Alaska Air Group, Inc. (NYSE:ALK) Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. boosted its holdings in Alaska Air Group, Inc. (NYSE:ALK) by 2,087.8% in the third quarter, HoldingsChannel.com reports. The firm owned 762,889 shares of the transportation company’s stock after acquiring an additional 728,019 shares during the period. Assenagon Asset Management S.A.’s holdings in Alaska Air Group were worth $34,490,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Altshuler Shaham Ltd bought a new position in shares of Alaska Air Group in the 2nd quarter worth about $28,000. Pacifica Partners Inc. grew its position in shares of Alaska Air Group by 952.4% during the 3rd quarter. Pacifica Partners Inc. now owns 1,105 shares of the transportation company’s stock valued at $50,000 after buying an additional 1,000 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in Alaska Air Group during the second quarter worth about $69,000. Halpern Financial Inc. bought a new position in Alaska Air Group in the second quarter worth about $81,000. Finally, GAMMA Investing LLC boosted its stake in Alaska Air Group by 31.7% in the second quarter. GAMMA Investing LLC now owns 2,602 shares of the transportation company’s stock valued at $105,000 after acquiring an additional 626 shares during the period. Institutional investors own 81.90% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ALK. Bank of America increased their price target on Alaska Air Group from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. TD Cowen dropped their target price on Alaska Air Group from $52.00 to $50.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. Barclays began coverage on shares of Alaska Air Group in a report on Monday. They set an “overweight” rating and a $55.00 price target for the company. Morgan Stanley dropped their price objective on shares of Alaska Air Group from $75.00 to $70.00 and set an “overweight” rating on the stock in a report on Monday, July 22nd. Finally, Susquehanna boosted their target price on shares of Alaska Air Group from $40.00 to $45.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $53.80.

Alaska Air Group Stock Down 0.5 %

ALK stock opened at $45.60 on Friday. The firm’s 50-day moving average is $40.71 and its two-hundred day moving average is $40.64. The company has a market capitalization of $5.79 billion, a price-to-earnings ratio of 24.39, a price-to-earnings-growth ratio of 0.66 and a beta of 1.60. Alaska Air Group, Inc. has a 52 week low of $30.75 and a 52 week high of $46.87. 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 Company 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.