying an additional 57,180 shares during the period. Alaska Air Group accounts for 11.6% of Privium Fund Management UK Ltd’s portfolio, making the stock its 3rd biggest holding. Privium Fund Management UK Ltd’s holdings in Alaska Air Group were worth $23,194,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Vise Technologies Inc. bought a new stake in Alaska Air Group during the 3rd quarter worth approximately $320,000. International Assets Investment Management LLC boosted its position in shares of Alaska Air Group by 87.2% in the third quarter. International Assets Investment Management LLC now owns 40,556 shares of the transportation company’s stock worth $1,570,000 after purchasing an additional 18,886 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Alaska Air Group in the third quarter worth approximately $766,000. Parcion Private Wealth LLC increased its stake in shares of Alaska Air Group by 16.2% in the third quarter. Parcion Private Wealth LLC now owns 6,418 shares of the transportation company’s stock worth $248,000 after purchasing an additional 896 shares in the last quarter. Finally, Pinnacle Wealth Planning Services Inc. increased its stake in shares of Alaska Air Group by 82.9% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 4,250 shares of the transportation company’s stock worth $164,000 after purchasing an additional 1,926 shares in the last quarter. 81.90% of the stock is currently owned by institutional investors.

Alaska Air Group Stock Performance

Alaska Air Group stock opened at $39.97 on Thursday. Alaska Air Group, Inc. has a twelve month low of $32.33 and a twelve month high of $60.63. The company has a quick ratio of 0.42, a current ratio of 0.46 and a debt-to-equity ratio of 1.49. The company’s 50-day moving average price is $38.92 and its 200-day moving average price is $43.97. The company has a market cap of $4.45 billion, a PE ratio of -11.39 and a beta of 1.43.

Alaska Air Group (NYSE:ALK) last posted its quarterly earnings data on Tuesday, October 20th. The transportation company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.03). The company had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.31 billion. Alaska Air Group had a negative net margin of 2.58% and a negative return on equity of 5.42%. Alaska Air Group’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.05 earnings per share. On average, equities research analysts forecast that Alaska Air Group, Inc. will post -4.19 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on ALK shares. Cantor Fitzgerald set a $41.00 price objective on shares of Alaska Air Group in a research report on Thursday, October 29th. JPMorgan Chase & Co. dropped their target price on shares of Alaska Air Group from $92.00 to $74.00 and set an “overweight” rating for the company in a report on Thursday, October 22nd. Barclays set a $52.00 price target on Alaska Air Group and gave the stock an “overweight” rating in a research note on Friday, September 11th. TD Cowen reissued a “buy” rating and set a $41.00 price target (down from $44.00) on shares of Alaska Air Group in a report on Thursday, October 29th. Finally, Raymond James Financial reissued an “outperform” rating on shares of Alaska Air Group in a report on Friday, September 25th. Ten equities research analysts have rated the stock with a Buy rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $52.38.

Insider Transactions at Alaska Air Group

In other Alaska Air Group news, CEO Benito Minicucci bought 25,000 shares of the company’s stock in a transaction on Thursday, August 20th. The stock was acquired at an average price of $40.06 per share, for a total transaction of $1,001,500.00. Following the completion of the transaction, the chief executive officer directly owned 256,582 shares of the company’s stock, valued at approximately $10,278,674.92. This represents a 10.80% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is currently owned by insiders.

Alaska Air Group Company Profile

Alaska Air Group, Inc is an airline holding company headquartered in Seattle, Washington. Its principal subsidiaries include Alaska Airlines and Hawaiian Airlines, which operate under separate brands while serving passengers throughout North America, the Pacific and other international markets.

Alaska Airlines provides scheduled passenger and air cargo services across the United States, Canada, Mexico, Costa Rica and the Bahamas, with a strong presence on the U.S. West Coast and in Alaska.