Nisa Investment Advisors LLC Reduces Stake in Alaska Air Group, Inc. (NYSE:ALK)

Nisa Investment Advisors LLC cut its holdings in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 56.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,027 shares of the transportation company's stock after selling 10,365 shares during the quarter. Nisa Investment Advisors LLC's holdings in Alaska Air Group were worth $363,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Altshuler Shaham Ltd acquired a new stake in shares of Alaska Air Group during the 2nd quarter worth approximately $28,000. Pacifica Partners Inc. boosted its position in Alaska Air Group by 952.4% in the third quarter. Pacifica Partners Inc. now owns 1,105 shares of the transportation company's stock valued at $50,000 after buying an additional 1,000 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Alaska Air Group during the second quarter worth $69,000. Halpern Financial Inc. acquired a new position in shares of Alaska Air Group during the second quarter worth $81,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Alaska Air Group by 31.7% during the second quarter. GAMMA Investing LLC now owns 2,602 shares of the transportation company's stock worth $105,000 after purchasing an additional 626 shares during the period. 81.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. TD Cowen cut 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 report on Thursday, October 3rd. Morgan Stanley cut their price target on shares of Alaska Air Group from $75.00 to $70.00 and set an "overweight" rating on the stock in a report on Monday, July 22nd. Susquehanna lifted their price target on shares of Alaska Air Group from $40.00 to $45.00 and gave the stock a "neutral" rating in a report on Wednesday, October 9th. Melius upgraded shares of 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. Finally, Evercore ISI lowered their target price on shares of 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. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Alaska Air Group presently has an average rating of "Moderate Buy" and a consensus target price of $54.17.

Alaska Air Group Stock Up 6.3 %

ALK traded up $3.06 during midday trading on Wednesday, hitting $51.62. The company had a trading volume of 3,084,361 shares, compared to its average volume of 2,279,748. Alaska Air Group, Inc. has a 52 week low of $32.00 and a 52 week high of $51.91. The company has a quick ratio of 0.57, a current ratio of 0.60 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $6.51 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 0.75 and a beta of 1.59. The stock's 50 day moving average price is $42.69 and its 200 day moving average price is $40.89.

Alaska Air Group (NYSE:ALK - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The transportation company reported $2.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.22 by $0.03. The firm had revenue of $3.07 billion during the quarter, compared to analysts' expectations 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 period last year, the company earned $1.83 earnings per share. On average, research analysts anticipate that Alaska Air Group, Inc. will post 4.31 earnings per share for the current fiscal 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.