Thrivent Financial for Lutherans Has $4.85 Million Stake in Alaska Air Group, Inc. (NYSE:ALK)

Thrivent Financial for Lutherans lowered its position in shares of Alaska Air Group, Inc. (NYSE:ALK) by 5.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 107,339 shares of the transportation company’s stock after selling 6,127 shares during the period. Thrivent Financial for Lutherans owned about 0.09% of Alaska Air Group worth $4,853,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Interval Partners LP increased its stake in shares of Alaska Air Group by 100.0% in the first quarter. Interval Partners LP now owns 80,000 shares of the transportation company’s stock valued at $3,439,000 after buying an additional 40,000 shares during the period. Raymond James & Associates raised its stake in shares of Alaska Air Group by 13.5% during the second quarter. Raymond James & Associates now owns 283,581 shares of the transportation company’s stock valued at $11,457,000 after acquiring an additional 33,717 shares during the last quarter. Boston Partners lifted its holdings in shares of Alaska Air Group by 4.1% during the first quarter. Boston Partners now owns 3,966,594 shares of the transportation company’s stock worth $170,533,000 after purchasing an additional 155,403 shares during the period. Comerica Bank grew its stake in shares of Alaska Air Group by 88.0% in the first quarter. Comerica Bank now owns 174,178 shares of the transportation company’s stock worth $7,488,000 after purchasing an additional 81,533 shares during the last quarter. Finally, Entropy Technologies LP increased its holdings in 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 purchasing an additional 21,451 shares during the period. Institutional investors and hedge funds own 81.90% of the company’s stock.

Alaska Air Group Stock Up 0.2 %

ALK stock opened at $52.42 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.57 and a current ratio of 0.60. Alaska Air Group, Inc. has a fifty-two week low of $32.00 and a fifty-two week high of $54.01. The stock’s 50 day simple moving average is $46.44 and its 200 day simple moving average is $41.68. The company has a market cap of $6.65 billion, a P/E ratio of 21.14, a price-to-earnings-growth ratio of 1.19 and a beta of 1.59.

Alaska Air Group (NYSE:ALK) last issued its earnings results on Thursday, October 31st. The transportation company reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.22 by $0.03. The company had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $3 billion. Alaska Air Group had a return on equity of 12.81% and a net margin of 2.99%. Alaska Air Group’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the business earned $1.83 EPS. On average, research analysts expect that Alaska Air Group, Inc. will post 4.26 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ALK shares. Susquehanna lifted their target price on Alaska Air Group from $40.00 to $45.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. TD Cowen cut their price objective on Alaska Air Group from $52.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. Barclays increased their target price on shares of Alaska Air Group from $55.00 to $80.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Evercore ISI dropped their price target on shares of Alaska Air Group from $60.00 to $55.00 and set an “outperform” 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 price objective for the company in a research 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’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $57.31.

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.