Alaska

Alaska Air Group, Inc. (NYSE:ALK) Position Raised by LSV Asset Management

LSV Asset Management increased its position in shares of Alaska Air Group, Inc. (NYSE:ALK – Get Rating) by 19.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 718,355 shares of the transportation company after purchasing an additional 118,355 shares during the period. LSV Asset Management owned 0.57% of Alaska Air Group worth $28,124,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Private Advisor Group LLC increased its stake in Alaska Air Group stock by 78.2% during the first quarter. Private Advisor Group LLC now owns 9,980 shares of the transportation company’s stock valued at $579,000 after purchasing an additional 4,379 shares last quarter. MetLife Investment Management LLC increased its stake in Alaska Air Group stock by 23.6% in the first quarter. MetLife Investment Management LLC now owns 34,204 shares of the transportation company’s stock valued at $1,984,000 after purchasing an additional 6,520 shares last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Alaska Air Group stock by 7.1% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,847 shares of the transportation company, valued at $977,000, after purchasing an additional 1,119 shares last quarter. APG Asset Management NV bought a new position in Alaska Air Group stock valued at $980,000 during the first quarter. Finally, Great West Life Assurance Co. Can increased its stake in Alaska Air Group stock by 3.4% during the first quarter. Great West Life Assurance Co. Can now owns 17,972 shares of the transportation company’s stock valued at $1,077,000 after purchasing an additional 592 shares last quarter. Institutional investors own 77.04% of the company’s shares.

Alaska Air Group trade up 1.0%

Alaska Air Group shares opened at $51.84 on Thursday. The company has a gearing ratio of 0.49, a current ratio of 0.67 and a quick ratio of 0.65. The company has a market cap of $6.58 billion, a price-to-earnings ratio of 120.56, a PEG ratio of 0.43 and a beta of 1.43. Alaska Air Group, Inc. has a yearly low of $38.19 and a yearly high of $61.55. The company’s 50-day moving average price is $46.43 and its 200-day moving average price is $44.92.

Alaska Air Group (NYSE:ALK – Get Rating) last released its quarterly earnings results on Thursday, January 26th. The transportation company reported earnings per share (EPS) of $0.92 for the quarter, beating the consensus estimate of $0.90 by $0.02. The company had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.51 billion. Alaska Air Group had a return on equity of 14.75% and a net margin of 0.60%. The company’s revenue increased 30.5% compared to the prior-year quarter. In the same period last year, the company reported earnings per share of $0.24. On average, analysts are forecasting that the Alaska Air Group, Inc. will report earnings per share of 5.95 for the current fiscal year.

insider activity

In addition, SVP Andrea L. Schneider sold 1,596 shares of the company’s shares in a transaction on Friday, January 27th. The stock sold at an average price of $50.81 for a total value of $81,092.76. Following the sale, the senior vice president now directly owns 15,747 shares of the company, valued at $800,105.07. The sale was disclosed in a document filed with the SEC, which is available on the SEC’s website. 0.40% of the shares are currently owned by company insiders.

Changes in analyst ratings

A number of research analysts have issued reports on ALK stocks. Wolfe Research lowered the Alaska Air Group rating from an outperform rating to a peer perform rating in a report on Friday, January 27th. Barclays raised its target price on Alaska Air Group shares to $54.00 from $50.00 and rated the stock as “equal weight” in a research report on Friday, January 27. Cowen lowered his target price on shares of Alaska Air Group to $65.00 from $85.00 and gave the stock a “Outperform” rating in a research report on Friday, October. Citigroup raised its target price on shares of Alaska Air Group to $58.50 from $57.50 and gave the stock a “buy” rating in a research report on Tuesday. Finally, on Friday, December 16, Goldman Sachs Group began reporting shares of Alaska Air Group in a research report. They put a “buy” rating on the stock and a price target of $60.00. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, Alaska Air Group currently has a consensus rating of “Moderate Buy” and an average target price of $63.79.

About Alaska Air Group

(received rating)

Alaska Air Group, Inc is a holding company engaged in the provision of air transportation services. It operates through the following segments: Mainline, Regional and Horizon. The mainline segment includes Alaska’s Boeing or Airbus jet aircraft for passengers and cargo in the United States and parts of Canada, Mexico and Costa Rica.

Further reading

Want to see what other hedge funds are holding ALK? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Alaska Air Group, Inc. (NYSE:ALK – Get Rating).

Institutional ownership by quarter for Alaska Air Group (NYSE:ALK)

This instant news alert was generated by MarketBeat’s narrative science technology and financial data to provide readers with the fastest, most accurate reporting. This story was reviewed by the MarketBeat editorial team before publication. Please send questions or comments about this story to [email protected].

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