Integrated Wealth Concepts LLC Has $515,000 Stock Position in Alaska Air Group, Inc. (NYSE:ALK)

Integrated Wealth Concepts LLC boosted its position in Alaska Air Group, Inc. (NYSE:ALK) by 66.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 11,392 shares of the transportation company’s stock after acquiring an additional 4,550 shares during the period. Integrated Wealth Concepts LLC’s holdings in Alaska Air Group were worth $515,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Altshuler Shaham Ltd acquired a new stake in Alaska Air Group in the 2nd quarter valued at about $28,000. Venturi Wealth Management LLC raised its holdings in Alaska Air Group by 86.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,025 shares of the transportation company’s stock valued at $46,000 after acquiring an additional 474 shares during the period. Pacifica Partners Inc. raised its holdings in Alaska Air Group by 952.4% in the 3rd quarter. Pacifica Partners Inc. now owns 1,105 shares of the transportation company’s stock valued at $50,000 after acquiring an additional 1,000 shares during the period. True Wealth Design LLC bought a new position in Alaska Air Group in the 3rd quarter valued at about $52,000. Finally, Capital Performance Advisors LLP bought a new position in Alaska Air Group in the 3rd quarter valued at about $67,000. 81.90% of the stock is currently owned by institutional investors and hedge funds.

Alaska Air Group Stock Performance

NYSE ALK opened at $61.32 on Wednesday. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $7.78 billion, a price-to-earnings ratio of 24.73, a P/E/G ratio of 1.23 and a beta of 1.60. The firm’s 50 day simple moving average is $49.29 and its 200 day simple moving average is $42.57. Alaska Air Group, Inc. has a 1 year low of $32.62 and a 1 year high of $63.90.

Alaska Air Group (NYSE:ALK) last posted its quarterly earnings results on Thursday, October 31st. The transportation company reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.03. The business 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%. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter last year, the business posted $1.83 EPS. As a group, research analysts expect that Alaska Air Group, Inc. will post 4.26 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Melius Research raised shares of Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a report on Monday, October 28th. Bank of America increased their price target on shares of Alaska Air Group from $50.00 to $55.00 and gave the company a “buy” rating in a report on Friday, September 13th. UBS Group reissued a “buy” rating and issued a $72.00 price target on shares of Alaska Air Group in a report on Tuesday, November 26th. Evercore ISI lowered their price target on shares of Alaska Air Group from $60.00 to $55.00 and set an “outperform” rating on the stock in a report on Thursday, October 3rd. Finally, Barclays raised their target price on shares of Alaska Air Group from $55.00 to $80.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $60.08.

About Alaska Air Group

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.