Alaska Air Group, Inc. (NYSE:ALK) Stock Holdings Increased by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA boosted its stake in shares of Alaska Air Group, Inc. (NYSE:ALK) by 0.4% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,593,756 shares of the transportation company’s stock after purchasing an additional 6,977 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Alaska Air Group were worth $72,054,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Altshuler Shaham Ltd purchased a new stake in shares of Alaska Air Group during the 2nd quarter worth about $28,000. Venturi Wealth Management LLC raised its position in Alaska Air Group by 86.0% during 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 in the last quarter. Pacifica Partners Inc. lifted its stake in Alaska Air Group by 952.4% in the third 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. Capital Performance Advisors LLP acquired a new stake in Alaska Air Group in the third quarter valued at approximately $67,000. Finally, Canada Pension Plan Investment Board bought a new stake in Alaska Air Group in the second quarter worth approximately $69,000. Institutional investors and hedge funds own 81.90% of the company’s stock.

Analyst Ratings Changes

ALK has been the topic of a number of recent research reports. TD Cowen cut 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 report on Thursday, October 3rd. 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 boosted their price target on Alaska Air Group from $55.00 to $80.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Melius raised Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a report on Monday, October 28th. Finally, Bank of America boosted their target price on Alaska Air Group from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.31.

Alaska Air Group Stock Up 0.2 %

ALK opened at $52.42 on Monday. The business has a 50 day moving average of $46.44 and a 200-day moving average of $41.67. The stock has a market capitalization of $6.65 billion, a price-to-earnings ratio of 21.14, a P/E/G ratio of 1.19 and a beta of 1.59. 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, Inc. has a 1-year low of $32.00 and a 1-year high of $54.01.

Alaska Air Group (NYSE:ALK) last issued its quarterly 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 firm had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3 billion. Alaska Air Group had a net margin of 2.99% and a return on equity of 12.81%. The business’s revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.83 EPS. As a group, sell-side analysts anticipate that Alaska Air Group, Inc. will post 4.26 earnings per share for the current year.

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.