Guidance Capital Inc. has $449,000 position in Alaska Air Group, Inc. (NYSE:ALK)

Guidance Capital Inc. reduced its holdings in shares of Alaska Air Group, Inc. (NYSE:ALK – Free Report) by 7.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,972 shares of the transportation company’s stock after selling 918 shares during the period. The stakes held by Guidance Capital Inc. in Alaska Air Group were worth $449,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Natixis Advisors LLC purchased a new stake in Alaska Air Group in the 2nd quarter valued at about $501,000. nVerses Capital LLC acquired a new stake in Alaska Air Group in the second quarter valued at about $255,000. Sage Rhino Capital LLC purchased a new stake in Alaska Air Group in the second quarter valued at about $232,000. Moloney Securities Asset Management LLC purchased a new stake in Alaska Air Group in the second quarter valued at approximately $250,000. Finally, Incinalta Capital LLC acquired a new stake in Alaska Air Group in the second quarter worth about $157,000. 81.90% of the shares are currently held by institutional investors and hedge funds.

Alaska Air Group Price Performance

Shares of NYSE ALK opened at $36.11 on Tuesday. Alaska Air Group, Inc. it has a twelve month low of $30.75 and a twelve month high of $46.15. The stock’s 50-day moving average price is $37.14 and its 200-day moving average price is $39.79. The company has a market cap of $4.58 billion, a PE ratio of 19.31, a PEG ratio of 0.67 and a beta of 1.60. The company has a quick ratio of 0.66, a current ratio of 0.68, and a debt-to-equity ratio of 0.55.

Alaska Air Group (NYSE:ALK – Get Free Report ) last posted its quarterly earnings results on Thursday, July 18th. The transportation company reported $2.55 EPS for the quarter, topping analysts’ consensus estimates of $2.36 by $0.19. The company had revenue of $2.90 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Alaska Air Group had a net margin of 2.14% and a return on equity of 11.85%. Alaska Air Group’s revenue rose 2.1% year over year. In the same quarter last year, the firm posted EPS of $3.00. On average, equities analysts anticipate that Alaska Air Group, Inc. will post 4.08 EPS for the current year.

The Wall Street analyst weighs in

A number of research firms recently issued reports on ALK. Wolfe Research raised shares of Alaska Air Group from a “peer perform” rating to an “outperform” rating and set a $55.00 price objective on the stock in a research report on Friday, May 17th. Susquehanna dropped 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 research report on Tuesday, July 16th. Morgan Stanley decreased their price target on shares of Alaska Air Group from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Monday, July 22nd. TD Cowen decreased 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 report on Wednesday, July 24th. Finally, Citigroup dropped 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 report on Thursday, August 29th . Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Alaska Air Group has an average rating of “Moderate Buy” and a consensus price target of $54.00.

Check out our latest research report on ALK

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 provides scheduled air transportation services on Boeing jet aircraft for passengers and cargo in the United States and parts of Canada, Mexico, Costa Rica, Belize, Guatemala and the Bahamas; and for passengers on a shorter-haul network in the United States, Canada and Mexico.

Recommended articles

Want to see what other hedge funds own ALK? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Alaska Air Group, Inc. (NYSE:ALK – Free Report).

Get news and ratings for Alaska Air Group daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Alaska Air Group and related companies with MarketBeat.com’s FREE daily email newsletter.