Cwm LLC Buys 9,882 Shares of Alaska Air Group, Inc. (NYSE:ALK)

Cwm LLC increased its stake in Alaska Air Group, Inc. (NYSE:ALK) by 224.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,285 shares of the transportation company’s stock after acquiring an additional 9,882 shares during the period. Cwm LLC’s holdings in Alaska Air Group were worth $646,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Interval Partners LP raised its position in Alaska Air Group by 100.0% during the 1st quarter. Interval Partners LP now owns 80,000 shares of the transportation company’s stock valued at $3,439,000 after purchasing an additional 40,000 shares during the last quarter. Capital Research Global Investors bought a new position in Alaska Air Group during the 1st quarter valued at approximately $36,993,000. Raymond James & Associates raised its position in Alaska Air Group by 13.5% during the 2nd quarter. Raymond James & Associates now owns 283,581 shares of the transportation company’s stock valued at $11,457,000 after purchasing an additional 33,717 shares during the last quarter. Boston Partners raised 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 last quarter. Finally, Comerica Bank raised its position in Alaska Air Group by 88.0% during the 1st quarter. Comerica Bank now owns 174,178 shares of the transportation company’s stock valued at $7,488,000 after purchasing an additional 81,533 shares during the last quarter. Institutional investors own 81.90% of the company’s stock.

Alaska Air Group Stock Performance

Alaska Air Group stock opened at $44.97 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.68 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $5.71 billion, a P/E ratio of 24.05, a PEG ratio of 0.66 and a beta of 1.60. The stock’s 50 day moving average is $39.85 and its 200 day moving average is $40.53. Alaska Air Group, Inc. has a twelve month low of $30.75 and a twelve month high of $46.87.

Alaska Air Group (NYSE:ALK) last posted its quarterly earnings results on Thursday, July 18th. The transportation company reported $2.55 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.19. The company had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.94 billion. Alaska Air Group had a return on equity of 11.85% and a net margin of 2.14%. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.00 EPS. On average, equities research analysts predict that Alaska Air Group, Inc. will post 4.24 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on ALK. Morgan Stanley lowered their price target 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. Evercore ISI lowered their price target on Alaska Air Group from $60.00 to $55.00 and set an “outperform” rating for the company in a research report on Thursday, October 3rd. Susquehanna upped their target price on Alaska Air Group from $40.00 to $45.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Citigroup reduced their target price on Alaska Air Group from $51.00 to $48.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Finally, TD Cowen reduced their target price on Alaska Air Group from $52.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Alaska Air Group currently has a consensus rating of “Moderate Buy” and an average price target of $53.60.

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.