45,370 Shares in Alaska Air Group, Inc. (NYSE:ALK) Bought by Qsemble Capital Management LP

Qsemble Capital Management LP purchased a new stake in Alaska Air Group, Inc. (NYSE:ALK) in the second quarter, HoldingsChannel.com reports. The firm purchased 45,370 shares of the transportation company’s stock, valued at approximately $1,833,000.

Several other institutional investors have also added to or reduced their stakes in the business. Principal Securities Inc. acquired a new position in shares of Alaska Air Group during the fourth quarter valued at about $39,000. LifeSteps Financial Inc. acquired a new position in Alaska Air Group during the 1st quarter valued at approximately $65,000. Parallel Advisors LLC increased its stake in Alaska Air Group by 28.4% during the 4th quarter. Parallel Advisors LLC now owns 1,688 shares of the transportation company’s stock valued at $66,000 after purchasing an additional 373 shares in the last quarter. Halpern Financial Inc. purchased a new position in shares of Alaska Air Group in the second quarter worth $81,000. Finally, CVA Family Office LLC lifted its stake in shares of Alaska Air Group by 17.1% during the first quarter. CVA Family Office LLC now owns 2,230 shares of the transportation company’s stock worth $96,000 after buying an additional 325 shares during the period. Institutional investors and hedge funds own 81.90% of the company’s stock.

Alaska Air Group Trading Down 0.8 %

Alaska Air Group stock opened at $39.50 on Thursday. The firm has a market cap of $5.01 billion, a PE ratio of 21.12, a P/E/G ratio of 0.70 and a beta of 1.59. Alaska Air Group, Inc. has a 12 month low of $30.75 and a 12 month high of $46.15. The stock’s 50 day simple moving average is $36.82 and its two-hundred day simple moving average is $39.76. The company has a current ratio of 0.68, a quick ratio of 0.66 and a debt-to-equity ratio of 0.55.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings results on Thursday, July 18th. The transportation company reported $2.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.36 by $0.19. Alaska Air Group had a net margin of 2.14% and a return on equity of 11.85%. The firm had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the prior year, the firm posted $3.00 earnings per share. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. Analysts anticipate that Alaska Air Group, Inc. will post 4.06 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Susquehanna cut their target price on Alaska Air Group from $42.00 to $41.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 16th. Morgan Stanley cut their price objective on Alaska Air Group from $75.00 to $70.00 and set an “overweight” rating on the stock in a report on Monday, July 22nd. TD Cowen decreased their target price on Alaska Air Group from $58.00 to $51.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Citigroup cut 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. Finally, Wolfe Research upgraded shares of Alaska Air Group from a “peer perform” rating to an “outperform” rating and set a $55.00 price objective for the company in a research note on Friday, May 17th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Alaska Air Group presently has a consensus rating of “Moderate Buy” and an average target price of $54.00.

Alaska Air Group Profile

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.