Landscape Capital Management L.L.C. Invests $4.67 Million in Alaska Air Group, Inc. (NYSE:ALK)

Landscape Capital Management L.L.C. bought a new position in Alaska Air Group, Inc. (NYSE:ALK) during the third quarter, according to the company in its most recent filing with the SEC. The firm bought 103,362 shares of the transportation company’s stock, valued at approximately $4,673,000. Landscape Capital Management L.L.C. owned 0.08% of Alaska Air Group as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Altshuler Shaham Ltd purchased a new stake in Alaska Air Group during the 2nd quarter valued at $28,000. Venturi Wealth Management LLC boosted 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 acquiring an additional 474 shares in the last quarter. Pacifica Partners Inc. grew its stake in shares of Alaska Air Group by 952.4% in the third quarter. Pacifica Partners Inc. now owns 1,105 shares of the transportation company’s stock worth $50,000 after acquiring an additional 1,000 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Alaska Air Group during the third quarter valued at approximately $67,000. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Alaska Air Group in the 2nd quarter worth $69,000. Institutional investors own 81.90% of the company’s stock.

Alaska Air Group Stock Up 0.1 %

NYSE:ALK opened at $53.12 on Thursday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.60 and a quick ratio of 0.57. Alaska Air Group, Inc. has a 1-year low of $32.00 and a 1-year high of $54.01. The company has a 50-day moving average of $45.97 and a 200 day moving average of $41.56. The firm has a market cap of $6.74 billion, a PE ratio of 21.42, a price-to-earnings-growth ratio of 1.22 and a beta of 1.59.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $3 billion. Alaska Air Group had a return on equity of 12.81% and a net margin of 2.99%. The business’s revenue was up 8.2% compared to the same quarter last year. During the same period last year, the business posted $1.83 EPS. As a group, research analysts anticipate that Alaska Air Group, Inc. will post 4.26 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on ALK. Evercore ISI decreased their price objective 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. Melius upgraded Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a research note on Monday, October 28th. Barclays boosted their target price on Alaska Air Group from $55.00 to $80.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Melius Research upgraded shares of Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research report on Monday, October 28th. Finally, Citigroup decreased their price target on Alaska Air Group from $51.00 to $48.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $57.31.

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.