Alaska Air Group, Inc. (NYSE:ALK) Stock Holdings Boosted by Blueshift Asset Management LLC

Blueshift Asset Management LLC boosted its stake in Alaska Air Group, Inc. (NYSE:ALK) by 192.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 157,767 shares of the transportation company’s stock after acquiring an additional 103,886 shares during the period. Alaska Air Group accounts for about 1.8% of Blueshift Asset Management LLC’s holdings, making the stock its 4th biggest position. Blueshift Asset Management LLC owned approximately 0.12% of Alaska Air Group worth $7,133,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Altshuler Shaham Ltd purchased a new stake in Alaska Air Group in the 2nd quarter valued at approximately $28,000. Venturi Wealth Management LLC lifted its holdings in Alaska Air Group by 86.0% in the third quarter. Venturi Wealth Management LLC now owns 1,025 shares of the transportation company’s stock valued at $46,000 after acquiring an additional 474 shares during the period. Pacifica Partners Inc. boosted its position in shares of 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 purchasing an additional 1,000 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Alaska Air Group during the 3rd quarter worth $67,000. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Alaska Air Group in the 2nd quarter valued at about $69,000. 81.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on ALK shares. Citigroup lowered 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 research report on Thursday, August 29th. Barclays lifted their price objective on Alaska Air Group from $55.00 to $80.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Bank of America raised their price target on Alaska Air Group from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, September 13th. TD Cowen decreased their price objective on shares of Alaska Air Group from $52.00 to $50.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. Finally, Melius upgraded 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 report on Monday, October 28th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Alaska Air Group presently has an average rating of “Moderate Buy” and an average price target of $58.69.

Alaska Air Group Trading Down 1.0 %

ALK stock opened at $52.93 on Wednesday. Alaska Air Group, Inc. has a 52 week low of $32.00 and a 52 week high of $54.14. The company has a market cap of $6.72 billion, a price-to-earnings ratio of 21.34, a PEG ratio of 1.21 and a beta of 1.59. The company has a quick ratio of 0.57, a current ratio of 0.60 and a debt-to-equity ratio of 0.93. The business has a fifty day simple moving average of $46.68 and a 200-day simple moving average of $41.74.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings data on Thursday, October 31st. The transportation company reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.03. The business had revenue of $3.07 billion for 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 company’s revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.83 EPS. On average, equities research analysts expect that Alaska Air Group, Inc. will post 4.26 EPS for the current year.

About Alaska Air Group

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.