Signaturefd LLC Has $131,000 Stock Position in Alaska Air Group, Inc. (NYSE:ALK)

Signaturefd LLC lessened its stake in Alaska Air Group, Inc. (NYSE:ALK) by 20.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,889 shares of the transportation company’s stock after selling 755 shares during the quarter. Signaturefd LLC’s holdings in Alaska Air Group were worth $131,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. QRG Capital Management Inc. grew its position in Alaska Air Group by 4.7% in the second quarter. QRG Capital Management Inc. now owns 9,029 shares of the transportation company’s stock valued at $365,000 after acquiring an additional 406 shares during the last quarter. William Blair Investment Management LLC grew its holdings in shares of Alaska Air Group by 4.0% during the first quarter. William Blair Investment Management LLC now owns 11,470 shares of the transportation company’s stock worth $493,000 after purchasing an additional 436 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Alaska Air Group by 5.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,063 shares of the transportation company’s stock worth $326,000 after purchasing an additional 439 shares during the last quarter. Swiss National Bank grew its holdings in shares of Alaska Air Group by 0.8% during the first quarter. Swiss National Bank now owns 63,200 shares of the transportation company’s stock worth $2,717,000 after purchasing an additional 500 shares during the last quarter. Finally, CWM LLC grew its holdings in shares of Alaska Air Group by 13.0% during the second quarter. CWM LLC now owns 4,403 shares of the transportation company’s stock worth $178,000 after purchasing an additional 507 shares during the last quarter. Institutional investors and hedge funds own 81.90% of the company’s stock.

Alaska Air Group Stock Up 3.4 %

Shares of NYSE:ALK opened at $47.10 on Tuesday. The company has a market capitalization of $5.98 billion, a PE ratio of 25.19, a price-to-earnings-growth 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. The business has a fifty day moving average price of $41.17 and a two-hundred day moving average price of $40.66. Alaska Air Group, Inc. has a 1 year low of $30.75 and a 1 year high of $47.45.

Wall Street Analysts Forecast Growth

ALK has been the topic of several analyst reports. Bank of America upped their target price on Alaska Air Group from $50.00 to $55.00 and gave the company a “buy” rating in a report on Friday, September 13th. Morgan Stanley dropped their price target on Alaska Air Group from $75.00 to $70.00 and set an “overweight” rating on the stock in a research note on Monday, July 22nd. Barclays assumed coverage on Alaska Air Group in a research note on Monday, October 21st. They issued an “overweight” rating and a $55.00 price target on the stock. Melius Research raised Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research note on Monday. Finally, Evercore ISI dropped their price target on Alaska Air Group from $60.00 to $55.00 and set an “outperform” rating on the stock in a research note on Thursday, October 3rd. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Alaska Air Group currently has an average rating of “Moderate Buy” and an average target price of $54.17.

About Alaska Air Group

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.