Versor Investments LP Has $1.37 Million Stake in Alaska Air Group, Inc. (NYSE:ALK)

Versor Investments LP boosted its position in Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 113.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 30,300 shares of the transportation company's stock after acquiring an additional 16,100 shares during the period. Versor Investments LP's holdings in Alaska Air Group were worth $1,370,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Altshuler Shaham Ltd purchased a new position in shares of Alaska Air Group in the 2nd quarter worth approximately $28,000. Venturi Wealth Management LLC grew its position in Alaska Air Group by 86.0% in the third quarter. Venturi Wealth Management LLC now owns 1,025 shares of the transportation company's stock worth $46,000 after acquiring an additional 474 shares during the period. Pacifica Partners Inc. grew its stake in shares of 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 buying an additional 1,000 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Alaska Air Group during the 3rd quarter worth about $67,000. Finally, Canada Pension Plan Investment Board purchased a new stake in Alaska Air Group during the 2nd quarter valued at approximately $69,000. Hedge funds and other institutional investors own 81.90% of the company's stock.

Alaska Air Group Stock Performance

Shares of NYSE ALK traded down $0.40 during midday trading on Tuesday, reaching $51.45. 1,338,963 shares of the stock were exchanged, compared to its average volume of 2,270,734. Alaska Air Group, Inc. has a twelve month low of $32.00 and a twelve month high of $52.19. The firm has a market cap of $6.49 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 1.15 and a beta of 1.59. The company has a quick ratio of 0.57, a current ratio of 0.60 and a debt-to-equity ratio of 0.93. The firm has a 50-day simple moving average of $43.93 and a two-hundred day simple moving average of $41.07.

Alaska Air Group (NYSE:ALK - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The transportation company reported $2.25 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 company had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3 billion. During the same period in the prior year, the firm posted $1.83 EPS. The company's quarterly revenue was up 8.2% compared to the same quarter last year. As a group, analysts anticipate that Alaska Air Group, Inc. will post 4.26 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ALK has been the subject of a number of research reports. Barclays began coverage on Alaska Air Group in a research note on Monday, October 21st. They issued an "overweight" rating and a $55.00 price target for the company. Citigroup cut their price objective on shares of Alaska Air Group from $51.00 to $48.00 and set a "buy" rating on the stock in a report on Thursday, August 29th. Melius Research upgraded 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 research note on Monday, October 28th. Evercore ISI cut their target price on shares of Alaska Air Group from $60.00 to $55.00 and set an "outperform" rating on the stock in a research note on Thursday, October 3rd. Finally, Bank of America lifted their price target on shares of Alaska Air Group from $50.00 to $55.00 and gave the stock a "buy" rating in a research note on Friday, September 13th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Alaska Air Group has an average rating of "Moderate Buy" and an average price target of $54.17.

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.