Brighton Jones LLC Has $204,000 Stake in Alaska Air Group, Inc. (NYSE:ALK)

Brighton Jones LLC decreased its holdings in Alaska Air Group, Inc. (NYSE:ALK) by 97.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,516 shares of the transportation company’s stock after selling 173,950 shares during the period. Brighton Jones LLC’s holdings in Alaska Air Group were worth $204,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. International Assets Investment Management LLC bought a new stake in shares of Alaska Air Group in the 3rd quarter valued at approximately $86,270,000. Plan Group Financial LLC bought a new stake in shares of Alaska Air Group in the 3rd quarter valued at approximately $356,000. Jade Capital Advisors LLC grew its stake in shares of Alaska Air Group by 337.5% in the 3rd quarter. Jade Capital Advisors LLC now owns 175,000 shares of the transportation company’s stock valued at $7,912,000 after buying an additional 135,000 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Alaska Air Group by 22.6% in the 3rd quarter. Blue Trust Inc. now owns 3,144 shares of the transportation company’s stock valued at $142,000 after buying an additional 579 shares in the last quarter. Finally, Clarius Group LLC grew its stake in shares of Alaska Air Group by 54.0% in the 3rd quarter. Clarius Group LLC now owns 31,304 shares of the transportation company’s stock valued at $1,415,000 after buying an additional 10,982 shares in the last quarter. Institutional investors and hedge funds own 81.90% of the company’s stock.

Alaska Air Group Stock Performance

Alaska Air Group stock opened at $45.54 on Monday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.68 and a quick ratio of 0.66. The stock has a fifty day moving average price of $40.93 and a two-hundred day moving average price of $40.63. Alaska Air Group, Inc. has a 52-week low of $30.75 and a 52-week high of $46.87. The firm has a market capitalization of $5.78 billion, a P/E ratio of 24.35, a P/E/G ratio of 0.66 and a beta of 1.60.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on ALK shares. Citigroup lowered their price target on Alaska Air Group from $51.00 to $48.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Bank of America upped their target price on Alaska Air Group from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Morgan Stanley decreased their target price 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 cut their price target 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. Finally, TD Cowen cut their price target on Alaska Air Group from $52.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $53.80.

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.