Dynamic Capital Management Ltd purchased a new stake in Alaska Air Group, Inc. (NYSE:ALK) during the first quarter, Holdings Channel reports. The fund purchased 9,000 shares of the transportation company’s stock, valued at approximately $830,000.

Other hedge funds also recently made changes to their positions in the company. KCG Holdings Inc. boosted its stake in shares of Alaska Air Group by 533.1% in the first quarter. KCG Holdings Inc. now owns 16,714 shares of the transportation company’s stock valued at $1,541,000 after buying an additional 14,074 shares during the last quarter. Epoch Investment Partners Inc. boosted its stake in shares of Alaska Air Group by 83.2% in the first quarter. Epoch Investment Partners Inc. now owns 102,354 shares of the transportation company’s stock valued at $9,439,000 after buying an additional 46,495 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Alaska Air Group by 4,899.5% in the first quarter. BlackRock Inc. now owns 6,979,699 shares of the transportation company’s stock valued at $643,668,000 after buying an additional 6,840,090 shares during the last quarter. Morgan Stanley boosted its stake in shares of Alaska Air Group by 4.5% in the first quarter. Morgan Stanley now owns 1,112,492 shares of the transportation company’s stock valued at $102,593,000 after buying an additional 48,406 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Alaska Air Group by 1.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,207,619 shares of the transportation company’s stock valued at $111,373,000 after buying an additional 14,704 shares during the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

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

Shares of Alaska Air Group, Inc. (ALK) traded up 1.18% during trading on Friday, reaching $92.09. 339,018 shares of the company traded hands. Alaska Air Group, Inc. has a 52 week low of $54.51 and a 52 week high of $101.43. The stock has a market capitalization of $11.38 billion, a PE ratio of 15.69 and a beta of 0.96. The firm has a 50 day moving average of $86.73 and a 200 day moving average of $90.81.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings results on Wednesday, April 26th. The transportation company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.01. The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.77 billion. Alaska Air Group had a net margin of 11.51% and a return on equity of 30.01%. The business’s revenue was up 29.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.45 EPS. On average, equities analysts predict that Alaska Air Group, Inc. will post $8.08 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, June 8th. Stockholders of record on Tuesday, May 23rd were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend was Friday, May 19th. Alaska Air Group’s dividend payout ratio (DPR) is 20.41%.

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Several brokerages have recently issued reports on ALK. Zacks Investment Research cut shares of Alaska Air Group from a “buy” rating to a “hold” rating in a research report on Tuesday, March 7th. Cowen and Company restated a “market perform” rating and set a $100.00 target price on shares of Alaska Air Group in a research report on Tuesday, March 28th. Vetr upgraded shares of Alaska Air Group from a “hold” rating to a “strong-buy” rating and set a $124.48 target price on the stock in a research report on Monday, March 20th. Imperial Capital decreased their target price on shares of Alaska Air Group from $101.00 to $98.00 and set an “in-line” rating on the stock in a research report on Friday, March 31st. Finally, Stifel Nicolaus upgraded shares of Alaska Air Group from a “hold” rating to a “buy” rating and upped their target price for the company from $105.00 to $145.00 in a research report on Monday, March 20th. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $105.04.

In other news, Chairman Bradley D. Tilden sold 4,700 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $84.63, for a total value of $397,761.00. Following the sale, the chairman now directly owns 148,646 shares of the company’s stock, valued at approximately $12,579,910.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Joseph A. Sprague sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $90.85, for a total transaction of $635,950.00. Following the completion of the sale, the senior vice president now directly owns 7,191 shares in the company, valued at $653,302.35. The disclosure for this sale can be found here. Insiders sold a total of 23,800 shares of company stock worth $2,118,591 over the last three months. Insiders own 0.57% of the company’s stock.

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.

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