Landscape Capital Management L.L.C. Makes New $4.67 Million Investment in Alaska Air Group, Inc. (NYSE:ALK)

Landscape Capital Management L.L.C. acquired a new stake in Alaska Air Group, Inc. (NYSE:ALK) during the third quarter, Holdings Channel reports. The institutional investor acquired 103,362 shares of the transportation company’s stock, valued at approximately $4,673,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Prospera Financial Services Inc boosted its position in Alaska Air Group by 9.8% during the third quarter. Prospera Financial Services Inc now owns 7,763 shares of the transportation company’s stock worth $351,000 after purchasing an additional 695 shares in the last quarter. Quest Partners LLC raised its position in Alaska Air Group by 1,531,200.0% in the 3rd quarter. Quest Partners LLC now owns 15,313 shares of the transportation company’s stock valued at $692,000 after purchasing an additional 15,312 shares in the last quarter. Natixis Advisors LLC raised its holdings in Alaska Air Group by 54.2% during the third quarter. Natixis Advisors LLC now owns 19,147 shares of the transportation company’s stock worth $866,000 after purchasing an additional 6,734 shares in the last quarter. Victory Capital Management Inc. grew its position in Alaska Air Group by 11.2% during the 3rd quarter. Victory Capital Management Inc. now owns 28,316 shares of the transportation company’s stock worth $1,280,000 after purchasing an additional 2,858 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new position in Alaska Air Group in the 3rd quarter valued at $2,257,000. 81.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Susquehanna raised their price objective on shares of Alaska Air Group from $40.00 to $45.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Barclays raised their price target on shares of Alaska Air Group from $55.00 to $80.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Melius Research upgraded Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a research report on Monday, October 28th. TD Cowen cut their target price on Alaska Air Group from $52.00 to $50.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. Finally, Citigroup decreased their price objective on shares of 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. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $57.31.

Alaska Air Group Stock Up 0.1 %

ALK opened at $53.12 on Thursday. Alaska Air Group, Inc. has a 12 month low of $32.00 and a 12 month high of $54.01. The stock has a market cap of $6.74 billion, a P/E ratio of 21.42, a P/E/G ratio of 1.22 and a beta of 1.59. The stock’s 50 day moving average price is $45.97 and its 200 day moving average price is $41.56. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.60 and a quick ratio of 0.57.

Alaska Air Group (NYSE:ALK) last posted its quarterly earnings data on Thursday, October 31st. The transportation company reported $2.25 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.03. The business had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3 billion. Alaska Air Group had a net margin of 2.99% and a return on equity of 12.81%. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.83 earnings per share. As a group, research analysts predict 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.