Integrated Wealth Concepts LLC Has $515,000 Stock Position in Alaska Air Group, Inc. (NYSE:ALK)

Integrated Wealth Concepts LLC increased its stake in shares of Alaska Air Group, Inc. (NYSE:ALK) by 66.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,392 shares of the transportation company’s stock after buying an additional 4,550 shares during the period. Integrated Wealth Concepts LLC’s holdings in Alaska Air Group were worth $515,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ALK. Altshuler Shaham Ltd bought a new stake in Alaska Air Group during the 2nd quarter worth about $28,000. Venturi Wealth Management LLC raised its holdings in Alaska Air Group by 86.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,025 shares of the transportation company’s stock worth $46,000 after purchasing an additional 474 shares during the last quarter. Pacifica Partners Inc. increased its stake in shares of Alaska Air Group by 952.4% in the 3rd quarter. Pacifica Partners Inc. now owns 1,105 shares of the transportation company’s stock valued at $50,000 after acquiring an additional 1,000 shares during the last quarter. True Wealth Design LLC bought a new stake in shares of Alaska Air Group in the 3rd quarter valued at about $52,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Alaska Air Group in the 3rd quarter valued at about $67,000. 81.90% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ALK has been the subject of a number of recent analyst reports. Barclays upped their price target on Alaska Air Group from $55.00 to $80.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Melius Research raised Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a research note on Monday, October 28th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $70.00 price target on shares of Alaska Air Group in a research note on Friday, November 15th. Susquehanna upped their price target on Alaska Air Group from $40.00 to $45.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Finally, Citigroup lowered their price target on 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. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, Alaska Air Group presently has an average rating of “Moderate Buy” and a consensus target price of $60.08.

Alaska Air Group Stock Performance

NYSE ALK opened at $61.32 on Wednesday. The firm’s fifty day moving average price is $49.29 and its two-hundred day moving average price is $42.57. Alaska Air Group, Inc. has a 1 year low of $32.62 and a 1 year high of $63.90. The firm has a market capitalization of $7.78 billion, a P/E ratio of 24.73, a price-to-earnings-growth ratio of 1.23 and a beta of 1.60. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 0.93.

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, topping 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 for the quarter, compared to analyst estimates of $3 billion. During the same period in the previous year, the business earned $1.83 EPS. Alaska Air Group’s revenue for the quarter was up 8.2% compared to the same quarter last year. As a group, research analysts anticipate that Alaska Air Group, Inc. will post 4.26 EPS for the current 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.