Susquehanna Fundamental Investments LLC Grows Position in Alaska Air Group, Inc. (NYSE:ALK)

Susquehanna Fundamental Investments LLC lifted its stake in Alaska Air Group, Inc. (NYSE:ALK) by 4.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,306 shares of the transportation company’s stock after buying an additional 1,208 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in Alaska Air Group were worth $1,184,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of ALK. Norges Bank purchased a new position in shares of Alaska Air Group in the fourth quarter worth $13,434,000. Parallel Advisors LLC lifted its holdings in shares of Alaska Air Group by 28.4% in the fourth quarter. Parallel Advisors LLC now owns 1,688 shares of the transportation company’s stock worth $66,000 after buying an additional 373 shares in the last quarter. Treasurer of the State of North Carolina lifted its holdings in shares of Alaska Air Group by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 55,599 shares of the transportation company’s stock worth $2,172,000 after buying an additional 550 shares in the last quarter. Peapack Gladstone Financial Corp purchased a new position in shares of Alaska Air Group in the fourth quarter worth $221,000. Finally, Pinebridge Investments L.P. purchased a new position in shares of Alaska Air Group in the fourth quarter worth $1,144,000. Hedge funds and other institutional investors own 81.90% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. 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 report on Friday, September 13th. TD Cowen upped their price target on shares of Alaska Air Group from $51.00 to $52.00 and gave the company a “buy” rating in a research note on Friday, September 13th. Morgan Stanley decreased 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 note on Monday, July 22nd. Citigroup decreased 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 research note on Thursday, August 29th. Finally, Susquehanna decreased their price target on shares of Alaska Air Group from $42.00 to $41.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 16th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $54.00.

Alaska Air Group Trading Down 0.2 %

Shares of ALK opened at $45.12 on Wednesday. Alaska Air Group, Inc. has a twelve month low of $30.75 and a twelve month high of $46.15. The company has a market cap of $5.73 billion, a P/E ratio of 24.13, a P/E/G ratio of 0.54 and a beta of 1.59. The company has a current ratio of 0.68, a quick ratio of 0.66 and a debt-to-equity ratio of 0.55. The company’s fifty day simple moving average is $37.83 and its 200-day simple moving average is $40.20.

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