SG Americas Securities LLC Sells 14,466 Shares of Alaska Air Group, Inc. (NYSE:ALK)

SG Americas Securities LLC trimmed its holdings in shares of Alaska Air Group, Inc. (NYSE:ALK) by 75.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,674 shares of the transportation company’s stock after selling 14,466 shares during the quarter. SG Americas Securities LLC’s holdings in Alaska Air Group were worth $211,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. bought a new position in Alaska Air Group during the second quarter worth about $189,000. American Trust increased its position in Alaska Air Group by 17.3% during the second quarter. American Trust now owns 6,562 shares of the transportation company’s stock worth $265,000 after acquiring an additional 966 shares during the period. Point72 Asset Management L.P. increased its position in Alaska Air Group by 8.0% during the second quarter. Point72 Asset Management L.P. now owns 2,969,295 shares of the transportation company’s stock worth $119,960,000 after acquiring an additional 220,030 shares during the period. Creative Planning increased its position in Alaska Air Group by 5.2% during the second quarter. Creative Planning now owns 51,529 shares of the transportation company’s stock worth $2,082,000 after acquiring an additional 2,538 shares during the period. Finally, MidWestOne Financial Group Inc. increased its position in Alaska Air Group by 3.5% during the second quarter. MidWestOne Financial Group Inc. now owns 32,887 shares of the transportation company’s stock worth $1,329,000 after acquiring an additional 1,097 shares during the period. 81.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ALK. Bank of America raised their price target on shares of Alaska Air Group from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Susquehanna raised their target price on shares of Alaska Air Group from $40.00 to $45.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Citigroup decreased their target price 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. Morgan Stanley decreased their target price on shares of Alaska Air Group from $75.00 to $70.00 and set an “overweight” rating on the stock in a report on Monday, July 22nd. Finally, Barclays began coverage on shares of Alaska Air Group in a report on Monday. They issued an “overweight” rating and a $55.00 target price on the stock. Four 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, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $53.80.

Alaska Air Group Trading Down 0.1 %

Shares of Alaska Air Group stock opened at $45.99 on Wednesday. The firm has a market capitalization of $5.84 billion, a PE ratio of 24.59, a price-to-earnings-growth ratio of 0.66 and a beta of 1.60. 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 firm’s 50 day moving average is $40.08 and its 200 day moving average is $40.54. Alaska Air Group, Inc. has a 1 year low of $30.75 and a 1 year high of $46.87.

Alaska Air Group 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.