Alaska Air Group, Inc. (NYSE:ALK) Shares Acquired by Prospera Financial Services Inc

Prospera Financial Services Inc boosted its position in Alaska Air Group, Inc. (NYSE:ALK) by 9.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,763 shares of the transportation company’s stock after buying an additional 695 shares during the quarter. Prospera Financial Services Inc’s holdings in Alaska Air Group were worth $351,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Altshuler Shaham Ltd purchased a new stake in shares of Alaska Air Group during the second quarter worth about $28,000. Venturi Wealth Management LLC raised its position in shares of Alaska Air Group by 86.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,025 shares of the transportation company’s stock valued at $46,000 after purchasing an additional 474 shares in the last quarter. Pacifica Partners Inc. boosted its stake in shares of Alaska Air Group by 952.4% during the 3rd quarter. Pacifica Partners Inc. now owns 1,105 shares of the transportation company’s stock valued at $50,000 after buying an additional 1,000 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Alaska Air Group during the third quarter worth approximately $67,000. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Alaska Air Group in the second quarter worth $69,000. 81.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Melius Research raised shares of Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a report on Monday, October 28th. Melius raised Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a report on Monday, October 28th. Evercore ISI reduced their target price on Alaska Air Group from $60.00 to $55.00 and set an “outperform” rating on the stock in a report on Thursday, October 3rd. The Goldman Sachs Group reiterated a “buy” rating and issued a $70.00 price target on shares of Alaska Air Group in a report on Friday, November 15th. Finally, Susquehanna raised their price objective on Alaska Air Group from $40.00 to $45.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $57.31.

Alaska Air Group Price Performance

Shares of NYSE:ALK opened at $52.42 on Monday. 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 firm’s 50 day moving average is $46.44 and its two-hundred day moving average is $41.67. The firm has a market capitalization of $6.65 billion, a P/E ratio of 21.14, a PEG ratio of 1.19 and a beta of 1.59. Alaska Air Group, Inc. has a 52 week low of $32.00 and a 52 week high of $54.01.

Alaska Air Group (NYSE:ALK) last announced its earnings results on Thursday, October 31st. The transportation company reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.03. The firm had revenue of $3.07 billion for 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%. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.83 EPS. Analysts anticipate that Alaska Air Group, Inc. will post 4.26 earnings per share for the current 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.