Zurcher Kantonalbank Zurich Cantonalbank Acquires 439 Shares of Alaska Air Group, Inc. (NYSE:ALK)

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Alaska Air Group, Inc. (NYSE:ALK) by 5.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,063 shares of the transportation company’s stock after buying an additional 439 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Alaska Air Group were worth $326,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Principal Securities Inc. bought a new stake in shares of Alaska Air Group during the 4th quarter valued at $39,000. LifeSteps Financial Inc. acquired a new stake in shares of Alaska Air Group during the first quarter worth $65,000. Parallel Advisors LLC increased its holdings in Alaska Air Group by 28.4% in the fourth quarter. Parallel Advisors LLC now owns 1,688 shares of the transportation company’s stock valued at $66,000 after purchasing an additional 373 shares during the last quarter. Halpern Financial Inc. acquired a new position in Alaska Air Group in the second quarter valued at about $81,000. Finally, CVA Family Office LLC boosted its holdings in Alaska Air Group by 17.1% during the first quarter. CVA Family Office LLC now owns 2,230 shares of the transportation company’s stock worth $96,000 after buying an additional 325 shares during the last quarter. 81.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on ALK shares. Susquehanna lowered their price target on Alaska Air Group from $42.00 to $41.00 and set a “neutral” rating for the company in a research note on Tuesday, July 16th. TD Cowen lowered their target price on shares of Alaska Air Group from $58.00 to $51.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Morgan Stanley reduced 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 research report on Monday, July 22nd. Citigroup lowered their price objective on shares of Alaska Air Group from $51.00 to $48.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Finally, Wolfe Research upgraded Alaska Air Group from a “peer perform” rating to an “outperform” rating and set a $55.00 target price on the stock in a report on Friday, May 17th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $54.00.

Alaska Air Group Stock Performance

ALK opened at $37.59 on Friday. The company has a market capitalization of $4.77 billion, a price-to-earnings ratio of 20.10, a P/E/G ratio of 0.67 and a beta of 1.59. The business’s 50-day moving average price is $36.84 and its two-hundred day moving average price is $39.75. Alaska Air Group, Inc. has a 1 year low of $30.75 and a 1 year high of $46.15. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.68 and a quick ratio of 0.66.

Alaska Air Group (NYSE:ALK) last announced its earnings results on Thursday, July 18th. The transportation company reported $2.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.36 by $0.19. Alaska Air Group had a return on equity of 11.85% and a net margin of 2.14%. The business had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same quarter last year, the firm earned $3.00 EPS. Alaska Air Group’s revenue for the quarter was up 2.1% compared to the same quarter last year. Equities analysts expect that Alaska Air Group, Inc. will post 4.08 EPS for the current fiscal year.

Alaska Air Group Company 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.