D.A. Davidson & CO. Sells 12,629 Shares of Alaska Air Group, Inc. (NYSE:ALK)

D.A. Davidson & CO. reduced its holdings in Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 5.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 214,729 shares of the transportation company's stock after selling 12,629 shares during the quarter. D.A. Davidson & CO. owned about 0.17% of Alaska Air Group worth $9,708,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Altshuler Shaham Ltd bought a new stake in Alaska Air Group in the 2nd quarter valued at $28,000. Venturi Wealth Management LLC increased its stake in Alaska Air Group by 86.0% during the third 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 period. Pacifica Partners Inc. raised its holdings in Alaska Air Group by 952.4% in the 3rd quarter. Pacifica Partners Inc. now owns 1,105 shares of the transportation company's stock valued at $50,000 after acquiring an additional 1,000 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Alaska Air Group in the 3rd quarter worth approximately $67,000. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Alaska Air Group during the 2nd quarter worth approximately $69,000. 81.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ALK has been the topic of a number of recent research reports. Citigroup decreased 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 note on Thursday, August 29th. UBS Group restated a "buy" rating and set a $72.00 price target on shares of Alaska Air Group in a research note on Tuesday. TD Cowen dropped their target price on Alaska Air Group from $52.00 to $50.00 and set a "buy" rating for the company in a report on Thursday, October 3rd. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $70.00 price target on shares of Alaska Air Group in a research note on Friday, November 15th. Finally, Melius upgraded Alaska Air Group from a "hold" rating to a "buy" rating and set a $56.00 price objective for the company in a research note on Monday, October 28th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $58.69.

Alaska Air Group Price Performance

Shares of ALK traded down $0.28 during mid-day trading on Wednesday, hitting $52.65. 934,735 shares of the company traded hands, compared to its average volume of 2,247,699. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $6.68 billion, a price-to-earnings ratio of 21.32, a PEG ratio of 1.21 and a beta of 1.59. The business has a 50-day moving average of $46.92 and a 200 day moving average of $41.80. Alaska Air Group, Inc. has a one year low of $32.00 and a one year high of $54.14.

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. The firm had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3 billion. Alaska Air Group had a return on equity of 12.81% and a net margin of 2.99%. The business's quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the company earned $1.83 EPS. As a group, equities analysts expect that Alaska Air Group, Inc. will post 4.26 earnings per share for the current fiscal year.

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.