Alaska Air Group, Inc. (NYSE:ALK) Shares Sold by Pathstone Holdings LLC

Pathstone Holdings LLC cut its stake in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 37.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 29,019 shares of the transportation company's stock after selling 17,320 shares during the quarter. Pathstone Holdings LLC's holdings in Alaska Air Group were worth $1,312,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Altshuler Shaham Ltd bought a new position in Alaska Air Group in the 2nd quarter worth approximately $28,000. Venturi Wealth Management LLC grew its stake in Alaska Air Group by 86.0% during the third quarter. Venturi Wealth Management LLC now owns 1,025 shares of the transportation company's stock valued at $46,000 after acquiring an additional 474 shares in the last quarter. Pacifica Partners Inc. increased its holdings in Alaska Air Group by 952.4% in the 3rd quarter. Pacifica Partners Inc. now owns 1,105 shares of the transportation company's stock valued at $50,000 after acquiring an additional 1,000 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in Alaska Air Group in the 3rd quarter worth $67,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of Alaska Air Group during the 2nd quarter valued at about $69,000. Institutional investors own 81.90% of the company's stock.

Alaska Air Group Trading Down 0.2 %

Alaska Air Group stock traded down $0.08 during trading hours on Friday, hitting $52.60. The company had a trading volume of 649,327 shares, compared to its average volume of 2,240,781. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.57 and a current ratio of 0.60. The firm has a market cap of $6.68 billion, a P/E ratio of 21.26, a P/E/G ratio of 1.20 and a beta of 1.59. The company has a 50-day moving average price of $47.44 and a two-hundred day moving average price of $41.95. Alaska Air Group, Inc. has a 1 year low of $32.00 and a 1 year high of $54.14.

Alaska Air Group (NYSE:ALK - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The transportation company reported $2.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.22 by $0.03. The firm had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3 billion. Alaska Air Group had a return on equity of 12.81% and a net margin of 2.99%. Alaska Air Group's quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.83 earnings per share. On average, sell-side analysts anticipate that Alaska Air Group, Inc. will post 4.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ALK has been the topic of a number of research reports. Evercore ISI reduced their price objective 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. Citigroup reduced their target price on shares of Alaska Air Group from $51.00 to $48.00 and set a "buy" rating on the stock in a report on Thursday, August 29th. TD Cowen lowered 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 report on Thursday, October 3rd. Susquehanna boosted their price objective on Alaska Air Group from $40.00 to $45.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 9th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and issued a $70.00 price objective on shares of Alaska Air Group in a research note on Friday, November 15th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Alaska Air Group currently has an average rating of "Moderate Buy" and an average target price of $58.69.

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.