Alaska Air Group, Inc. (ALK) Holdings Raised by Global X MANAGEMENT CO LLC

Global X MANAGEMENT CO LLC raised its position in Alaska Air Group, Inc. (NYSE:ALK) by 13.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,712 shares of the transportation company’s stock after purchasing an additional 908 shares during the period. Global X MANAGEMENT CO LLC’s holdings in Alaska Air Group were worth $588,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the business. Candriam Luxembourg S.C.A. purchased a new stake in shares of Alaska Air Group in the 3rd quarter valued at approximately $10,608,000. Hennessy Advisors Inc. increased its position in shares of Alaska Air Group by 4.0% in the 3rd quarter. Hennessy Advisors Inc. now owns 20,800 shares of the transportation company’s stock valued at $1,586,000 after purchasing an additional 800 shares during the last quarter. Goodman Financial Corp increased its position in shares of Alaska Air Group by 4.0% in the 3rd quarter. Goodman Financial Corp now owns 79,845 shares of the transportation company’s stock valued at $6,090,000 after purchasing an additional 3,048 shares during the last quarter. Egerton Capital UK LLP increased its position in shares of Alaska Air Group by 51.6% in the 3rd quarter. Egerton Capital UK LLP now owns 4,476,494 shares of the transportation company’s stock valued at $341,422,000 after purchasing an additional 1,524,149 shares during the last quarter. Finally, Bradley Foster & Sargent Inc. CT increased its position in shares of Alaska Air Group by 22.3% in the 3rd quarter. Bradley Foster & Sargent Inc. CT now owns 16,276 shares of the transportation company’s stock valued at $1,241,000 after purchasing an additional 2,970 shares during the last quarter. 89.33% of the stock is currently owned by institutional investors.

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Shares of Alaska Air Group, Inc. (ALK) opened at $66.40 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.80 and a debt-to-equity ratio of 0.68. Alaska Air Group, Inc. has a 52 week low of $61.10 and a 52 week high of $101.43. The company has a market cap of $8,100.00, a PE ratio of 8.38 and a beta of 1.01.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings data on Wednesday, October 25th. The transportation company reported $2.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.26 by ($0.02). Alaska Air Group had a net margin of 10.34% and a return on equity of 28.74%. The company had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same quarter last year, the business earned $2.20 EPS. The firm’s revenue for the quarter was up 35.4% on a year-over-year basis. research analysts forecast that Alaska Air Group, Inc. will post 6.8 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Tuesday, November 21st will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.81%. The ex-dividend date is Monday, November 20th. Alaska Air Group’s dividend payout ratio (DPR) is 19.23%.

A number of equities research analysts have commented on the stock. Morgan Stanley set a $78.00 price objective on shares of Alaska Air Group and gave the company a “buy” rating in a research report on Thursday. Imperial Capital dropped their target price on shares of Alaska Air Group from $85.00 to $70.00 and set a “line” rating on the stock in a research report on Thursday, October 26th. J P Morgan Chase & Co downgraded shares of Alaska Air Group from an “overweight” rating to a “neutral” rating and set a $74.00 target price on the stock. in a research report on Wednesday, November 1st. ValuEngine downgraded shares of Alaska Air Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Cowen and Company reaffirmed a “buy” rating and issued a $103.00 target price on shares of Alaska Air Group in a research report on Tuesday, September 12th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and three have issued a strong buy rating to the stock. Alaska Air Group has a consensus rating of “Buy” and an average price target of $90.53.

Alaska Air Group 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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