Entropy Technologies LP Has $1.24 Million Stock Holdings in Alaska Air Group, Inc. (NYSE:ALK)

Entropy Technologies LP grew its holdings in Alaska Air Group, Inc. (NYSE:ALK) by 358.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 27,428 shares of the transportation company’s stock after purchasing an additional 21,451 shares during the quarter. Entropy Technologies LP’s holdings in Alaska Air Group were worth $1,240,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Interval Partners LP raised its position in shares of Alaska Air Group by 100.0% in the 1st quarter. Interval Partners LP now owns 80,000 shares of the transportation company’s stock valued at $3,439,000 after acquiring an additional 40,000 shares during the period. Capital Research Global Investors acquired a new stake in shares of Alaska Air Group in the 1st quarter valued at about $36,993,000. Raymond James & Associates lifted its holdings in shares of Alaska Air Group by 13.5% in the second quarter. Raymond James & Associates now owns 283,581 shares of the transportation company’s stock valued at $11,457,000 after purchasing an additional 33,717 shares in the last quarter. Boston Partners lifted its stake in shares of Alaska Air Group by 4.1% during the 1st quarter. Boston Partners now owns 3,966,594 shares of the transportation company’s stock worth $170,533,000 after buying an additional 155,403 shares during the last quarter. Finally, Comerica Bank raised its holdings in Alaska Air Group by 88.0% in the 1st quarter. Comerica Bank now owns 174,178 shares of the transportation company’s stock valued at $7,488,000 after acquiring an additional 81,533 shares during the period. Institutional investors and hedge funds own 81.90% of the company’s stock.

Alaska Air Group Price Performance

Shares of ALK opened at $51.68 on Thursday. The business has a 50-day simple moving average of $44.55 and a two-hundred day simple moving average of $41.20. Alaska Air Group, Inc. has a 12-month low of $32.00 and a 12-month high of $52.70. The stock has a market cap of $6.56 billion, a PE ratio of 20.84, a PEG ratio of 1.16 and a beta of 1.59. The company has a quick ratio of 0.57, a current ratio of 0.60 and a debt-to-equity ratio of 0.93.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings data on Thursday, October 31st. The transportation company reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.03. Alaska Air Group had a return on equity of 12.81% and a net margin of 2.99%. The company had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3 billion. During the same quarter in the prior year, the firm posted $1.83 earnings per share. The firm’s revenue was up 8.2% compared to the same quarter last year. Analysts anticipate that Alaska Air Group, Inc. will post 4.26 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ALK has been the topic of several research reports. Melius Research raised Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a research report on Monday, October 28th. Melius raised Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a report on Monday, October 28th. TD Cowen decreased their price objective on shares of 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. Susquehanna upped their target price on Alaska Air Group from $40.00 to $45.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Finally, Bank of America lifted their price target on Alaska Air Group from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, September 13th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.17.

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.