American Century Companies Inc. Has $64.24 Million Stake in Alaska Air Group, Inc. (NYSE:ALK)

American Century Companies Inc. raised its position in Alaska Air Group, Inc. (NYSE:ALK) by 8.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,590,078 shares of the transportation company’s stock after acquiring an additional 122,325 shares during the quarter. American Century Companies Inc.’s holdings in Alaska Air Group were worth $64,239,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of ALK. Principal Securities Inc. acquired a new stake in Alaska Air Group in the 4th quarter valued at about $39,000. LifeSteps Financial Inc. acquired a new stake in shares of Alaska Air Group in the first quarter valued at approximately $65,000. Parallel Advisors LLC boosted its stake in shares of Alaska Air Group by 28.4% during the 4th quarter. Parallel Advisors LLC now owns 1,688 shares of the transportation company’s stock worth $66,000 after acquiring an additional 373 shares during the period. Halpern Financial Inc. acquired a new position in shares of Alaska Air Group during the 2nd quarter worth approximately $81,000. Finally, CVA Family Office LLC raised its stake in Alaska Air Group by 17.1% in the 1st quarter. CVA Family Office LLC now owns 2,230 shares of the transportation company’s stock valued at $96,000 after acquiring an additional 325 shares during the period. 81.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Susquehanna decreased their price objective on shares of Alaska Air Group from $42.00 to $41.00 and set a “neutral” rating on the stock in a report on Tuesday, July 16th. Citigroup lowered their price target on shares of Alaska Air Group from $51.00 to $48.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. TD Cowen boosted their price objective on Alaska Air Group from $51.00 to $52.00 and gave the stock a “buy” rating in a report on Friday. Morgan Stanley lowered their target price on Alaska Air Group from $75.00 to $70.00 and set an “overweight” rating on the stock in a research note on Monday, July 22nd. Finally, Bank of America boosted 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. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $54.00.

Alaska Air Group Stock Performance

Shares of NYSE:ALK opened at $41.64 on Monday. Alaska Air Group, Inc. has a 1 year low of $30.75 and a 1 year high of $46.15. The stock has a market capitalization of $5.25 billion, a price-to-earnings ratio of 22.27, a price-to-earnings-growth ratio of 0.60 and a beta of 1.59. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.68 and a quick ratio of 0.66. The company’s 50 day simple moving average is $36.88 and its 200 day simple moving average is $39.81.

Alaska Air Group (NYSE:ALK) last posted its quarterly earnings results on Thursday, July 18th. The transportation company reported $2.55 EPS for the quarter, topping analysts’ consensus estimates of $2.36 by $0.19. The company had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Alaska Air Group had a return on equity of 11.85% and a net margin of 2.14%. Alaska Air Group’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.00 EPS. As a group, research analysts predict that Alaska Air Group, Inc. will post 4.17 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.