Alaska Air Group, Inc. (ALK) Shares Bought by Investec Asset Management North America Inc.

Investec Asset Management North America Inc. increased its stake in shares of Alaska Air Group, Inc. (NYSE:ALK) by 7.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,406 shares of the transportation company’s stock after buying an additional 1,010 shares during the period. Investec Asset Management North America Inc.’s holdings in Alaska Air Group were worth $1,383,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Cleararc Capital Inc. increased its holdings in Alaska Air Group by 0.7% during the first quarter. Cleararc Capital Inc. now owns 3,001 shares of the transportation company’s stock worth $277,000 after buying an additional 20 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Alaska Air Group by 0.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,183 shares of the transportation company’s stock worth $824,000 after buying an additional 24 shares during the last quarter. ING Groep NV increased its holdings in Alaska Air Group by 0.5% during the second quarter. ING Groep NV now owns 6,325 shares of the transportation company’s stock worth $568,000 after buying an additional 32 shares during the last quarter. CIBC Asset Management Inc increased its holdings in Alaska Air Group by 0.4% during the second quarter. CIBC Asset Management Inc now owns 11,691 shares of the transportation company’s stock worth $1,049,000 after buying an additional 44 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its holdings in Alaska Air Group by 1.4% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,198 shares of the transportation company’s stock worth $295,000 after buying an additional 45 shares during the last quarter. Institutional investors and hedge funds own 88.34% of the company’s stock.

Alaska Air Group, Inc. (NYSE:ALK) traded down 2.85% during trading on Friday, hitting $75.28. 2,224,735 shares of the stock were exchanged. The firm has a market capitalization of $9.30 billion, a price-to-earnings ratio of 12.24 and a beta of 1.00. Alaska Air Group, Inc. has a 1-year low of $64.19 and a 1-year high of $101.43. The company has a 50-day moving average price of $79.30 and a 200 day moving average price of $87.26.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings data on Wednesday, July 26th. The transportation company reported $2.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.52 by ($0.01). The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.10 billion. Alaska Air Group had a net margin of 11.02% and a return on equity of 30.04%. The company’s revenue was up 40.7% compared to the same quarter last year. During the same quarter last year, the firm posted $2.12 earnings per share. Equities analysts predict that Alaska Air Group, Inc. will post $7.67 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 7th. Investors of record on Tuesday, August 22nd were paid a dividend of $0.30 per share. The ex-dividend date was Friday, August 18th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.59%. Alaska Air Group’s dividend payout ratio (DPR) is presently 19.48%.

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In related news, Chairman Bradley D. Tilden sold 5,600 shares of the business’s stock in a transaction that occurred on Thursday, July 13th. The stock was sold at an average price of $94.48, for a total transaction of $529,088.00. Following the completion of the transaction, the chairman now directly owns 145,546 shares in the company, valued at approximately $13,751,186.08. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Bradley D. Tilden sold 2,400 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $85.83, for a total value of $205,992.00. Following the transaction, the chairman now owns 140,346 shares of the company’s stock, valued at $12,045,897.18. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,350 shares of company stock valued at $937,251. 0.57% of the stock is currently owned by corporate insiders.

ALK has been the subject of a number of research analyst reports. BidaskClub downgraded shares of Alaska Air Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. ValuEngine downgraded shares of Alaska Air Group from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Morgan Stanley cut their target price on shares of Alaska Air Group from $103.00 to $102.00 and set an “overweight” rating for the company in a research report on Monday, July 17th. Zacks Investment Research upgraded shares of Alaska Air Group from a “hold” rating to a “buy” rating and set a $101.00 target price for the company in a research report on Tuesday, July 4th. Finally, Bank of America Corporation increased their target price on shares of Alaska Air Group from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, June 30th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $106.55.

Alaska Air Group Company Profile

Alaska Air Group, Inc is the holding company of Alaska Airlines (Alaska), Virgin America Inc, Horizon Air (Horizon) and other business units. The Company operates through three segments: Mainline, Regional and Horizon. Its Mainline segment includes Alaska’s and Virgin America’s scheduled air transportation for passengers and cargo throughout the United States, and in parts of Canada, Mexico, Costa Rica and Cuba.

Institutional Ownership by Quarter for Alaska Air Group (NYSE:ALK)

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