Alaska Air Group, Inc. (NYSE:ALK) Shares Purchased by Entropy Technologies LP

Entropy Technologies LP raised its holdings in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 358.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of ALK. Versor Investments LP boosted its stake in shares of Alaska Air Group by 113.4% during the 3rd quarter. Versor Investments LP now owns 30,300 shares of the transportation company's stock valued at $1,370,000 after buying an additional 16,100 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in Alaska Air Group by 86.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,025 shares of the transportation company's stock valued at $46,000 after acquiring an additional 474 shares during the last quarter. Jag Capital Management LLC grew its holdings in Alaska Air Group by 2.2% during the 3rd quarter. Jag Capital Management LLC now owns 73,270 shares of the transportation company's stock worth $3,313,000 after acquiring an additional 1,574 shares in the last quarter. Verdence Capital Advisors LLC increased its position in shares of Alaska Air Group by 2.2% in the 3rd quarter. Verdence Capital Advisors LLC now owns 10,180 shares of the transportation company's stock worth $460,000 after purchasing an additional 215 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Alaska Air Group in the 3rd quarter valued at about $67,000. 81.90% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on ALK. Barclays lifted their price target on Alaska Air Group from $55.00 to $80.00 and gave the stock an "overweight" rating in a research note on Thursday. Citigroup lowered their price target on Alaska Air Group from $51.00 to $48.00 and set a "buy" rating for the company in a report on Thursday, August 29th. TD Cowen decreased their price objective on shares of Alaska Air Group from $52.00 to $50.00 and set a "buy" rating for the company in a report on Thursday, October 3rd. Morgan Stanley dropped their target price on shares of Alaska Air Group from $75.00 to $70.00 and set an "overweight" rating on the stock in a report on Monday, July 22nd. Finally, Melius Research raised shares of Alaska Air Group from a "hold" rating to a "buy" rating and set a $56.00 price target for the company in a report on Monday, October 28th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, Alaska Air Group has a consensus rating of "Moderate Buy" and a consensus target price of $56.25.

Alaska Air Group Stock Performance

Shares of ALK traded up $1.21 during mid-day trading on Thursday, reaching $52.88. 2,789,349 shares of the company's stock traded hands, compared to its average volume of 2,273,711. Alaska Air Group, Inc. has a 12 month low of $32.00 and a 12 month high of $53.67. The stock has a market capitalization of $6.71 billion, a P/E ratio of 21.32, a price-to-earnings-growth ratio of 1.16 and a beta of 1.59. The business's 50-day moving average price is $44.85 and its 200-day moving average price is $41.28. 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 (NYSE:ALK - Get Free Report) last announced its quarterly 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. Alaska Air Group had a return on equity of 12.81% and a net margin of 2.99%. The company had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3 billion. During the same quarter in the previous year, the firm posted $1.83 EPS. The firm's quarterly revenue was up 8.2% on a year-over-year basis. Equities analysts predict that Alaska Air Group, Inc. will post 4.26 earnings per share for the current year.

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.