Charles Schwab Investment Management Inc. Has $64.30 Million Stock Holdings in Alaska Air Group, Inc. (NYSE:ALK)

Charles Schwab Investment Management Inc. raised its position in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 45.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,422,247 shares of the transportation company's stock after purchasing an additional 442,331 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.13% of Alaska Air Group worth $64,300,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of ALK. Assenagon Asset Management S.A. raised its position in Alaska Air Group by 2,087.8% during the third quarter. Assenagon Asset Management S.A. now owns 762,889 shares of the transportation company's stock valued at $34,490,000 after buying an additional 728,019 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of 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 valued at $262,789,000 after purchasing an additional 357,907 shares during the period. Mesirow Institutional Investment Management Inc. purchased a new stake in shares of Alaska Air Group in the second quarter worth approximately $11,475,000. Point72 Asset Management L.P. boosted 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 period. Finally, International Assets Investment Management LLC purchased a new position in Alaska Air Group during the third quarter valued at approximately $86,270,000. Hedge funds and other institutional investors own 81.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ALK. Citigroup cut their target price on shares of Alaska Air Group from $51.00 to $48.00 and set a "buy" rating for the company in a research report on Thursday, August 29th. Susquehanna lifted their price objective on Alaska Air Group from $40.00 to $45.00 and gave the company a "neutral" rating in a research report on Wednesday, October 9th. Barclays boosted their target price on Alaska Air Group from $55.00 to $80.00 and gave the company an "overweight" rating in a research note on Thursday, November 14th. Evercore ISI cut their price target on 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, The Goldman Sachs Group reissued a "buy" rating and issued a $70.00 price target on shares of Alaska Air Group in a research note on Friday, November 15th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $58.69.

Alaska Air Group Stock Performance

Shares of Alaska Air Group stock traded down $0.08 during midday trading on Friday, hitting $52.60. The company had a trading volume of 649,334 shares, compared to its average volume of 2,240,781. 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, Inc. has a 1-year low of $32.00 and a 1-year high of $54.14. The business's 50 day simple moving average is $47.44 and its two-hundred day simple moving average is $41.95. The stock has a market cap of $6.68 billion, a PE ratio of 21.26, a P/E/G ratio of 1.20 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 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 business 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 business earned $1.83 earnings per share. The firm's revenue for the quarter was up 8.2% on a year-over-year basis. As a group, equities analysts predict that Alaska Air Group, Inc. will post 4.26 EPS for the current fiscal 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.