5,741 Shares in Alaska Air Group, Inc. (NYSE:ALK) Acquired by Sage Rhino Capital LLC

Sage Rhino Capital LLC acquired a new position in shares of Alaska Air Group, Inc. (NYSE:ALK) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 5,741 shares of the transportation company’s stock, valued at approximately $232,000.

Other hedge funds have also recently made changes to their positions in the company. CVA Family Office LLC boosted its position in Alaska Air Group by 17.1% in the 1st quarter. CVA Family Office LLC now owns 2,230 shares of the transportation company’s stock valued at $96,000 after buying an additional 325 shares during the period. Parallel Advisors LLC lifted its position in shares of Alaska Air Group by 28.4% during the 4th 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 last quarter. Gateway Investment Advisers LLC lifted its position in shares of Alaska Air Group by 0.3% during the 1st 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 last quarter. Private Advisor Group LLC lifted its position in shares of Alaska Air Group by 6.8% during the 4th 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 last quarter. Finally, QRG Capital Management Inc. lifted its position in shares of Alaska Air Group by 4.7% during the 2nd quarter. QRG Capital Management Inc. now owns 9,029 shares of the transportation company’s stock worth $365,000 after purchasing an additional 406 shares during the last quarter. Hedge funds and other institutional investors own 81.90% of the company’s stock.

Alaska Air Group Price Performance

Shares of NYSE ALK traded up $0.31 on Friday, hitting $36.11. The company’s stock had a trading volume of 1,956,677 shares, compared to its average volume of 2,208,175. Alaska Air Group, Inc. has a 12-month low of $30.75 and a 12-month high of $46.15. The company has a market capitalization of $4.58 billion, a price-to-earnings ratio of 19.31, a price-to-earnings-growth ratio of 0.67 and a beta of 1.60. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.65 and a quick ratio of 0.63. The stock has a 50 day moving average of $37.26 and a 200-day moving average of $39.76.

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

Analysts Set New Price Targets

ALK has been the subject of several recent analyst reports. Morgan Stanley decreased their price objective on shares of Alaska Air Group from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Monday, July 22nd. Citigroup cut their price target on shares of Alaska Air Group from $51.00 to $48.00 and set a “buy” rating on the stock in a research note on Thursday. TD Cowen cut their price target on shares of Alaska Air Group from $58.00 to $51.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Wolfe Research raised shares of Alaska Air Group from a “peer perform” rating to an “outperform” rating and set a $55.00 target price on the stock in a report on Friday, May 17th. Finally, Susquehanna lowered their target price on shares of Alaska Air Group from $42.00 to $41.00 and set a “neutral” rating on the stock in a report on Tuesday, July 16th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $54.00.

Alaska Air Group Company 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.