Quantinno Capital Management LP Increases Stake in Alaska Air Group, Inc. (NYSE:ALK)

Quantinno Capital Management LP raised its stake in Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 67.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 81,324 shares of the transportation company's stock after buying an additional 32,766 shares during the period. Quantinno Capital Management LP owned about 0.06% of Alaska Air Group worth $3,677,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its stake in Alaska Air Group by 5.8% in the second quarter. Dimensional Fund Advisors LP now owns 6,504,583 shares of the transportation company's stock worth $262,789,000 after purchasing an additional 357,907 shares in the last quarter. Point72 Asset Management L.P. grew 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 buying an additional 220,030 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Alaska Air Group by 0.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,593,756 shares of the transportation company's stock valued at $72,054,000 after purchasing an additional 6,977 shares in the last quarter. American Century Companies Inc. grew its stake 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 purchasing an additional 122,325 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Alaska Air Group by 45.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,422,247 shares of the transportation company's stock worth $64,300,000 after purchasing an additional 442,331 shares in the last quarter. 81.90% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Citigroup lowered their price target 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. Melius Research raised 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 report on Monday, October 28th. UBS Group reissued a "buy" rating and issued a $72.00 price objective on shares of Alaska Air Group in a research report on Tuesday, November 26th. Bank of America upped their target price on Alaska Air Group from $50.00 to $55.00 and gave the company a "buy" rating in a research report on Friday, September 13th. Finally, TD Cowen raised their price target on Alaska Air Group from $50.00 to $68.00 and gave the stock a "buy" rating in a report on Wednesday, December 4th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, Alaska Air Group has a consensus rating of "Moderate Buy" and a consensus price target of $60.08.

Alaska Air Group Stock Performance

ALK stock traded down $0.18 during trading on Monday, hitting $54.16. 2,366,747 shares of the company traded hands, compared to its average volume of 2,238,493. Alaska Air Group, Inc. has a 1 year low of $32.62 and a 1 year high of $56.95. The company has a market cap of $6.88 billion, a PE ratio of 21.91, a P/E/G ratio of 1.23 and a beta of 1.60. The stock's 50-day simple moving average is $48.79 and its 200 day simple moving average is $42.36. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.60 and a quick ratio of 0.57.

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

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.