swisspartners Advisors Ltd Buys 7,210 Shares of Alaska Air Group, Inc. (NYSE:ALK)

swisspartners Advisors Ltd grew its holdings in Alaska Air Group, Inc. (NYSE:ALK) by 5.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 140,529 shares of the transportation company’s stock after purchasing an additional 7,210 shares during the period. Alaska Air Group comprises approximately 4.9% of swisspartners Advisors Ltd’s investment portfolio, making the stock its 10th biggest holding. swisspartners Advisors Ltd owned approximately 0.11% of Alaska Air Group worth $6,353,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its position in shares of Alaska Air Group by 5.8% in the second quarter. Dimensional Fund Advisors LP now owns 6,504,583 shares of the transportation company’s stock valued at $262,789,000 after acquiring an additional 357,907 shares during the period. Boston Partners raised its stake in Alaska Air Group by 4.1% during the first quarter. Boston Partners now owns 3,966,594 shares of the transportation company’s stock worth $170,533,000 after acquiring an additional 155,403 shares in the last quarter. Point72 Asset Management L.P. grew its holdings in shares of Alaska Air Group by 8.0% during the 2nd quarter. Point72 Asset Management L.P. now owns 2,969,295 shares of the transportation company’s stock valued at $119,960,000 after purchasing an additional 220,030 shares during the last quarter. American Century Companies Inc. lifted its stake in Alaska Air Group by 8.3% in the 2nd quarter. American Century Companies Inc. now owns 1,590,078 shares of the transportation company’s stock valued at $64,239,000 after purchasing an additional 122,325 shares during the last quarter. Finally, Clearbridge Investments LLC grew its stake in shares of Alaska Air Group by 8.6% during the first quarter. Clearbridge Investments LLC now owns 1,063,379 shares of the transportation company’s stock worth $45,715,000 after buying an additional 83,868 shares during the last quarter. Institutional investors own 81.90% of the company’s stock.

Alaska Air Group Stock Up 2.8 %

Shares of ALK stock traded up $1.32 during mid-day trading on Friday, reaching $49.23. 3,632,444 shares of the company’s stock traded hands, compared to its average volume of 2,278,467. The company has a quick ratio of 0.66, a current ratio of 0.68 and a debt-to-equity ratio of 0.55. The company’s 50-day moving average price is $42.20 and its 200-day moving average price is $40.86. The company has a market cap of $6.21 billion, a P/E ratio of 28.63, a P/E/G ratio of 0.73 and a beta of 1.60. Alaska Air Group, Inc. has a 12 month low of $31.44 and a 12 month high of $50.16.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings data on Thursday, October 31st. The transportation company reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.03. The business had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $3 billion. Alaska Air Group had a return on equity of 11.85% and a net margin of 2.14%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.83 earnings per share. On average, equities analysts expect that Alaska Air Group, Inc. will post 4.24 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ALK shares. TD Cowen cut their price objective on Alaska Air Group from $52.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. Bank of America raised their price objective on shares of Alaska Air Group from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, September 13th. Barclays assumed coverage on shares of Alaska Air Group in a report on Monday, October 21st. They issued an “overweight” rating and a $55.00 target price on the stock. Morgan Stanley cut their price target 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, Evercore ISI lowered their price target on shares of Alaska Air Group from $60.00 to $55.00 and set an “outperform” rating on the stock in a report on Thursday, October 3rd. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $54.17.

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.