Cozad Asset Management Inc. Invests $1.82 Million in Alaska Air Group, Inc. $ALK

Cozad Asset Management Inc. purchased a new stake in Alaska Air Group, Inc. (NYSE:ALK) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 36,795 shares of the transportation company’s stock, valued at approximately $1,821,000.

A number of other institutional investors have also modified their holdings of the business. Brooklyn Investment Group lifted its holdings in Alaska Air Group by 41.1% in the first quarter. Brooklyn Investment Group now owns 632 shares of the transportation company’s stock worth $31,000 after acquiring an additional 184 shares during the last quarter. MAI Capital Management raised its position in shares of Alaska Air Group by 80.5% during the 2nd quarter. MAI Capital Management now owns 628 shares of the transportation company’s stock worth $31,000 after purchasing an additional 280 shares during the period. SBI Securities Co. Ltd. lifted its holdings in shares of Alaska Air Group by 85.3% in the 2nd quarter. SBI Securities Co. Ltd. now owns 1,308 shares of the transportation company’s stock worth $65,000 after purchasing an additional 602 shares during the last quarter. Assetmark Inc. boosted its position in Alaska Air Group by 2,162.3% during the 2nd quarter. Assetmark Inc. now owns 1,380 shares of the transportation company’s stock valued at $68,000 after purchasing an additional 1,319 shares during the period. Finally, Headlands Technologies LLC bought a new position in Alaska Air Group during the 1st quarter worth $71,000. Institutional investors own 81.90% of the company’s stock.

Alaska Air Group Stock Up 4.4%

ALK stock opened at $39.48 on Friday. The firm’s 50-day moving average is $46.92 and its two-hundred day moving average is $51.32. The company has a market capitalization of $4.58 billion, a price-to-earnings ratio of 31.84, a price-to-earnings-growth ratio of 0.80 and a beta of 1.41. Alaska Air Group, Inc. has a 52 week low of $37.63 and a 52 week high of $78.08. The company has a current ratio of 0.52, a quick ratio of 0.49 and a debt-to-equity ratio of 1.12.

Alaska Air Group (NYSE:ALK) last posted its quarterly earnings data on Thursday, October 23rd. The transportation company reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by ($0.06). Alaska Air Group had a net margin of 1.06% and a return on equity of 8.93%. The company had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter last year, the business earned $2.25 earnings per share. The company’s revenue was up 22.6% on a year-over-year basis. On average, analysts forecast that Alaska Air Group, Inc. will post 6.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ALK has been the topic of a number of recent research reports. Wall Street Zen cut Alaska Air Group from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. TD Cowen lifted their price objective on shares of Alaska Air Group from $61.00 to $65.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Evercore ISI reduced their target price on shares of Alaska Air Group from $70.00 to $65.00 and set an “outperform” rating for the company in a research note on Tuesday, September 16th. JPMorgan Chase & Co. upped their target price on shares of Alaska Air Group from $73.00 to $96.00 and gave the stock an “overweight” rating in a research report on Friday, September 12th. Finally, Raymond James Financial set a $65.00 price target on Alaska Air Group and gave the company an “outperform” rating in a report on Monday, October 27th. Twelve equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $73.08.

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.