Mutual Advisors LLC Grows Stock Position in Alaska Air Group, Inc. (NYSE:ALK)

Mutual Advisors LLC raised its holdings in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 235.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,733 shares of the transportation company's stock after buying an additional 22,261 shares during the quarter. Mutual Advisors LLC's holdings in Alaska Air Group were worth $1,447,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of ALK. Dimensional Fund Advisors LP boosted its stake in Alaska Air Group by 5.8% during the second quarter. Dimensional Fund Advisors LP now owns 6,504,583 shares of the transportation company's stock worth $262,789,000 after buying an additional 357,907 shares during the last quarter. Boston Partners grew its holdings in shares of Alaska Air Group by 4.1% during the 1st quarter. Boston Partners now owns 3,966,594 shares of the transportation company's stock worth $170,533,000 after purchasing an additional 155,403 shares during the period. Point72 Asset Management L.P. increased its position in shares of Alaska Air Group by 8.0% during the 2nd quarter. Point72 Asset Management L.P. now owns 2,969,295 shares of the transportation company's stock worth $119,960,000 after purchasing an additional 220,030 shares during the last quarter. American Century Companies Inc. lifted its position in Alaska Air Group by 8.3% in the second quarter. American Century Companies Inc. now owns 1,590,078 shares of the transportation company's stock valued at $64,239,000 after buying an additional 122,325 shares during the last quarter. Finally, Clearbridge Investments LLC increased its position in shares of Alaska Air Group by 8.6% during the first quarter. Clearbridge Investments LLC now owns 1,063,379 shares of the transportation company's stock valued at $45,715,000 after acquiring an additional 83,868 shares during the last quarter. 81.90% of the stock is owned by hedge funds and other institutional investors.

Alaska Air Group Stock Performance

NYSE ALK traded up $1.32 during trading hours on Friday, hitting $49.23. The company had a trading volume of 3,586,766 shares, compared to its average volume of 2,278,252. The business has a 50 day moving average of $41.92 and a 200-day moving average of $40.80. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.66 and a current ratio of 0.68. Alaska Air Group, Inc. has a 1-year low of $31.44 and a 1-year high of $50.16. The company has a market cap of $6.21 billion, a PE ratio of 27.84, a price-to-earnings-growth ratio of 0.73 and a beta of 1.60.

Alaska Air Group (NYSE:ALK - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The transportation company reported $2.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.22 by $0.03. Alaska Air Group had a return on equity of 11.85% and a net margin of 2.14%. The firm had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3 billion. During the same quarter last year, the business posted $1.83 EPS. The firm's quarterly revenue was up 8.2% compared to the same quarter last year. As a group, equities research analysts expect that Alaska Air Group, Inc. will post 4.24 EPS for the current year.

Wall Street Analyst Weigh In

ALK has been the topic of a number of research analyst reports. Morgan Stanley reduced their price target on shares of 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. Susquehanna raised their price target 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. Citigroup decreased their target price on 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. Melius Research raised Alaska Air Group from a "hold" rating to a "buy" rating and set a $56.00 target price for the company in a research report on Monday. Finally, Evercore ISI reduced their price target on shares of Alaska Air Group from $60.00 to $55.00 and set an "outperform" rating on the stock in a research report on Thursday, October 3rd. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $54.17.

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.