Texas Permanent School Fund Corp Increases Holdings in Alaska Air Group, Inc. $ALK

by · The Markets Daily

Texas Permanent School Fund Corp increased its stake in shares of Alaska Air Group, Inc. (NYSE:ALK – Free Report) by 25.1% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 86,413 shares of the transportation company’s stock after purchasing an additional 17,359 shares during the period. Texas Permanent School Fund Corp’s holdings in Alaska Air Group were worth $4,276,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Valeo Financial Advisors LLC increased its position in shares of Alaska Air Group by 9.0% during the second quarter. Valeo Financial Advisors LLC now owns 8,523 shares of the transportation company’s stock valued at $422,000 after buying an additional 702 shares during the period. Osaic Holdings Inc. grew its stake in Alaska Air Group by 8.6% during the second quarter. Osaic Holdings Inc. now owns 15,565 shares of the transportation company’s stock valued at $770,000 after acquiring an additional 1,239 shares in the last quarter. Total Investment Management Inc. purchased a new position in Alaska Air Group during the second quarter valued at approximately $61,000. State of Wyoming increased its holdings in Alaska Air Group by 102.1% during the 2nd quarter. State of Wyoming now owns 3,761 shares of the transportation company’s stock worth $186,000 after acquiring an additional 1,900 shares during the period. Finally, Semper Augustus Investments Group LLC lifted its stake in Alaska Air Group by 7.9% in the 2nd quarter. Semper Augustus Investments Group LLC now owns 372,013 shares of the transportation company’s stock worth $18,407,000 after purchasing an additional 27,179 shares in the last quarter. Institutional investors own 81.90% of the company’s stock.

Analyst Ratings Changes

ALK has been the subject of several analyst reports. JPMorgan Chase & Co. raised their price target on shares of Alaska Air Group from $73.00 to $96.00 and gave the company an “overweight” rating in a report on Friday, September 12th. Cantor Fitzgerald set a $65.00 price objective on Alaska Air Group in a research note on Monday, November 3rd. UBS Group set a $77.00 target price on Alaska Air Group and gave the stock a “buy” rating in a research note on Friday, December 12th. Zacks Research raised Alaska Air Group from a “strong sell” rating to a “hold” rating in a report on Friday, December 5th. Finally, Wall Street Zen downgraded Alaska Air Group from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $69.18.

Get Our Latest Stock Report on Alaska Air Group

Alaska Air Group Stock Up 1.3%

ALK opened at $51.89 on Friday. The business’s fifty day simple moving average is $44.97 and its 200 day simple moving average is $50.69. Alaska Air Group, Inc. has a 52 week low of $37.63 and a 52 week high of $78.08. The company has a quick ratio of 0.49, a current ratio of 0.52 and a debt-to-equity ratio of 1.12. The stock has a market cap of $6.02 billion, a PE ratio of 41.84, a P/E/G ratio of 1.14 and a beta of 1.24.

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

About Alaska Air Group

(Free Report)

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.

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