Alaska Air Group, Inc. (NYSE:ALK) Short Interest Update

Alaska Air Group, Inc. (NYSE:ALK - Get Free Report) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 10,290,000 shares, an increase of 15.5% from the September 30th total of 8,910,000 shares. Based on an average daily volume of 2,400,000 shares, the short-interest ratio is presently 4.3 days.

Analyst Ratings Changes

ALK has been the topic of a number of research analyst reports. TD Cowen cut their target price on Alaska Air Group from $52.00 to $50.00 and set a "buy" rating on the stock in a research report on Thursday, October 3rd. Bank of America increased 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. Evercore ISI decreased their price objective 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. Melius upgraded shares of Alaska Air Group from a "hold" rating to a "buy" rating and set a $56.00 target price for the company in a research note on Monday. Finally, Citigroup decreased 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 note on Thursday, August 29th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $54.17.

Alaska Air Group Stock Down 0.4 %

Shares of ALK stock traded down $0.18 on Tuesday, reaching $46.92. 1,927,748 shares of the company's stock traded hands, compared to its average volume of 2,265,240. Alaska Air Group has a 12-month low of $30.75 and a 12-month high of $47.45. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.66 and a current ratio of 0.68. The company has a market capitalization of $5.95 billion, a P/E ratio of 25.09, a price-to-earnings-growth ratio of 0.66 and a beta of 1.60. The business's 50 day moving average price is $41.41 and its two-hundred day moving average price is $40.70.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ALK. Altshuler Shaham Ltd bought a new stake in shares of Alaska Air Group in the 2nd quarter worth approximately $28,000. Pacifica Partners Inc. increased its holdings in Alaska Air Group by 952.4% during the 3rd quarter. Pacifica Partners Inc. now owns 1,105 shares of the transportation company's stock valued at $50,000 after purchasing an additional 1,000 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Alaska Air Group in the 2nd quarter valued at $69,000. Halpern Financial Inc. acquired a new stake in shares of Alaska Air Group in the 2nd quarter valued at $81,000. Finally, GAMMA Investing LLC increased its stake in shares of Alaska Air Group by 31.7% in the 2nd quarter. GAMMA Investing LLC now owns 2,602 shares of the transportation company's stock valued at $105,000 after buying an additional 626 shares during the period. Hedge funds and other institutional investors own 81.90% of the company's stock.

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.