SG Americas Securities LLC Trims Stock Holdings in Alaska Air Group, Inc. (NYSE:ALK)

SG Americas Securities LLC lowered its position in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 75.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,674 shares of the transportation company's stock after selling 14,466 shares during the period. SG Americas Securities LLC's holdings in Alaska Air Group were worth $211,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. QRG Capital Management Inc. grew its holdings in shares of Alaska Air Group by 4.7% during the second quarter. QRG Capital Management Inc. now owns 9,029 shares of the transportation company's stock worth $365,000 after purchasing an additional 406 shares in the last quarter. William Blair Investment Management LLC raised its position in shares of Alaska Air Group by 4.0% during the 1st quarter. William Blair Investment Management LLC now owns 11,470 shares of the transportation company's stock valued at $493,000 after buying an additional 436 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Alaska Air Group by 5.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,063 shares of the transportation company's stock worth $326,000 after acquiring an additional 439 shares during the last quarter. Swiss National Bank grew its position in Alaska Air Group by 0.8% in the first quarter. Swiss National Bank now owns 63,200 shares of the transportation company's stock worth $2,717,000 after acquiring an additional 500 shares in the last quarter. Finally, CWM LLC increased its stake in Alaska Air Group by 13.0% in the second quarter. CWM LLC now owns 4,403 shares of the transportation company's stock valued at $178,000 after acquiring an additional 507 shares during the last quarter. Institutional investors own 81.90% of the company's stock.

Alaska Air Group Stock Down 0.3 %

Shares of NYSE ALK traded down $0.15 on Wednesday, reaching $45.83. 1,920,951 shares of the company's stock traded hands, compared to its average volume of 2,274,080. The company has a quick ratio of 0.66, a current ratio of 0.68 and a debt-to-equity ratio of 0.55. The business's 50 day simple moving average is $40.29 and its two-hundred day simple moving average is $40.57. Alaska Air Group, Inc. has a 12 month low of $30.75 and a 12 month high of $46.87. The company has a market cap of $5.82 billion, a price-to-earnings ratio of 24.59, a price-to-earnings-growth ratio of 0.66 and a beta of 1.60.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Evercore ISI cut their price objective on Alaska Air Group from $60.00 to $55.00 and set an "outperform" rating for the company in a report on Thursday, October 3rd. TD Cowen cut their price target on shares of Alaska Air Group from $52.00 to $50.00 and set a "buy" rating for the company in a research report on Thursday, October 3rd. Bank of America boosted their target price on Alaska Air Group from $50.00 to $55.00 and gave the company a "buy" rating in a research note on Friday, September 13th. Barclays assumed coverage on Alaska Air Group in a research report on Monday. They set an "overweight" rating and a $55.00 price target on the stock. Finally, Citigroup lowered their price objective on 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 investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $53.80.

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.