Wealth Enhancement Advisory Services LLC Grows Holdings in Alaska Air Group, Inc. (NYSE:ALK)

Wealth Enhancement Advisory Services LLC grew its stake in Alaska Air Group, Inc. (NYSE:ALK) by 165.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,444 shares of the transportation company’s stock after purchasing an additional 12,126 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Alaska Air Group were worth $879,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Altshuler Shaham Ltd acquired a new position in Alaska Air Group during the second quarter worth about $28,000. Pacifica Partners Inc. increased its stake in Alaska Air Group by 952.4% during the 3rd quarter. Pacifica Partners Inc. now owns 1,105 shares of the transportation company’s stock worth $50,000 after buying an additional 1,000 shares during the period. Canada Pension Plan Investment Board acquired a new position in Alaska Air Group during the 2nd quarter worth approximately $69,000. Halpern Financial Inc. acquired a new position in Alaska Air Group during the 2nd quarter worth approximately $81,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Alaska Air Group by 31.7% in the 2nd quarter. GAMMA Investing LLC now owns 2,602 shares of the transportation company’s stock valued at $105,000 after buying an additional 626 shares in the last quarter. Institutional investors and hedge funds own 81.90% of the company’s stock.

Alaska Air Group Stock Up 2.9 %

Shares of NYSE ALK opened at $48.58 on Wednesday. The stock has a market cap of $6.13 billion, a PE ratio of 19.61, a PEG ratio of 0.75 and a beta of 1.59. The business has a fifty day moving average of $42.43 and a two-hundred day moving average of $40.86. Alaska Air Group, Inc. has a 52-week low of $32.00 and a 52-week high of $50.16. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.57 and a current ratio of 0.60.

Alaska Air Group (NYSE:ALK) last announced its earnings results on Thursday, October 31st. The transportation company reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.22 by $0.03. The company had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3 billion. Alaska Air Group had a return on equity of 12.81% and a net margin of 2.99%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the company posted $1.83 earnings per share. As a group, equities research analysts expect that Alaska Air Group, Inc. will post 4.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on ALK shares. Citigroup decreased their price target on shares of Alaska Air Group from $51.00 to $48.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Susquehanna increased their price target on shares of Alaska Air Group from $40.00 to $45.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Bank of America increased their price objective on shares of Alaska Air Group from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, September 13th. TD Cowen decreased their price target on shares of Alaska Air Group from $52.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. Finally, Morgan Stanley lowered their target price on shares of Alaska Air Group from $75.00 to $70.00 and set an “overweight” rating for the company in a report on Monday, July 22nd. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $54.17.

Alaska Air Group 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.