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Alaska Air Group, Inc. receives a new investment from Janney Montgomery Scott LLC (NYSE:ALK)

Alaska Air Group, Inc. receives a new investment from Janney Montgomery Scott LLC (NYSE:ALK)

Janney Montgomery Scott LLC disclosed the acquisition of a new position in shares of Alaska Air Group, Inc. in a recent filing with the Securities and Exchange Commission (SEC) (NYSE: ALK). This information was disclosed about Alaska Air Group, Inc. (SEC). The purchase of 33,047 shares in the transportation company cost the corporation a total of close to $1,294,000 to complete the transaction.

Several other institutional investors have recently changed the size of their holdings in ALK. These changes were made in recent days. During the second quarter, Charter Oak Capital Management LLC added approximately $30,000 to the value of its Alaska Air Group holdings. The value of Covestor Ltd.’s holdings in Alaska Air Group increased by 416.4% over the first three months of 2018. Covestor Ltd. now has 568 shares of the transportation company’s stock, which are currently valued at $33,000 after purchasing an additional 458 shares during the quarter. These shares were acquired through a series of purchases. To purchase an additional stake in Alaska Air Group during the second quarter, SeaCrest Wealth Management LLC forked over the sum of $35,000. During the second quarter, Crewe Advisors LLC achieved a 41.0% increase in the amount of stock in Alaska Air Group that it owned. Crewe Advisors LLC is now the direct owner of 918 shares held by the transportation company. The current market value of these shares is $37,000. This is because the company purchased 267 additional shares during the quarter to bring its total number of shares to a total. Last but not least, during the second quarter, Capital Wealth Alliance LLC invested $46,000 into a new stake in Alaska Air Group that they have established. At the moment, institutions hold ownership rights over 77.04% of the company’s common stock.

When trading started on Tuesday, a share of ALK’s stock was going for $50.29 per share. During the past year, the price of Alaska Air Group, Inc. has moved in a range that began at $38.19 and ended at $61.55, with a low of $38.19 and a high of $61.55. There is a debt-to-equity ratio of 0.49, a current ratio of 0.81, and a quick ratio of 0.79. All of these numbers are very close to each other. Over the last 50 days, the moving averages for the company are $45.39, and over the last 200 days, they are $44.16. The stock has a beta value of 1.43, and the price of one share is equivalent to 125.73 dollars’ worth of earnings per quarter. The value of the stock on the market is approximately $6.38 billion.

On October 20, Alaska Air Group (NYSE: ALK) released to the public its earnings report for the third quarter of the year. The transportation company announced quarterly earnings per share of $2.53, which is $0.12 higher than the analysts’ consensus estimate of $2.41, compiled by the company’s competitors. In the case of Alaska Air Group, the return on equity was 12.45 percent, and the company’s net margin was 0.6 percent. The revenue the company brought in for the quarter was $2.83 billion, which is higher than the forecasted amount of $2.82 billion that it would generate during the quarter. The company posted earnings of $1.47 per share during the same period the year before when compared to the current year. Compared to the previous year’s period, the revenue for this quarter saw a 44.8% increase in growth. According to projections made by equity research analysts, Alaska Air Group, Inc. will bring in profits of 4.3 cents per share during the current fiscal year.

As a result of the recent price increases, several different brokerage firms have recently expressed interest in ALK. In a research report published on Friday, October 21, Cowen lowered their price objective on Alaska Air Group shares from $85.00 to $65.00. The previous price objective was $85.00. In addition, they gave the stock an “outperform” rating while simultaneously lowering the price target they had set for Alaska Air Group shares. In a research report published on Friday, October 21, Cowen lowered their price objective on Alaska Air Group shares from $85.00 to $65.00. The previous price objective was $85.00. In addition, they gave the stock an “outperform” rating while simultaneously lowering the price target they had set for Alaska Air Group shares. In a research note published on January 5, Raymond James increased their target price on the stock of Alaska Air Group from $58.00 to $60.00 and assigned the stock an “outperform” rating. On Monday, December 5, Citigroup published a research note announcing that it would begin providing coverage for shares of Alaska Air Group. They suggested investing in the company by purchasing shares and that one should aim for a price of $55.00 per share. In a research note published on January 11, Barclays gave the company an “equal weight” rating and increased its price target for Alaska Air Group shares from $45.00 to $50.00. This was done in conjunction with raising the price target for those shares. In conjunction with the note’s dissemination, both actions were taken. Twelve equity research professionals surveyed have assigned the stock a buy rating, while only two have assigned it a hold rating. The current average rating for Alaska Air Group is “Moderate Buy,” and the website also reports that the average price goal for the company is $63.75; this information was obtained from Bloomberg.com.

Because it owns and manages other businesses as subsidiaries, Alaska Air Group, Inc. is able to offer air transportation services for passengers and cargo thanks to the companies it controls. The organization can be partitioned into three distinct divisions, which are the mainline, regional, and horizontal divisions, respectively. More than 120 locations across the North American continent provide access to its services. The Alaska Air Group, Inc. company began operations in 1932 and currently has its headquarters in the city of Seattle, which is situated within the boundaries of the state of Washington.

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