Plan Group Financial LLC Takes $356,000 Position in Alaska Air Group, Inc. (NYSE:ALK)

Plan Group Financial LLC bought a new stake in shares of Alaska Air Group, Inc. (NYSE:ALK) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,879 shares of the transportation company’s stock, valued at approximately $356,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of ALK. Jade Capital Advisors LLC lifted its stake in shares of Alaska Air Group by 337.5% during the 3rd quarter. Jade Capital Advisors LLC now owns 175,000 shares of the transportation company’s stock valued at $7,912,000 after buying an additional 135,000 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Alaska Air Group by 22.6% during the 3rd quarter. Blue Trust Inc. now owns 3,144 shares of the transportation company’s stock valued at $142,000 after buying an additional 579 shares in the last quarter. Clarius Group LLC lifted its stake in Alaska Air Group by 54.0% in the 3rd quarter. Clarius Group LLC now owns 31,304 shares of the transportation company’s stock worth $1,415,000 after purchasing an additional 10,982 shares in the last quarter. CWM LLC lifted its stake in Alaska Air Group by 224.4% in the 3rd quarter. CWM LLC now owns 14,285 shares of the transportation company’s stock worth $646,000 after purchasing an additional 9,882 shares in the last quarter. Finally, Pacifica Partners Inc. lifted its stake in Alaska Air Group by 952.4% in the 3rd quarter. Pacifica Partners Inc. now owns 1,105 shares of the transportation company’s stock worth $50,000 after purchasing an additional 1,000 shares in the last quarter. 81.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Evercore ISI lowered their target price on shares of Alaska Air Group from $60.00 to $55.00 and set an “outperform” rating on the stock in a research note on Thursday, October 3rd. Barclays assumed coverage on shares of Alaska Air Group in a research note on Monday. They issued an “overweight” rating and a $55.00 target price on the stock. Morgan Stanley lowered their target price on shares of Alaska Air Group from $75.00 to $70.00 and set an “overweight” rating on the stock in a research note on Monday, July 22nd. Susquehanna raised their price objective on shares of Alaska Air Group from $40.00 to $45.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Finally, Citigroup lowered their price objective on shares of Alaska Air Group from $51.00 to $48.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Alaska Air Group currently has an average rating of “Moderate Buy” and a consensus target price of $53.80.

Alaska Air Group Price Performance

ALK stock opened at $45.98 on Wednesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.66 and a current ratio of 0.68. Alaska Air Group, Inc. has a 52 week low of $30.75 and a 52 week high of $46.87. The firm’s fifty day moving average is $40.29 and its 200 day moving average is $40.57. The firm has a market cap of $5.83 billion, a P/E ratio of 24.59, a P/E/G ratio of 0.66 and a beta of 1.60.

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.