Brighton Jones LLC Has $7.21 Million Stock Holdings in Alaska Air Group, Inc. (NYSE:ALK)

Brighton Jones LLC increased its holdings in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 17.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 178,466 shares of the transportation company's stock after purchasing an additional 26,601 shares during the period. Brighton Jones LLC owned 0.14% of Alaska Air Group worth $7,210,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Jade Capital Advisors LLC acquired a new stake in shares of Alaska Air Group in the 4th quarter worth $1,954,000. Pinebridge Investments L.P. acquired a new stake in shares of Alaska Air Group in the 4th quarter worth $1,144,000. Interval Partners LP lifted its stake in shares of Alaska Air Group by 100.0% in the 1st quarter. Interval Partners LP now owns 80,000 shares of the transportation company's stock worth $3,439,000 after acquiring an additional 40,000 shares during the period. Capital Research Global Investors acquired a new stake in shares of Alaska Air Group in the first quarter valued at about $36,993,000. Finally, Raymond James & Associates lifted its holdings in shares of Alaska Air Group by 13.5% in the second quarter. Raymond James & Associates now owns 283,581 shares of the transportation company's stock valued at $11,457,000 after purchasing an additional 33,717 shares in the last quarter. Institutional investors and hedge funds own 81.90% of the company's stock.

Analyst Ratings Changes

ALK has been the topic of several recent research reports. Morgan Stanley reduced 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. TD Cowen boosted their price objective on shares of Alaska Air Group from $51.00 to $52.00 and gave the company a "buy" rating in a research report on Friday, September 13th. Susquehanna cut their price objective on shares of Alaska Air Group from $42.00 to $41.00 and set a "neutral" rating for the company in a research report on Tuesday, July 16th. Bank of America boosted their price objective on shares of Alaska Air Group from $50.00 to $55.00 and gave the company a "buy" rating in a research report on Friday, September 13th. Finally, Citigroup cut their price objective 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. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $54.00.

Alaska Air Group Stock Performance

Shares of ALK stock traded up $0.46 during trading hours on Friday, reaching $40.02. The stock had a trading volume of 3,313,074 shares, compared to its average volume of 2,237,694. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.68 and a quick ratio of 0.66. Alaska Air Group, Inc. has a twelve month low of $30.75 and a twelve month high of $46.15. The firm has a 50-day simple moving average of $37.10 and a 200-day simple moving average of $39.86. The firm has a market capitalization of $5.08 billion, a PE ratio of 21.21, a price-to-earnings-growth ratio of 0.60 and a beta of 1.59.

Alaska Air Group (NYSE:ALK - Get Free Report) last released its earnings results on Thursday, July 18th. The transportation company reported $2.55 EPS for the quarter, beating the consensus estimate of $2.36 by $0.19. Alaska Air Group had a net margin of 2.14% and a return on equity of 11.85%. The firm had revenue of $2.90 billion for the quarter, compared to analysts' expectations of $2.94 billion. During the same quarter last year, the company earned $3.00 EPS. Alaska Air Group's quarterly revenue was up 2.1% on a year-over-year basis. As a group, equities analysts forecast that Alaska Air Group, Inc. will post 4.17 earnings per share for the current 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.