U S Global Investors Inc. Has $34.22 Million Stock Position in Alaska Air Group, Inc. (NYSE:ALK)

U S Global Investors Inc. trimmed its stake in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 19.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 756,806 shares of the transportation company's stock after selling 186,645 shares during the quarter. Alaska Air Group makes up about 3.3% of U S Global Investors Inc.'s portfolio, making the stock its 7th largest holding. U S Global Investors Inc. owned about 0.60% of Alaska Air Group worth $34,215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Gateway Investment Advisers LLC increased its position in Alaska Air Group by 0.3% in the 1st quarter. Gateway Investment Advisers LLC now owns 153,403 shares of the transportation company's stock valued at $6,595,000 after acquiring an additional 391 shares during the period. QRG Capital Management Inc. increased its position in Alaska Air Group by 4.7% in the 2nd quarter. QRG Capital Management Inc. now owns 9,029 shares of the transportation company's stock valued at $365,000 after acquiring an additional 406 shares during the period. William Blair Investment Management LLC increased its position in Alaska Air Group by 4.0% in the 1st quarter. William Blair Investment Management LLC now owns 11,470 shares of the transportation company's stock valued at $493,000 after acquiring an additional 436 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Alaska Air Group by 5.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,063 shares of the transportation company's stock valued at $326,000 after acquiring an additional 439 shares during the period. Finally, Swiss National Bank increased its position in Alaska Air Group by 0.8% in the 1st quarter. Swiss National Bank now owns 63,200 shares of the transportation company's stock valued at $2,717,000 after acquiring an additional 500 shares during the period. 81.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ALK. Morgan Stanley decreased their price target on shares of Alaska Air Group from $75.00 to $70.00 and set an "overweight" rating for the company in a research report on Monday, July 22nd. Barclays began coverage on shares of Alaska Air Group in a research note on Monday. They issued an "overweight" rating and a $55.00 price objective on the stock. Citigroup reduced their price objective on shares of Alaska Air Group from $51.00 to $48.00 and set a "buy" rating on the stock in a research note on Thursday, August 29th. TD Cowen reduced their price objective on shares of Alaska Air Group from $52.00 to $50.00 and set a "buy" rating on the stock in a research note on Thursday, October 3rd. Finally, Bank of America upped 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 note on Friday, September 13th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $53.80.

Alaska Air Group Stock Down 0.1 %

Shares of ALK stock traded down $0.05 on Tuesday, hitting $45.99. The stock had a trading volume of 1,639,812 shares, compared to its average volume of 2,275,806. The business has a 50 day moving average of $40.08 and a 200 day moving average of $40.54. The stock has a market cap of $5.84 billion, a price-to-earnings ratio of 24.55, a price-to-earnings-growth ratio of 0.66 and a beta of 1.60. 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 12-month low of $30.75 and a 12-month high of $46.87.

Alaska Air Group 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.