Alaska Air Group, Inc. (NYSE:ALK) Shares Bought by Coastwise Capital Group LLC

Coastwise Capital Group LLC grew its holdings in shares of Alaska Air Group, Inc. (NYSE:ALK) by 6.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,354 shares of the transportation company’s stock after purchasing an additional 304 shares during the period. Coastwise Capital Group LLC’s holdings in Alaska Air Group were worth $242,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Raymond James & Associates increased its stake in Alaska Air Group by 13.5% during the 2nd quarter. Raymond James & Associates now owns 283,581 shares of the transportation company’s stock valued at $11,457,000 after buying an additional 33,717 shares during the period. Entropy Technologies LP boosted its stake in Alaska Air Group by 358.9% during the 3rd quarter. Entropy Technologies LP now owns 27,428 shares of the transportation company’s stock valued at $1,240,000 after purchasing an additional 21,451 shares in the last quarter. Cetera Investment Advisers boosted its stake 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 purchasing an additional 32,442 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Alaska Air Group by 45.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,422,247 shares of the transportation company’s stock valued at $64,300,000 after purchasing an additional 442,331 shares during the period. Finally, Quantbot Technologies LP raised its stake in shares of Alaska Air Group by 156.3% in the 3rd quarter. Quantbot Technologies LP now owns 83,777 shares of the transportation company’s stock worth $3,788,000 after buying an additional 51,096 shares in the last quarter. 81.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ALK has been the topic of a number of research analyst reports. Melius Research raised Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a report on Monday, October 28th. Citigroup dropped their target price on shares of Alaska Air Group from $51.00 to $48.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Melius raised shares of Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research note on Monday, October 28th. Bank of America lifted their price target on shares of Alaska Air Group from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Finally, UBS Group reiterated a “buy” rating and set a $72.00 price objective on shares of Alaska Air Group in a research report on Tuesday, November 26th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.69.

Alaska Air Group Trading Down 0.2 %

NYSE:ALK opened at $52.60 on Monday. The stock’s 50-day moving average is $47.69 and its two-hundred day moving average is $42.00. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.60 and a quick ratio of 0.57. The stock has a market cap of $6.68 billion, a PE ratio of 21.21, a price-to-earnings-growth ratio of 1.19 and a beta of 1.59. Alaska Air Group, Inc. has a fifty-two week low of $32.00 and a fifty-two week high of $54.14.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings results 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. The business 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 revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.83 EPS. As a group, equities research analysts forecast that Alaska Air Group, Inc. will post 4.26 earnings per share for the current fiscal year.

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.