Blueshift Asset Management LLC Raises Position in Alaska Air Group, Inc. (NYSE:ALK)

Blueshift Asset Management LLC increased its stake in Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 192.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 157,767 shares of the transportation company's stock after acquiring an additional 103,886 shares during the period. Alaska Air Group comprises about 1.8% of Blueshift Asset Management LLC's holdings, making the stock its 4th largest holding. Blueshift Asset Management LLC owned approximately 0.12% of Alaska Air Group worth $7,133,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew 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 acquiring an additional 357,907 shares during the last quarter. Boston Partners increased its position 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 valued at $170,533,000 after acquiring an additional 155,403 shares during the period. Point72 Asset Management L.P. increased its position in shares of Alaska Air Group by 8.0% in the second quarter. Point72 Asset Management L.P. now owns 2,969,295 shares of the transportation company's stock valued at $119,960,000 after acquiring an additional 220,030 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Alaska Air Group by 0.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,593,756 shares of the transportation company's stock valued at $72,054,000 after acquiring an additional 6,977 shares during the period. Finally, American Century Companies Inc. increased its position in shares of Alaska Air Group by 8.3% in 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 acquiring an additional 122,325 shares during the period. 81.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Barclays boosted their price objective on shares of Alaska Air Group from $55.00 to $80.00 and gave the company an "overweight" rating in a research report on Thursday, November 14th. Susquehanna boosted their price objective on shares of Alaska Air Group from $40.00 to $45.00 and gave the company a "neutral" rating in a research report on Wednesday, October 9th. Citigroup reduced their price target on shares of 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. TD Cowen reduced their price target on shares of Alaska Air Group from $52.00 to $50.00 and set a "buy" rating on the stock in a research report on Thursday, October 3rd. Finally, Bank of America boosted their price target on shares of Alaska Air Group from $50.00 to $55.00 and gave the company a "buy" rating in a research report on Friday, September 13th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, Alaska Air Group has an average rating of "Moderate Buy" and an average target price of $58.69.

Alaska Air Group Stock Down 0.5 %

NYSE:ALK traded down $0.25 during mid-day trading on Wednesday, hitting $52.68. 934,440 shares of the company's stock were exchanged, compared to its average volume of 2,247,699. The business has a fifty day moving average price of $46.92 and a 200 day moving average price of $41.80. The company has a market cap of $6.69 billion, a PE ratio of 21.32, a P/E/G ratio of 1.21 and a beta of 1.59. Alaska Air Group, Inc. has a one year low of $32.00 and a one year high of $54.14. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.60 and a quick ratio of 0.57.

Alaska Air Group (NYSE:ALK - Get Free Report) last issued its earnings results on Thursday, October 31st. The transportation company reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.03. The firm had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3 billion. Alaska Air Group had a net margin of 2.99% and a return on equity of 12.81%. The business's revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.83 earnings per share. Equities analysts predict that Alaska Air Group, Inc. will post 4.26 EPS 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.