Brighton Jones LLC Has $204,000 Stake in Alaska Air Group, Inc. (NYSE:ALK)

Brighton Jones LLC lowered its stake in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 97.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,516 shares of the transportation company's stock after selling 173,950 shares during the quarter. Brighton Jones LLC's holdings in Alaska Air Group were worth $204,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC bought a new stake in shares of Alaska Air Group in the first quarter valued at approximately $217,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Alaska Air Group during the 1st quarter worth about $499,000. Janney Montgomery Scott LLC raised its position in shares of Alaska Air Group by 3.2% during the first quarter. Janney Montgomery Scott LLC now owns 17,780 shares of the transportation company's stock valued at $764,000 after buying an additional 559 shares during the last quarter. swisspartners Advisors Ltd lifted its stake in shares of Alaska Air Group by 3.4% in the first quarter. swisspartners Advisors Ltd now owns 130,209 shares of the transportation company's stock valued at $5,598,000 after buying an additional 4,270 shares during the period. Finally, Oppenheimer & Co. Inc. grew its holdings in shares of Alaska Air Group by 31.7% during the 1st quarter. Oppenheimer & Co. Inc. now owns 42,133 shares of the transportation company's stock worth $1,811,000 after purchasing an additional 10,137 shares in the last quarter. Institutional investors and hedge funds own 81.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on ALK shares. Melius upgraded shares of Alaska Air Group from a "hold" rating to a "buy" rating and set a $56.00 price target on the stock in a research note on Monday. Barclays initiated coverage on shares of Alaska Air Group in a research report on Monday, October 21st. They issued an "overweight" rating and a $55.00 price target for the company. Morgan Stanley lowered their price objective on Alaska Air Group from $75.00 to $70.00 and set an "overweight" rating on the stock in a research note on Monday, July 22nd. Citigroup cut their target price 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. Finally, Susquehanna upped their price target on Alaska Air Group from $40.00 to $45.00 and gave the company a "neutral" rating in a research report on Wednesday, October 9th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, Alaska Air Group currently has an average rating of "Moderate Buy" and an average price target of $54.17.

Alaska Air Group Stock Up 3.4 %

Shares of NYSE ALK traded up $1.56 during mid-day trading on Monday, reaching $47.10. 1,835,256 shares of the company's stock were exchanged, compared to its average volume of 2,266,860. The company has a current ratio of 0.68, a quick ratio of 0.66 and a debt-to-equity ratio of 0.55. The business has a fifty day simple moving average of $40.93 and a 200 day simple moving average of $40.63. Alaska Air Group, Inc. has a twelve month low of $30.75 and a twelve month high of $47.45. The firm has a market capitalization of $5.98 billion, a price-to-earnings ratio of 25.24, a PEG ratio of 0.66 and a beta of 1.60.

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.