Lido Advisors LLC Invests $215,000 in Alaska Air Group, Inc. (NYSE:ALK)

Lido Advisors LLC purchased a new stake in shares of Alaska Air Group, Inc. (NYSE:ALK) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 3,317 shares of the transportation company’s stock, valued at approximately $215,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Avior Wealth Management LLC boosted its position in 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. SBI Securities Co. Ltd. acquired a new stake in shares of Alaska Air Group during the 4th quarter valued at $52,000. Wilmington Savings Fund Society FSB bought a new stake in Alaska Air Group during the 3rd quarter worth $59,000. EverSource Wealth Advisors LLC increased its holdings in Alaska Air Group by 61.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 955 shares of the transportation company’s stock worth $62,000 after purchasing an additional 364 shares in the last quarter. Finally, Millstone Evans Group LLC bought a new position in Alaska Air Group in the fourth quarter valued at about $76,000. 81.90% of the stock is currently owned by institutional investors and hedge funds.

Alaska Air Group Stock Performance

Shares of Alaska Air Group stock opened at $50.06 on Wednesday. The business has a 50-day simple moving average of $50.35 and a 200 day simple moving average of $57.99. Alaska Air Group, Inc. has a one year low of $32.62 and a one year high of $78.08. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.61 and a quick ratio of 0.58. The firm has a market capitalization of $6.14 billion, a price-to-earnings ratio of 16.41, a PEG ratio of 0.43 and a beta of 1.41.

Alaska Air Group (NYSE:ALK) last issued its earnings results on Wednesday, April 23rd. The transportation company reported ($0.77) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.72) by ($0.05). Alaska Air Group had a return on equity of 14.66% and a net margin of 3.37%. The firm had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.19 billion. During the same period in the previous year, the company earned ($0.92) earnings per share. Alaska Air Group’s revenue for the quarter was up 40.5% compared to the same quarter last year. On average, research analysts anticipate that Alaska Air Group, Inc. will post 6.03 earnings per share for the current fiscal year.

Insider Buying and Selling at Alaska Air Group

In other news, CFO Shane R. Tackett sold 22,893 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $75.74, for a total value of $1,733,915.82. Following the completion of the sale, the chief financial officer now directly owns 31,873 shares of the company’s stock, valued at $2,414,061.02. This represents a 41.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Andrew R. Harrison sold 6,600 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 34,030 shares in the company, valued at $2,595,808.40. This represents a 16.24 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 51,650 shares of company stock valued at $3,901,798. Corporate insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

ALK has been the topic of several research reports. TD Cowen boosted their price target on Alaska Air Group from $54.00 to $62.00 and gave the stock a “buy” rating in a report on Friday, April 25th. JPMorgan Chase & Co. upped their price target 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. Citigroup cut their target price on Alaska Air Group from $83.00 to $81.00 and set a “buy” rating on the stock in a report on Tuesday, March 18th. 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 report on Tuesday, January 14th. Finally, Susquehanna decreased their price target on Alaska Air Group from $95.00 to $55.00 and set a “positive” rating for the company in a report on Monday, April 7th. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Alaska Air Group currently has a consensus rating of “Moderate Buy” and an average target price of $65.92.

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.