Alaska Air Group, Inc. (NYSE:ALK) Shares Sold by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd trimmed its position in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 85.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,088 shares of the transportation company's stock after selling 42,503 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Alaska Air Group were worth $320,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in ALK. Assenagon Asset Management S.A. increased its position in Alaska Air Group by 2,087.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 762,889 shares of the transportation company's stock worth $34,490,000 after purchasing an additional 728,019 shares during the period. 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. Dimensional Fund Advisors LP lifted its holdings in Alaska Air Group by 5.8% in the second quarter. Dimensional Fund Advisors LP now owns 6,504,583 shares of the transportation company's stock valued at $262,789,000 after acquiring an additional 357,907 shares during the period. Mesirow Institutional Investment Management Inc. purchased a new stake in shares of Alaska Air Group during the 2nd quarter worth $11,475,000. Finally, Point72 Asset Management L.P. boosted its position in shares of Alaska Air Group by 8.0% during the 2nd 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 in the last quarter. 81.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ALK has been the subject of several recent analyst reports. UBS Group reiterated a "buy" rating and issued a $72.00 price objective on shares of Alaska Air Group in a research note on Tuesday, November 26th. Susquehanna lifted their price target 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. Melius upgraded Alaska Air Group from a "hold" rating to a "buy" rating and set a $56.00 price target on the stock in a report on Monday, October 28th. Barclays lifted their price objective on Alaska Air Group from $55.00 to $80.00 and gave the stock an "overweight" rating in a report on Thursday, November 14th. Finally, Bank of America upped their target price on Alaska Air Group from $50.00 to $55.00 and gave the company a "buy" rating in a report on Friday, September 13th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, Alaska Air Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $58.69.

Alaska Air Group Trading Down 0.2 %

NYSE ALK traded down $0.08 during mid-day trading on Friday, reaching $52.60. 649,334 shares of the stock were exchanged, compared to its average volume of 1,878,480. The stock has a market capitalization of $6.68 billion, a PE ratio of 21.21, a PEG ratio of 1.19 and a beta of 1.59. 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, Inc. has a 1-year low of $32.00 and a 1-year high of $54.14. The business's fifty day simple moving average is $47.69 and its 200 day simple moving average is $42.00.

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 (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.03. The business had revenue of $3.07 billion for 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 business's revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.83 earnings per share. On average, research analysts anticipate 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.