Quantinno Capital Management LP Has $3.68 Million Holdings in Alaska Air Group, Inc. (NYSE:ALK)

Quantinno Capital Management LP increased its position in Alaska Air Group, Inc. (NYSE:ALK) by 67.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,324 shares of the transportation company’s stock after buying an additional 32,766 shares during the period. Quantinno Capital Management LP owned 0.06% of Alaska Air Group worth $3,677,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ALK. Quarry LP raised its holdings in shares of Alaska Air Group by 259.3% in the 3rd quarter. Quarry LP now owns 1,175 shares of the transportation company’s stock worth $53,000 after acquiring an additional 848 shares during the last quarter. Point72 DIFC Ltd bought a new stake in Alaska Air Group during the 3rd quarter worth approximately $532,000. Integrated Wealth Concepts LLC raised its stake in shares of Alaska Air Group by 66.5% in the third quarter. Integrated Wealth Concepts LLC now owns 11,392 shares of the transportation company’s stock worth $515,000 after purchasing an additional 4,550 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Alaska Air Group by 0.4% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 230,360 shares of the transportation company’s stock valued at $10,415,000 after purchasing an additional 930 shares in the last quarter. Finally, Coastwise Capital Group LLC boosted its position in shares of Alaska Air Group by 6.0% during the third quarter. Coastwise Capital Group LLC now owns 5,354 shares of the transportation company’s stock valued at $242,000 after buying an additional 304 shares during the last quarter. Institutional investors and hedge funds own 81.90% of the company’s stock.

Alaska Air Group Stock Down 2.8 %

Shares of NYSE ALK opened at $54.34 on Monday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.60 and a quick ratio of 0.57. The stock has a market capitalization of $6.90 billion, a PE ratio of 21.91, a P/E/G ratio of 1.24 and a beta of 1.60. Alaska Air Group, Inc. has a one year low of $32.62 and a one year high of $56.95. The business’s fifty day moving average price is $48.79 and its 200-day moving average price is $42.36.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings data on Thursday, October 31st. The transportation company reported $2.25 EPS for the quarter, beating the consensus estimate of $2.22 by $0.03. The business had revenue of $3.07 billion for 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 revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.83 earnings per share. On average, equities research analysts anticipate that Alaska Air Group, Inc. will post 4.26 EPS for the current year.

Analysts Set New Price Targets

ALK has been the subject of a number of analyst reports. Melius Research raised Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a research report on Monday, October 28th. Bank of America increased their target price on shares of Alaska Air Group from $50.00 to $55.00 and gave the company a “buy” rating in a report on Friday, September 13th. Evercore ISI cut their price target on shares of Alaska Air Group from $60.00 to $55.00 and set an “outperform” rating on the stock in a report on Thursday, October 3rd. Susquehanna increased 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. Finally, Melius 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 note on Monday, October 28th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, Alaska Air Group has a consensus rating of “Moderate Buy” and a consensus price target of $60.08.

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.