SG Americas Securities LLC Sells 155,584 Shares of Alaska Air Group, Inc. $ALK

SG Americas Securities LLC reduced its stake in Alaska Air Group, Inc. (NYSE:ALK) by 92.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,235 shares of the transportation company’s stock after selling 155,584 shares during the quarter. SG Americas Securities LLC’s holdings in Alaska Air Group were worth $659,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of ALK. American Century Companies Inc. raised its position in shares of Alaska Air Group by 1.3% during the 2nd quarter. American Century Companies Inc. now owns 3,266,619 shares of the transportation company’s stock valued at $161,632,000 after buying an additional 42,454 shares in the last quarter. Geode Capital Management LLC raised its position in Alaska Air Group by 3.6% during the second quarter. Geode Capital Management LLC now owns 2,215,697 shares of the transportation company’s stock valued at $109,657,000 after purchasing an additional 77,531 shares in the last quarter. AQR Capital Management LLC raised its position in Alaska Air Group by 10.1% during the second quarter. AQR Capital Management LLC now owns 1,456,129 shares of the transportation company’s stock valued at $71,809,000 after purchasing an additional 134,141 shares in the last quarter. Par Capital Management Inc. lifted its stake in Alaska Air Group by 4.1% during the second quarter. Par Capital Management Inc. now owns 1,119,302 shares of the transportation company’s stock worth $55,383,000 after purchasing an additional 43,726 shares during the last quarter. Finally, ARGA Investment Management LP boosted its holdings in shares of Alaska Air Group by 7.2% in the 2nd quarter. ARGA Investment Management LP now owns 1,099,190 shares of the transportation company’s stock worth $54,388,000 after purchasing an additional 74,137 shares in the last quarter. Hedge funds and other institutional investors own 81.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Susquehanna raised their price objective on Alaska Air Group from $52.00 to $70.00 and gave the company a “positive” rating in a report on Friday, January 9th. Cantor Fitzgerald set a $65.00 price target on shares of Alaska Air Group in a research report on Monday, November 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Alaska Air Group in a research note on Monday, December 29th. Wall Street Zen lowered shares of Alaska Air Group from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Finally, UBS Group set a $77.00 target price on shares of Alaska Air Group and gave the company a “buy” rating in a report on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $71.80.

Alaska Air Group Trading Up 2.7%

NYSE:ALK opened at $48.88 on Thursday. The company has a fifty day moving average of $47.63 and a 200 day moving average of $50.81. Alaska Air Group, Inc. has a 52 week low of $37.63 and a 52 week high of $78.08. The company has a quick ratio of 0.49, a current ratio of 0.52 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $5.67 billion, a P/E ratio of 39.42, a P/E/G ratio of 0.49 and a beta of 1.22.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings results on Thursday, October 23rd. The transportation company reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.06). The firm had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.75 billion. Alaska Air Group had a return on equity of 8.93% and a net margin of 1.06%.Alaska Air Group’s revenue was up 22.6% on a year-over-year basis. During the same period last year, the business earned $2.25 EPS. On average, research analysts predict that Alaska Air Group, Inc. will post 6.03 earnings per share for the current year.

Alaska Air Group Company Profile

Alaska Air Group is a publicly traded holding company headquartered in Seattle, Washington, that operates two main airlines—Alaska Airlines and Horizon Air. Through these carriers, the company offers scheduled passenger and cargo services across a network spanning the United States, Canada and Mexico. Its core business activities include domestic and international air transportation, loyalty program management under the Mileage Plan brand, and ancillary revenue streams such as baggage fees, in-flight sales and code-share partnerships with other global airlines.

The roots of Alaska Air Group trace back to the foundation of its flagship carrier, Alaska Airlines, in 1932.