Entropy Technologies LP Raises Stock Holdings in Alaska Air Group, Inc. (NYSE:ALK)

Entropy Technologies LP raised its position in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 358.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,428 shares of the transportation company's stock after purchasing an additional 21,451 shares during the quarter. Entropy Technologies LP's holdings in Alaska Air Group were worth $1,240,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its holdings in Alaska Air Group by 5.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,504,583 shares of the transportation company's stock worth $262,789,000 after buying an additional 357,907 shares during the period. Boston Partners increased its stake in shares of Alaska Air Group by 4.1% in the first quarter. Boston Partners now owns 3,966,594 shares of the transportation company's stock worth $170,533,000 after acquiring an additional 155,403 shares during the period. Point72 Asset Management L.P. raised its holdings in shares of Alaska Air Group by 8.0% during the second quarter. Point72 Asset Management L.P. now owns 2,969,295 shares of the transportation company's stock worth $119,960,000 after purchasing an additional 220,030 shares during the last quarter. American Century Companies Inc. lifted its position in Alaska Air Group by 8.3% during the second quarter. American Century Companies Inc. now owns 1,590,078 shares of the transportation company's stock valued at $64,239,000 after purchasing an additional 122,325 shares during the period. Finally, Clearbridge Investments LLC boosted its holdings in Alaska Air Group by 8.6% in the first quarter. Clearbridge Investments LLC now owns 1,063,379 shares of the transportation company's stock valued at $45,715,000 after purchasing an additional 83,868 shares during the last quarter. 81.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ALK has been the subject of several analyst reports. Barclays boosted their price objective on Alaska Air Group from $55.00 to $80.00 and gave the company an "overweight" rating in a report on Thursday. Citigroup lowered their price objective on 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. Melius raised shares of Alaska Air Group from a "hold" rating to a "buy" rating and set a $56.00 target price for the company in a report on Monday, October 28th. Evercore ISI decreased their target price on shares of Alaska Air Group from $60.00 to $55.00 and set an "outperform" rating for the company in a research note on Thursday, October 3rd. Finally, Melius Research upgraded shares of Alaska Air Group from a "hold" rating to a "buy" rating and set a $56.00 price target on the stock in a research report on Monday, October 28th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, Alaska Air Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $56.25.

Alaska Air Group Trading Up 2.3 %

NYSE:ALK traded up $1.21 during trading hours on Thursday, hitting $52.88. The company had a trading volume of 2,789,349 shares, compared to its average volume of 2,273,711. Alaska Air Group, Inc. has a 1 year low of $32.00 and a 1 year high of $53.67. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 0.93. The company has a 50-day moving average of $44.85 and a 200 day moving average of $41.28. The company has a market cap of $6.71 billion, a P/E ratio of 21.32, a P/E/G ratio of 1.16 and a beta of 1.59.

Alaska Air Group (NYSE:ALK - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The transportation company reported $2.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3 billion. During the same quarter in the prior year, the firm posted $1.83 earnings per share. Alaska Air Group's quarterly revenue was up 8.2% on a year-over-year basis. Sell-side analysts expect that Alaska Air Group, Inc. will post 4.26 earnings per share for the current year.

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.