Alaska Air Group, Inc. (NYSE:ALK) Shares Bought by Versor Investments LP

Versor Investments LP grew its holdings in shares of Alaska Air Group, Inc. (NYSE:ALK) by 113.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,300 shares of the transportation company’s stock after buying an additional 16,100 shares during the quarter. Versor Investments LP’s holdings in Alaska Air Group were worth $1,370,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ALK. Venturi Wealth Management LLC lifted its stake in Alaska Air Group by 86.0% during the third quarter. Venturi Wealth Management LLC now owns 1,025 shares of the transportation company’s stock worth $46,000 after purchasing an additional 474 shares during the last quarter. Jag Capital Management LLC lifted its stake in Alaska Air Group by 2.2% during the third quarter. Jag Capital Management LLC now owns 73,270 shares of the transportation company’s stock worth $3,313,000 after purchasing an additional 1,574 shares during the last quarter. Verdence Capital Advisors LLC lifted its stake in Alaska Air Group by 2.2% during the third quarter. Verdence Capital Advisors LLC now owns 10,180 shares of the transportation company’s stock worth $460,000 after purchasing an additional 215 shares during the last quarter. Capital Performance Advisors LLP bought a new position in Alaska Air Group during the third quarter worth $67,000. Finally, Concurrent Investment Advisors LLC lifted its stake in Alaska Air Group by 3.7% during the third quarter. Concurrent Investment Advisors LLC now owns 8,770 shares of the transportation company’s stock worth $397,000 after purchasing an additional 309 shares during the last quarter. 81.90% of the stock is currently owned by hedge funds and other institutional investors.

Alaska Air Group Price Performance

Shares of Alaska Air Group stock opened at $51.84 on Tuesday. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 0.93. The company’s 50-day moving average price is $43.93 and its two-hundred day moving average price is $41.07. Alaska Air Group, Inc. has a 52 week low of $32.00 and a 52 week high of $52.19. The stock has a market cap of $6.54 billion, a PE ratio of 20.90, a price-to-earnings-growth ratio of 1.15 and a beta of 1.59.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings results on Thursday, October 31st. The transportation company reported $2.25 EPS for the quarter, topping the consensus estimate of $2.22 by $0.03. Alaska Air Group had a net margin of 2.99% and a return on equity of 12.81%. The firm had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $3 billion. During the same period in the previous year, the business earned $1.83 earnings per share. Alaska Air Group’s revenue for the quarter was up 8.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Alaska Air Group, Inc. will post 4.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ALK has been the topic of several research analyst reports. Melius Research upgraded Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a research note on Monday, October 28th. Morgan Stanley reduced their price target on shares of Alaska Air Group from $75.00 to $70.00 and set an “overweight” rating for the company in a report on Monday, July 22nd. Evercore ISI reduced their price target on shares of Alaska Air Group from $60.00 to $55.00 and set an “outperform” rating for the company in a report on Thursday, October 3rd. Susquehanna boosted their price target on shares of Alaska Air Group from $40.00 to $45.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Finally, TD Cowen reduced their price target on shares of Alaska Air Group from $52.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.