Advisory Services Network LLC Makes New $182,000 Investment in Alaska Air Group, Inc. (NYSE:ALK)

Advisory Services Network LLC bought a new position in Alaska Air Group, Inc. (NYSE:ALK) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 3,024 shares of the transportation company’s stock, valued at approximately $182,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Alaska Air Group during the 1st quarter valued at about $27,000. Ameritas Investment Company LLC bought a new stake in Alaska Air Group during the 1st quarter valued at about $30,000. Exchange Traded Concepts LLC lifted its holdings in Alaska Air Group by 78.0% during the 2nd quarter. Exchange Traded Concepts LLC now owns 534 shares of the transportation company’s stock valued at $32,000 after buying an additional 234 shares in the last quarter. Crewe Advisors LLC lifted its holdings in Alaska Air Group by 10,833.3% during the 2nd quarter. Crewe Advisors LLC now owns 656 shares of the transportation company’s stock valued at $40,000 after buying an additional 650 shares in the last quarter. Finally, First Command Bank lifted its holdings in Alaska Air Group by 111.9% during the 2nd quarter. First Command Bank now owns 763 shares of the transportation company’s stock valued at $46,000 after buying an additional 403 shares in the last quarter. Hedge funds and other institutional investors own 75.03% of the company’s stock.

NYSE ALK opened at $57.04 on Thursday. The firm’s 50-day moving average is $57.92 and its two-hundred day moving average is $62.54. Alaska Air Group, Inc. has a 12 month low of $35.06 and a 12 month high of $74.25. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.98 and a quick ratio of 0.97. The stock has a market capitalization of $7.14 billion, a P/E ratio of -11.74 and a beta of 1.76.

Alaska Air Group (NYSE:ALK) last posted its quarterly earnings data on Wednesday, July 21st. The transportation company reported ($0.30) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.44) by $0.14. Alaska Air Group had a negative net margin of 15.52% and a negative return on equity of 37.62%. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same quarter last year, the firm posted ($3.54) earnings per share. The business’s revenue for the quarter was up 262.7% compared to the same quarter last year. As a group, analysts anticipate that Alaska Air Group, Inc. will post -1.43 EPS for the current year.

In other news, Chairman Bradley D. Tilden sold 4,875 shares of the firm’s stock in a transaction that occurred on Wednesday, September 1st. The shares were sold at an average price of $57.08, for a total value of $278,265.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders sold 14,665 shares of company stock valued at $863,007. Insiders own 0.73% of the company’s stock.

A number of research analysts have commented on ALK shares. Wolfe Research raised shares of Alaska Air Group from a “peer perform” rating to an “outperform” rating in a research report on Friday, June 18th. Morgan Stanley dropped their target price on shares of Alaska Air Group from $89.00 to $82.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 14th. Raymond James decreased their price objective on shares of Alaska Air Group from $85.00 to $78.00 and set a “strong-buy” rating for the company in a research note on Tuesday, July 20th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Alaska Air Group from $94.00 to $97.00 and gave the company an “overweight” rating in a research note on Friday, October 1st. One equities research analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $77.00.

Alaska Air Group Company Profile

Alaska Air Group, Inc is a holding company, which engages in the provision of air transportation services. It operates through the following segments: Mainline, Regional and Horizon. The Mainline segment includes Alaska’s Boeing or Airbus jet aircraft for passengers and cargo throughout the U.S., and in parts of Canada, Mexico, and Costa Rica.

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Institutional Ownership by Quarter for Alaska Air Group (NYSE:ALK)

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