Natixis Advisors LLC Buys 6,734 Shares of Alaska Air Group, Inc. (NYSE:ALK)

Natixis Advisors LLC increased its stake in shares of Alaska Air Group, Inc. (NYSE:ALK) by 54.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,147 shares of the transportation company’s stock after acquiring an additional 6,734 shares during the quarter. Natixis Advisors LLC’s holdings in Alaska Air Group were worth $866,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of ALK. Dimensional Fund Advisors LP increased its stake in shares of Alaska Air Group by 5.8% during the second quarter. Dimensional Fund Advisors LP now owns 6,504,583 shares of the transportation company’s stock valued at $262,789,000 after buying an additional 357,907 shares during the period. Boston Partners increased its position in Alaska Air Group by 4.1% during the 1st quarter. Boston Partners now owns 3,966,594 shares of the transportation company’s stock valued at $170,533,000 after purchasing an additional 155,403 shares during the period. Point72 Asset Management L.P. raised its holdings in Alaska Air Group by 8.0% in the 2nd quarter. Point72 Asset Management L.P. now owns 2,969,295 shares of the transportation company’s stock worth $119,960,000 after purchasing an additional 220,030 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Alaska Air Group by 8.3% in the 2nd quarter. American Century Companies Inc. now owns 1,590,078 shares of the transportation company’s stock worth $64,239,000 after purchasing an additional 122,325 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of Alaska Air Group by 0.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,016,106 shares of the transportation company’s stock valued at $41,051,000 after purchasing an additional 8,423 shares in the last quarter. 81.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ALK has been the subject of several research analyst reports. Bank of America raised their price objective 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. Melius Research upgraded Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research report on Monday, October 28th. Evercore ISI decreased their price objective on Alaska Air Group from $60.00 to $55.00 and set an “outperform” rating for the company in a report on Thursday, October 3rd. TD Cowen dropped their target price on shares of Alaska Air Group from $52.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Finally, Melius upgraded shares of Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a research note on Monday, October 28th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $58.69.

Alaska Air Group Stock Performance

Shares of ALK opened at $52.65 on Thursday. Alaska Air Group, Inc. has a 12 month low of $32.00 and a 12 month high of $54.14. The business’s fifty day simple moving average is $46.92 and its two-hundred day simple moving average is $41.80. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 0.93. The company has a market cap of $6.68 billion, a price-to-earnings ratio of 21.32, a P/E/G ratio of 1.21 and a beta of 1.59.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings data on Thursday, October 31st. The transportation company reported $2.25 EPS for the quarter, topping the consensus estimate of $2.22 by $0.03. The company had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3 billion. Alaska Air Group had a return on equity of 12.81% and a net margin of 2.99%. Alaska Air Group’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period last year, the company earned $1.83 EPS. Research analysts anticipate that Alaska Air Group, Inc. will post 4.26 earnings per share for the current fiscal year.

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.