Clarius Group LLC Reduces Stock Holdings in Alaska Air Group, Inc. (NYSE:ALK)

Clarius Group LLC decreased its position in Alaska Air Group, Inc. (NYSE:ALK) by 2.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,322 shares of the transportation company’s stock after selling 510 shares during the period. Clarius Group LLC’s holdings in Alaska Air Group were worth $821,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. CVA Family Office LLC increased its holdings in shares of Alaska Air Group by 17.1% in the first quarter. CVA Family Office LLC now owns 2,230 shares of the transportation company’s stock worth $96,000 after purchasing an additional 325 shares during the period. Parallel Advisors LLC increased its holdings in shares of Alaska Air Group by 28.4% in the fourth quarter. Parallel Advisors LLC now owns 1,688 shares of the transportation company’s stock worth $66,000 after purchasing an additional 373 shares during the period. Gateway Investment Advisers LLC increased its holdings in shares of Alaska Air Group by 0.3% in the first quarter. Gateway Investment Advisers LLC now owns 153,403 shares of the transportation company’s stock worth $6,595,000 after purchasing an additional 391 shares during the period. Private Advisor Group LLC increased its holdings in shares of Alaska Air Group by 6.8% in the fourth quarter. Private Advisor Group LLC now owns 6,209 shares of the transportation company’s stock worth $243,000 after purchasing an additional 397 shares during the period. Finally, William Blair Investment Management LLC increased its holdings in shares of Alaska Air Group by 4.0% in 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 period. Hedge funds and other institutional investors own 81.90% of the company’s stock.

Alaska Air Group Trading Down 0.0 %

Shares of Alaska Air Group stock traded down $0.01 during trading on Friday, reaching $34.55. 118,137 shares of the stock were exchanged, compared to its average volume of 2,190,020. The company has a quick ratio of 0.63, a current ratio of 0.65 and a debt-to-equity ratio of 0.57. The stock’s fifty day moving average is $39.19 and its 200 day moving average is $39.88. The firm has a market cap of $4.38 billion, a price-to-earnings ratio of 18.49, a price-to-earnings-growth ratio of 0.67 and a beta of 1.60. Alaska Air Group, Inc. has a 1 year low of $30.75 and a 1 year high of $47.06.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings data on Thursday, July 18th. The transportation company reported $2.55 EPS for the quarter, topping the consensus estimate of $2.36 by $0.19. Alaska Air Group had a net margin of 2.14% and a return on equity of 11.97%. The business had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same period last year, the business posted $3.00 earnings per share. Alaska Air Group’s quarterly revenue was up 2.1% compared to the same quarter last year. As a group, equities research analysts expect that Alaska Air Group, Inc. will post 4.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on ALK. Morgan Stanley reduced their target price 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. Susquehanna reduced their target price on Alaska Air Group from $42.00 to $41.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 16th. Bank of America increased their target price on Alaska Air Group from $50.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Wolfe Research raised Alaska Air Group from a “peer perform” rating to an “outperform” rating and set a $55.00 target price on the stock in a research note on Friday, May 17th. Finally, StockNews.com raised Alaska Air Group from a “sell” rating to a “hold” rating in a research note on Friday, April 19th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Alaska Air Group has a consensus rating of “Moderate Buy” and an average target price of $54.60.

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.