Creative Planning Has $2.26 Million Stock Position in Alaska Air Group, Inc. (NYSE:ALK)

Creative Planning decreased its stake in Alaska Air Group, Inc. (NYSE:ALK) by 3.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 49,996 shares of the transportation company’s stock after selling 1,533 shares during the quarter. Creative Planning’s holdings in Alaska Air Group were worth $2,260,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of ALK. Altshuler Shaham Ltd acquired a new position in shares of Alaska Air Group in the 2nd quarter valued at $28,000. Pacifica Partners Inc. boosted its position in shares of Alaska Air Group by 952.4% in the 3rd quarter. Pacifica Partners Inc. now owns 1,105 shares of the transportation company’s stock valued at $50,000 after purchasing an additional 1,000 shares during the period. Canada Pension Plan Investment Board acquired a new position in shares of Alaska Air Group in the 2nd quarter valued at $69,000. Halpern Financial Inc. acquired a new position in shares of Alaska Air Group in the 2nd quarter valued at $81,000. Finally, GAMMA Investing LLC boosted its position in shares of Alaska Air Group by 31.7% in the 2nd quarter. GAMMA Investing LLC now owns 2,602 shares of the transportation company’s stock valued at $105,000 after purchasing an additional 626 shares during the period. Institutional investors and hedge funds own 81.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Evercore ISI reduced their price objective on Alaska Air Group from $60.00 to $55.00 and set an “outperform” rating for the company in a research note on Thursday, October 3rd. TD Cowen decreased their price objective on Alaska Air Group from $52.00 to $50.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Citigroup decreased their price objective on 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. Morgan Stanley decreased their price objective on Alaska Air Group from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Monday, July 22nd. Finally, Barclays assumed coverage on Alaska Air Group in a research report on Monday, October 21st. They set an “overweight” rating and a $55.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Alaska Air Group has an average rating of “Moderate Buy” and an average target price of $53.80.

Alaska Air Group Stock Down 0.2 %

Shares of Alaska Air Group stock opened at $45.54 on Monday. The firm has a market cap of $5.78 billion, a price-to-earnings ratio of 24.35, a P/E/G ratio of 0.66 and a beta of 1.60. 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, Inc. has a 52-week low of $30.75 and a 52-week high of $46.87. The stock has a 50-day simple moving average of $40.93 and a 200-day simple moving average of $40.63.

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.