Capital Advisors Wealth Management LLC Invests $202,000 in Alaska Air Group, Inc. (NYSE:ALK)

Capital Advisors Wealth Management LLC purchased a new position in shares of Alaska Air Group, Inc. (NYSE:ALKFree Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 3,797 shares of the transportation company’s stock, valued at approximately $202,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Clearbridge Investments LLC bought a new position in Alaska Air Group during the 1st quarter valued at $62,390,000. Victory Capital Management Inc. lifted its holdings in shares of Alaska Air Group by 14.9% during the first quarter. Victory Capital Management Inc. now owns 7,988,847 shares of the transportation company’s stock valued at $335,212,000 after purchasing an additional 1,033,135 shares during the last quarter. Wellington Management Group LLP purchased a new position in Alaska Air Group in the 1st quarter worth about $30,293,000. Norges Bank acquired a new stake in shares of Alaska Air Group during the fourth quarter valued at approximately $30,980,000. Finally, Renaissance Technologies LLC raised its stake in Alaska Air Group by 196.6% during the 4th quarter. Renaissance Technologies LLC now owns 854,000 shares of the transportation company’s stock valued at $36,671,000 after purchasing an additional 566,100 shares during the period. Institutional investors own 80.58% of the company’s stock.

Alaska Air Group Price Performance

Shares of Alaska Air Group stock opened at $38.88 on Tuesday. The firm has a market cap of $4.95 billion, a P/E ratio of 31.61, a price-to-earnings-growth ratio of 0.49 and a beta of 1.55. The firm’s 50-day simple moving average is $45.76 and its 200-day simple moving average is $45.48. Alaska Air Group, Inc. has a twelve month low of $37.19 and a twelve month high of $57.18. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.61 and a current ratio of 0.63.

Alaska Air Group (NYSE:ALKGet Free Report) last released its quarterly earnings data on Tuesday, July 25th. The transportation company reported $3.00 earnings per share for the quarter, beating analysts’ consensus estimates of $2.71 by $0.29. Alaska Air Group had a return on equity of 19.66% and a net margin of 1.55%. The company had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.77 billion. During the same period in the previous year, the business earned $2.19 earnings per share. The company’s quarterly revenue was up 6.8% on a year-over-year basis. As a group, research analysts expect that Alaska Air Group, Inc. will post 6.19 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Bank of America upped their price target on shares of Alaska Air Group from $58.00 to $62.00 in a research note on Monday, June 26th. Citigroup lifted their target price on shares of Alaska Air Group from $58.50 to $64.25 in a research note on Tuesday, July 11th. Susquehanna decreased their price objective on shares of Alaska Air Group from $65.00 to $58.00 in a report on Wednesday, July 26th. The Goldman Sachs Group dropped their price target on shares of Alaska Air Group from $63.00 to $61.00 and set a “buy” rating on the stock in a research report on Tuesday, July 25th. Finally, Barclays dropped their price objective on Alaska Air Group from $66.00 to $62.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 25th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Alaska Air Group has an average rating of “Moderate Buy” and an average price target of $65.03.

Read Our Latest Stock Report on ALK

Alaska Air Group Company Profile

(Free Report)

Alaska Air Group, Inc, through its subsidiaries, operated airlines. The company operates through three segments: Mainline, Regional, and Horizon. The company offers scheduled air transportation services on Boeing and Airbus jet aircraft for passengers and cargo throughout the United States, and in parts of Mexico, Costa Rica, and Belize; and for passengers across a shorter distance network within the United States and Canada.

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Institutional Ownership by Quarter for Alaska Air Group (NYSE:ALK)

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