International Assets Investment Management LLC Invests $86.27 Million in Alaska Air Group, Inc. (NYSE:ALK)

International Assets Investment Management LLC bought a new stake in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 190,829 shares of the transportation company's stock, valued at approximately $86,270,000. International Assets Investment Management LLC owned approximately 0.15% of Alaska Air Group at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in ALK. Altshuler Shaham Ltd acquired a new stake in shares of Alaska Air Group during the second quarter valued at $28,000. Pacifica Partners Inc. boosted its stake in shares of Alaska Air Group by 952.4% during the 3rd quarter. Pacifica Partners Inc. now owns 1,105 shares of the transportation company's stock worth $50,000 after purchasing an additional 1,000 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Alaska Air Group during the 2nd quarter worth about $69,000. Halpern Financial Inc. purchased a new stake in shares of Alaska Air Group during the second quarter worth about $81,000. Finally, GAMMA Investing LLC raised its position in shares of Alaska Air Group by 31.7% in the second 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 last quarter. 81.90% of the stock is currently owned by hedge funds and other institutional investors.

Alaska Air Group Stock Down 0.2 %

Shares of NYSE:ALK traded down $0.07 during midday trading on Friday, hitting $45.54. 1,356,980 shares of the company's stock traded hands, compared to its average volume of 2,268,947. Alaska Air Group, Inc. has a twelve month low of $30.75 and a twelve month high of $46.87. The company has a market cap of $5.78 billion, a PE ratio of 24.35, a P/E/G ratio of 0.66 and a beta of 1.60. 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 firm's fifty day moving average price is $40.93 and its two-hundred day moving average price is $40.63.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ALK. Barclays initiated coverage on shares of Alaska Air Group in a research report on Monday, October 21st. They set an "overweight" rating and a $55.00 target price on the stock. Morgan Stanley lowered their price objective on 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. Susquehanna increased their target price on Alaska Air Group from $40.00 to $45.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 9th. Evercore ISI decreased their price target on Alaska Air Group from $60.00 to $55.00 and set an "outperform" rating on the stock in a research note on Thursday, October 3rd. Finally, Citigroup dropped 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 note on Thursday, August 29th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Alaska Air Group has an average rating of "Moderate Buy" and an average price target 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.