Alaska Air Group, Inc. (NYSE:ALK) Shares Sold by Susquehanna Portfolio Strategies LLC

Susquehanna Portfolio Strategies LLC decreased its holdings in Alaska Air Group, Inc. (NYSE:ALK) by 1.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 173,195 shares of the transportation company’s stock after selling 2,000 shares during the period. Susquehanna Portfolio Strategies LLC owned about 0.14% of Alaska Air Group worth $6,997,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. Susquehanna Fundamental Investments LLC grew its stake in shares of Alaska Air Group by 4.3% in the second quarter. Susquehanna Fundamental Investments LLC now owns 29,306 shares of the transportation company’s stock worth $1,184,000 after acquiring an additional 1,208 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Alaska Air Group by 2.6% in the second quarter. The Manufacturers Life Insurance Company now owns 29,367 shares of the transportation company’s stock worth $1,186,000 after acquiring an additional 751 shares in the last quarter. AXA S.A. grew its stake in shares of Alaska Air Group by 106.6% in the second quarter. AXA S.A. now owns 30,367 shares of the transportation company’s stock worth $1,227,000 after acquiring an additional 15,667 shares in the last quarter. Alpha DNA Investment Management LLC acquired a new position in shares of Alaska Air Group in the second quarter worth $472,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Alaska Air Group in the second quarter worth $189,000. Institutional investors and hedge funds own 81.90% of the company’s stock.

Alaska Air Group Price Performance

Shares of NYSE:ALK opened at $45.01 on Friday. The stock has a market capitalization of $5.71 billion, a price-to-earnings ratio of 24.07, a PEG ratio of 0.54 and a beta of 1.59. Alaska Air Group, Inc. has a one year low of $30.75 and a one year high of $46.15. The company has a 50-day simple moving average of $37.56 and a 200-day simple moving average of $40.09. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.66 and a current ratio of 0.68.

Alaska Air Group (NYSE:ALK) last posted its quarterly earnings results on Thursday, July 18th. The transportation company reported $2.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.36 by $0.19. The firm had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Alaska Air Group had a net margin of 2.14% and a return on equity of 11.85%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the prior year, the company posted $3.00 earnings per share. On average, analysts predict that Alaska Air Group, Inc. will post 4.62 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on ALK shares. TD Cowen boosted their price target on shares of Alaska Air Group from $51.00 to $52.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. Morgan Stanley dropped 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 research note on Monday, July 22nd. Citigroup lowered their target price on shares of Alaska Air Group from $51.00 to $48.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Bank of America boosted their target price on shares of Alaska Air Group from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. Finally, Susquehanna reduced their price target on shares of Alaska Air Group from $42.00 to $41.00 and set a “neutral” rating for the company in a research report on Tuesday, July 16th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Alaska Air Group currently has an average rating of “Moderate Buy” and a consensus price target of $54.00.

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.