Hotchkis & Wiley Capital Management LLC Purchases 930 Shares of Alaska Air Group, Inc. (NYSE:ALK)

Hotchkis & Wiley Capital Management LLC lifted its position in shares of Alaska Air Group, Inc. (NYSE:ALK) by 0.4% during the third quarter, HoldingsChannel reports. The firm owned 230,360 shares of the transportation company’s stock after buying an additional 930 shares during the quarter. Hotchkis & Wiley Capital Management LLC’s holdings in Alaska Air Group were worth $10,415,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Verdence Capital Advisors LLC boosted its position in shares of Alaska Air Group by 2.2% during the third quarter. Verdence Capital Advisors LLC now owns 10,180 shares of the transportation company’s stock worth $460,000 after purchasing an additional 215 shares in the last quarter. QRG Capital Management Inc. boosted its position in shares of Alaska Air Group by 2.7% during the third quarter. QRG Capital Management Inc. now owns 9,271 shares of the transportation company’s stock worth $419,000 after purchasing an additional 242 shares in the last quarter. First Trust Direct Indexing L.P. boosted its position in shares of Alaska Air Group by 4.7% during the third quarter. First Trust Direct Indexing L.P. now owns 5,938 shares of the transportation company’s stock worth $268,000 after purchasing an additional 267 shares in the last quarter. 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 worth $242,000 after purchasing an additional 304 shares in the last quarter. Finally, Concurrent Investment Advisors LLC boosted its position in shares of Alaska Air Group by 3.7% during the third quarter. Concurrent Investment Advisors LLC now owns 8,770 shares of the transportation company’s stock worth $397,000 after purchasing an additional 309 shares in the last quarter. 81.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

ALK has been the topic of several research reports. Melius Research raised shares of Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a research report on Monday, October 28th. Citigroup cut their price objective on shares of Alaska Air Group from $51.00 to $48.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Bank of America boosted their price objective on shares of Alaska Air Group from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, September 13th. TD Cowen boosted their price objective on shares of Alaska Air Group from $50.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Barclays boosted their price objective on shares of Alaska Air Group from $55.00 to $80.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Alaska Air Group currently has an average rating of “Moderate Buy” and an average price target of $60.08.

Alaska Air Group Stock Up 3.5 %

Alaska Air Group stock opened at $54.41 on Thursday. The firm has a market capitalization of $6.91 billion, a PE ratio of 21.94, a P/E/G ratio of 1.21 and a beta of 1.60. The company’s 50-day moving average is $48.14 and its 200-day moving average is $42.12. Alaska Air Group, Inc. has a fifty-two week low of $32.62 and a fifty-two week high of $54.66. 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 released 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 company had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3 billion. Alaska Air Group had a net margin of 2.99% and a return on equity of 12.81%. Alaska Air Group’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.83 EPS. Sell-side analysts anticipate that Alaska Air Group, Inc. will post 4.26 earnings per share for the current year.

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.