Alaska Air Group, Inc. (NYSE:ALK) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC grew its stake in Alaska Air Group, Inc. (NYSE:ALK – Get Rating) by 121.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 17,064 shares of the transportation company’s stock after purchasing an additional 9,354 shares during the period. SG Americas Securities LLC’s holdings in Alaska Air Group were worth $668,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Clearbridge Investments LLC purchased a new position in Alaska Air Group during the 1st quarter worth $62,390,000. AQR Capital Management LLC raised its position in Alaska Air Group by 110.5% during the 2nd quarter. AQR Capital Management LLC now owns 1,560,880 shares of the transportation company’s stock worth $60,453,000 after buying an additional 819,223 shares during the last quarter. 1832 Asset Management L.P. purchased a new position in Alaska Air Group during the 1st quarter worth $25,374,000. Castle Hook Partners LP increased its holdings in shares of Alaska Air Group by 135.7% in the 1st quarter. Castle Hook Partners LP now owns 670,859 shares of the transportation company’s stock valued at $38,917,000 after purchasing an additional 386,284 shares in the last quarter. Finally, Prudential Financial Inc. increased its holdings in shares of Alaska Air Group by 327.8% in the 2nd quarter. Prudential Financial Inc. now owns 465,380 shares of the transportation company’s stock valued at $18,821,000 after purchasing an additional 356,593 shares in the last quarter. Institutional investors and hedge funds own 77.04% of the company’s stock.

Alaska Air Group Stock Up 0.9 %

Shares of NYSE ALK opened at $49.82 on Friday. Alaska Air Group, Inc. has a 12-month low of $38.19 and a 12-month high of $61.55. The company has a market cap of $6.32 billion, a P/E ratio of 124.55 and a beta of 1.43. The company has a current ratio of 0.81, a quick ratio of 0.79 and a debt-to-equity ratio of 0.49. The stock has a fifty day moving average price of $45.69 and a 200 day moving average price of $44.37.

Alaska Air Group (NYSE:ALK – Get Rating) last announced its quarterly earnings results on Thursday, October 20th. The transportation company reported $2.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.41 by $0.12. Alaska Air Group had a return on equity of 12.45% and a net margin of 0.60%. The firm had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same period in the prior year, the firm earned $1.47 EPS. The firm’s quarterly revenue was up 44.8% compared to the same quarter last year. Research analysts anticipate that Alaska Air Group, Inc. will post 4.3 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ALK. StockNews.com downgraded shares of Alaska Air Group from a “buy” rating to a “hold” rating in a report on Friday, January 6th. Cowen cut their price objective on Alaska Air Group from $85.00 to $65.00 and set an “outperform” rating for the company in a research report on Friday, October 21st. Raymond James lifted their price objective on Alaska Air Group from $58.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, January 5th. Cowen cut their price objective on Alaska Air Group from $85.00 to $65.00 and set an “outperform” rating for the company in a research report on Friday, October 21st. Finally, Barclays lifted their price objective on Alaska Air Group from $45.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 11th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, Alaska Air Group presently has an average rating of “Moderate Buy” and a consensus price target of $63.75.

About Alaska Air Group

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Alaska Air Group, Inc, through its subsidiaries, provides passenger and cargo air transportation services. The company operates through three segments: Mainline, Regional, and Horizon. It flies to approximately 120 destinations throughout North America. Alaska Air Group, Inc was founded in 1932 and is based in Seattle, Washington.