Alaska Air Group, Inc. (NYSE:ALK) Shares Sold by Pathstone Holdings LLC

Pathstone Holdings LLC cut its stake in shares of Alaska Air Group, Inc. (NYSE:ALK) by 37.4% in the third quarter, Holdings Channel.com reports. The fund owned 29,019 shares of the transportation company’s stock after selling 17,320 shares during the period. Pathstone Holdings LLC’s holdings in Alaska Air Group were worth $1,312,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Raymond James & Associates increased its holdings in Alaska Air Group by 13.5% in the 2nd quarter. Raymond James & Associates now owns 283,581 shares of the transportation company’s stock valued at $11,457,000 after purchasing an additional 33,717 shares during the last quarter. Entropy Technologies LP grew its stake in shares of Alaska Air Group by 358.9% in the third quarter. Entropy Technologies LP now owns 27,428 shares of the transportation company’s stock valued at $1,240,000 after buying an additional 21,451 shares in the last quarter. Boston Partners raised its holdings in shares of Alaska Air Group by 4.1% in the 1st quarter. Boston Partners now owns 3,966,594 shares of the transportation company’s stock valued at $170,533,000 after buying an additional 155,403 shares during the period. Comerica Bank lifted its stake in Alaska Air Group by 88.0% during the 1st quarter. Comerica Bank now owns 174,178 shares of the transportation company’s stock worth $7,488,000 after acquiring an additional 81,533 shares in the last quarter. Finally, Cetera Investment Advisers boosted its holdings in Alaska Air Group by 211.7% during the 1st quarter. Cetera Investment Advisers now owns 47,770 shares of the transportation company’s stock valued at $2,054,000 after acquiring an additional 32,442 shares during the period. 81.90% of the stock is owned by hedge funds and other institutional investors.

Alaska Air Group Trading Down 0.5 %

Shares of Alaska Air Group stock opened at $52.68 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 0.93. The company has a fifty day simple moving average of $47.18 and a 200-day simple moving average of $41.88. The stock has a market cap of $6.69 billion, a price-to-earnings ratio of 21.24, a PEG ratio of 1.21 and a beta of 1.59. Alaska Air Group, Inc. has a 12-month low of $32.00 and a 12-month high of $54.14.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings data on Thursday, October 31st. The transportation company reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.03. Alaska Air Group had a net margin of 2.99% and a return on equity of 12.81%. The company had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3 billion. During the same quarter in the prior year, the firm posted $1.83 earnings per share. Alaska Air Group’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, equities analysts forecast that Alaska Air Group, Inc. will post 4.26 EPS for the current fiscal year.

Analysts Set New Price Targets

ALK has been the topic of several research reports. The Goldman Sachs Group reissued a “buy” rating and set a $70.00 price target on shares of Alaska Air Group in a research report on Friday, November 15th. UBS Group reissued a “buy” rating and issued a $72.00 price target on shares of Alaska Air Group in a research report on Tuesday. Susquehanna upped their price objective on Alaska Air Group from $40.00 to $45.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Melius Research upgraded Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a report on Monday, October 28th. Finally, Melius upgraded Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a report on Monday, October 28th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.69.

Alaska Air Group Company 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.