Thrivent Financial for Lutherans Sells 6,127 Shares of Alaska Air Group, Inc. (NYSE:ALK)

Thrivent Financial for Lutherans cut its stake in shares of Alaska Air Group, Inc. (NYSE:ALK) by 5.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 107,339 shares of the transportation company’s stock after selling 6,127 shares during the period. Thrivent Financial for Lutherans’ holdings in Alaska Air Group were worth $4,853,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC purchased a new position in Alaska Air Group during the first quarter worth about $280,000. CANADA LIFE ASSURANCE Co grew its stake in Alaska Air Group by 2.9% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 97,752 shares of the transportation company’s stock valued at $4,200,000 after purchasing an additional 2,726 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Alaska Air Group by 5.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 69,382 shares of the transportation company’s stock valued at $2,983,000 after purchasing an additional 3,652 shares during the last quarter. Interval Partners LP raised its stake in shares of Alaska Air Group by 100.0% during the 1st quarter. Interval Partners LP now owns 80,000 shares of the transportation company’s stock worth $3,439,000 after purchasing an additional 40,000 shares during the period. Finally, Motley Fool Asset Management LLC bought a new position in Alaska Air Group during the first quarter valued at about $336,000. 81.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on ALK. Barclays boosted their target price on shares of Alaska Air Group from $55.00 to $80.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Melius Research raised Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a report on Monday, October 28th. Susquehanna upped their price objective on shares of Alaska Air Group from $40.00 to $45.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. TD Cowen reduced their target price on shares of Alaska Air Group from $52.00 to $50.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. Finally, The Goldman Sachs Group restated a “buy” rating and set a $70.00 price target on shares of Alaska Air Group in a research note on Friday, November 15th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $57.31.

Alaska Air Group Stock Performance

NYSE:ALK opened at $52.42 on Friday. Alaska Air Group, Inc. has a twelve month low of $32.00 and a twelve month high of $54.01. The company has a quick ratio of 0.57, a current ratio of 0.60 and a debt-to-equity ratio of 0.93. The stock has a market cap of $6.65 billion, a P/E ratio of 21.14, a PEG ratio of 1.19 and a beta of 1.59. The business’s 50-day moving average price is $46.44 and its two-hundred day moving average price is $41.68.

Alaska Air Group (NYSE:ALK) last announced its earnings results on Thursday, October 31st. The transportation company reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.22 by $0.03. Alaska Air Group had a net margin of 2.99% and a return on equity of 12.81%. The business had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3 billion. During the same period last year, the firm posted $1.83 earnings per share. Alaska Air Group’s quarterly revenue was up 8.2% on a year-over-year basis. As a group, equities analysts predict that Alaska Air Group, Inc. will post 4.26 EPS for the current fiscal 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.