Thompson Siegel & Walmsley LLC Purchases 18,982 Shares of Alaska Air Group, Inc. (NYSE:ALK)

Thompson Siegel & Walmsley LLC boosted its holdings in Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 5.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 339,151 shares of the transportation company's stock after acquiring an additional 18,982 shares during the quarter. Thompson Siegel & Walmsley LLC owned 0.27% of Alaska Air Group worth $15,333,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Sei Investments Co. lifted its holdings in shares of Alaska Air Group by 23.3% in the first quarter. Sei Investments Co. now owns 60,538 shares of the transportation company's stock valued at $2,602,000 after purchasing an additional 11,447 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new position in Alaska Air Group during the 1st quarter worth $280,000. CANADA LIFE ASSURANCE Co boosted its holdings in Alaska Air Group by 2.9% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 97,752 shares of the transportation company's stock worth $4,200,000 after acquiring an additional 2,726 shares during the last quarter. Capital Research Global Investors bought a new stake in shares of Alaska Air Group in the 1st quarter worth $36,993,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Alaska Air Group by 5.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 69,382 shares of the transportation company's stock valued at $2,983,000 after purchasing an additional 3,652 shares during the last quarter. Institutional investors and hedge funds own 81.90% of the company's stock.

Alaska Air Group Stock Performance

ALK traded down $0.81 on Thursday, hitting $52.33. The company's stock had a trading volume of 869,650 shares, compared to its average volume of 2,264,203. Alaska Air Group, Inc. has a 12 month low of $32.00 and a 12 month high of $54.01. The firm has a market cap of $6.64 billion, a P/E ratio of 21.23, a price-to-earnings-growth ratio of 1.21 and a beta of 1.59. The company has a quick ratio of 0.57, a current ratio of 0.60 and a debt-to-equity ratio of 0.93. The company's 50 day simple moving average is $45.97 and its 200-day simple moving average is $41.56.

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

Analyst Ratings Changes

ALK has been the subject of a number of recent analyst reports. TD Cowen reduced their price objective on shares of Alaska Air Group from $52.00 to $50.00 and set a "buy" rating for the company in a research report on Thursday, October 3rd. Citigroup reduced their target price on Alaska Air Group from $51.00 to $48.00 and set a "buy" rating for the company in a report on Thursday, August 29th. Melius Research upgraded 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. Melius raised Alaska Air Group from a "hold" rating to a "buy" rating and set a $56.00 price objective on the stock in a research report on Monday, October 28th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and set a $70.00 target price on shares of Alaska Air Group in a research report on Friday, November 15th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $57.31.

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.