Centiva Capital LP Has $768,000 Position in Alaska Air Group, Inc. (NYSE:ALK)

Centiva Capital LP cut its stake in Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 57.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,998 shares of the transportation company's stock after selling 22,780 shares during the period. Centiva Capital LP's holdings in Alaska Air Group were worth $768,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in ALK. Dimensional Fund Advisors LP boosted its stake in Alaska Air Group by 5.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,504,583 shares of the transportation company's stock valued at $262,789,000 after purchasing an additional 357,907 shares in the last quarter. Point72 Asset Management L.P. boosted its stake in 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 valued at $119,960,000 after buying an additional 220,030 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Alaska Air Group by 0.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,593,756 shares of the transportation company's stock worth $72,054,000 after acquiring an additional 6,977 shares during the period. American Century Companies Inc. grew its holdings 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 worth $64,239,000 after acquiring an additional 122,325 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in Alaska Air Group by 45.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,422,247 shares of the transportation company's stock worth $64,300,000 after acquiring an additional 442,331 shares in the last quarter. Institutional investors and hedge funds own 81.90% of the company's stock.

Alaska Air Group Stock Performance

Alaska Air Group stock traded down $1.54 on Friday, reaching $54.34. 2,211,952 shares of the stock were exchanged, compared to its average volume of 1,645,906. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 0.93. Alaska Air Group, Inc. has a twelve month low of $32.62 and a twelve month high of $56.95. The firm has a fifty day moving average price of $48.79 and a two-hundred day moving average price of $42.37. The stock has a market cap of $6.90 billion, a PE ratio of 21.91, a PEG ratio of 1.24 and a beta of 1.60.

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Melius upgraded shares of Alaska Air Group from a "hold" rating to a "buy" rating and set a $56.00 target price on the stock in a report on Monday, October 28th. TD Cowen upped their price target on shares of Alaska Air Group from $50.00 to $68.00 and gave the company a "buy" rating in a research report on Wednesday. Bank of America boosted their target price on shares of Alaska Air Group from $50.00 to $55.00 and gave the company a "buy" rating in a research note on Friday, September 13th. Susquehanna increased their price target on shares of Alaska Air Group from $40.00 to $45.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 9th. Finally, Melius Research raised Alaska Air Group from a "hold" rating to a "buy" rating and set a $56.00 price objective for the company in a research report on Monday, October 28th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $60.08.

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.