Alaska Air Group, Inc. (NYSE:ALK) Shares Purchased by Axa S.A.

AXA S.A. raised its position in Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 106.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,367 shares of the transportation company's stock after acquiring an additional 15,667 shares during the period. AXA S.A.'s holdings in Alaska Air Group were worth $1,227,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of ALK. Norges Bank acquired a new position in shares of Alaska Air Group during the fourth quarter valued at about $13,434,000. Parallel Advisors LLC grew its position in Alaska Air Group by 28.4% during the 4th quarter. Parallel Advisors LLC now owns 1,688 shares of the transportation company's stock worth $66,000 after purchasing an additional 373 shares during the last quarter. Treasurer of the State of North Carolina increased its stake in Alaska Air Group by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 55,599 shares of the transportation company's stock valued at $2,172,000 after purchasing an additional 550 shares in the last quarter. Peapack Gladstone Financial Corp purchased a new position in shares of Alaska Air Group in the fourth quarter worth $221,000. Finally, Pinebridge Investments L.P. acquired a new stake in shares of Alaska Air Group during the fourth quarter worth $1,144,000. 81.90% of the stock is owned by hedge funds and other institutional investors.

Alaska Air Group Stock Performance

ALK opened at $45.12 on Wednesday. The firm has a fifty day moving average price of $37.83 and a 200 day moving average price of $40.20. Alaska Air Group, Inc. has a 1 year low of $30.75 and a 1 year high of $46.15. The stock has a market cap of $5.73 billion, a P/E ratio of 24.13, a P/E/G ratio of 0.54 and a beta of 1.59. 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 (NYSE:ALK - Get Free Report) last issued its quarterly earnings data on Thursday, July 18th. The transportation company reported $2.55 earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the prior year, the firm posted $3.00 earnings per share. The company's revenue was up 2.1% compared to the same quarter last year. Equities research analysts anticipate that Alaska Air Group, Inc. will post 4.62 earnings per share for the current year.

Analyst Ratings Changes

ALK has been the topic of several research reports. Susquehanna cut their target price on Alaska Air Group from $42.00 to $41.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 16th. Citigroup cut their price objective on Alaska Air Group from $51.00 to $48.00 and set a "buy" rating on the stock in a report on Thursday, August 29th. Morgan Stanley reduced their price objective on Alaska Air Group from $75.00 to $70.00 and set an "overweight" rating for the company in a research note on Monday, July 22nd. TD Cowen upped their target price on Alaska Air Group from $51.00 to $52.00 and gave the company a "buy" rating in a research report on Friday, September 13th. Finally, Bank of America raised their price target on shares of Alaska Air Group from $50.00 to $55.00 and gave the stock a "buy" rating in a research report on Friday, September 13th. Four research 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, Alaska Air Group has a consensus rating of "Moderate Buy" and an average target price of $54.00.

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.