Cwm LLC Acquires 9,871 Shares of Alaska Air Group, Inc. $ALK

Cwm LLC boosted its holdings in Alaska Air Group, Inc. (NYSE:ALK) by 37.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,177 shares of the transportation company’s stock after acquiring an additional 9,871 shares during the quarter. Cwm LLC’s holdings in Alaska Air Group were worth $1,801,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Brighton Jones LLC boosted its holdings in Alaska Air Group by 2,046.4% during the fourth quarter. Brighton Jones LLC now owns 96,932 shares of the transportation company’s stock valued at $6,276,000 after purchasing an additional 92,416 shares in the last quarter. State of Wyoming bought a new position in shares of Alaska Air Group during the 1st quarter worth approximately $92,000. Advisors Asset Management Inc. boosted its stake in Alaska Air Group by 355.7% in the 1st quarter. Advisors Asset Management Inc. now owns 7,770 shares of the transportation company’s stock valued at $382,000 after buying an additional 6,065 shares in the last quarter. Hancock Whitney Corp grew its position in Alaska Air Group by 7.0% in the first quarter. Hancock Whitney Corp now owns 7,327 shares of the transportation company’s stock valued at $361,000 after acquiring an additional 479 shares during the period. Finally, Jacobs Levy Equity Management Inc. acquired a new position in Alaska Air Group during the first quarter worth $1,367,000. Institutional investors and hedge funds own 81.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on ALK shares. Raymond James Financial restated an “outperform” rating and issued a $71.00 target price on shares of Alaska Air Group in a research note on Friday, December 19th. TD Cowen boosted their price target on shares of Alaska Air Group from $61.00 to $65.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Cowen reaffirmed a “buy” rating on shares of Alaska Air Group in a report on Monday, November 3rd. JPMorgan Chase & Co. lifted their target price on shares of Alaska Air Group from $73.00 to $96.00 and gave the company an “overweight” rating in a research note on Friday, September 12th. Finally, Cantor Fitzgerald set a $65.00 target price on Alaska Air Group in a report on Monday, November 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $69.73.

Alaska Air Group Trading Up 2.4%

Shares of NYSE ALK opened at $51.50 on Friday. Alaska Air Group, Inc. has a 1-year low of $37.63 and a 1-year high of $78.08. The company has a market cap of $5.97 billion, a PE ratio of 41.53, a P/E/G ratio of 0.52 and a beta of 1.22. The company has a current ratio of 0.52, a quick ratio of 0.49 and a debt-to-equity ratio of 1.12. The company has a 50-day moving average of $45.73 and a two-hundred day moving average of $50.78.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings results on Thursday, October 23rd. The transportation company reported $1.05 EPS for the quarter, missing the consensus estimate of $1.11 by ($0.06). The company had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.75 billion. Alaska Air Group had a net margin of 1.06% and a return on equity of 8.93%. Alaska Air Group’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same period last year, the company earned $2.25 earnings per share. As a group, equities analysts expect that Alaska Air Group, Inc. will post 6.03 earnings per share for the current fiscal year.

Alaska Air Group Profile

Alaska Air Group is a publicly traded holding company headquartered in Seattle, Washington, that operates two main airlines—Alaska Airlines and Horizon Air. Through these carriers, the company offers scheduled passenger and cargo services across a network spanning the United States, Canada and Mexico. Its core business activities include domestic and international air transportation, loyalty program management under the Mileage Plan brand, and ancillary revenue streams such as baggage fees, in-flight sales and code-share partnerships with other global airlines.

The roots of Alaska Air Group trace back to the foundation of its flagship carrier, Alaska Airlines, in 1932.