WBI Investments Inc. lessened its holdings in Alaska Air Group, Inc. (NYSE:ALK) by 1.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 35,304 shares of the transportation company’s stock after selling 572 shares during the quarter. WBI Investments Inc.’s holdings in Alaska Air Group were worth $3,169,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Empirical Finance LLC boosted its position in shares of Alaska Air Group by 0.3% in the second quarter. Empirical Finance LLC now owns 25,002 shares of the transportation company’s stock valued at $2,245,000 after acquiring an additional 72 shares during the period. Alliancebernstein L.P. lifted its position in Alaska Air Group by 2.2% during the second quarter. Alliancebernstein L.P. now owns 226,779 shares of the transportation company’s stock worth $20,356,000 after purchasing an additional 4,917 shares during the period. HPM Partners LLC lifted its position in Alaska Air Group by 192.2% during the second quarter. HPM Partners LLC now owns 14,266 shares of the transportation company’s stock worth $2,041,000 after purchasing an additional 9,383 shares during the period. AXA lifted its position in Alaska Air Group by 268.3% during the second quarter. AXA now owns 270,700 shares of the transportation company’s stock worth $24,298,000 after purchasing an additional 197,200 shares during the period. Finally, Franklin Resources Inc. lifted its position in Alaska Air Group by 4.6% during the second quarter. Franklin Resources Inc. now owns 3,348,411 shares of the transportation company’s stock worth $300,554,000 after purchasing an additional 148,061 shares during the period. 88.34% of the stock is owned by institutional investors.

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Alaska Air Group, Inc. (ALK) traded down 1.3366% during mid-day trading on Wednesday, reaching $75.2999. 300,361 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $80.57 and a 200-day moving average of $87.73. The stock has a market cap of $9.30 billion, a price-to-earnings ratio of 12.2459 and a beta of 1.00. Alaska Air Group, Inc. has a one year low of $64.19 and a one year high of $101.43.

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

The business also recently declared a quarterly dividend, which was paid on Thursday, September 7th. Shareholders of record on Tuesday, August 22nd were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, August 18th. This represents a $1.20 dividend on an annualized basis and a yield of 1.57%. Alaska Air Group’s dividend payout ratio (DPR) is currently 19.48%.

ALK has been the subject of several recent analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $145.00 price objective on shares of Alaska Air Group in a research report on Friday, May 26th. Cowen and Company reaffirmed an “outperform” rating and set a $103.00 price objective on shares of Alaska Air Group in a research report on Tuesday, June 20th. BidaskClub cut shares of Alaska Air Group from a “buy” rating to a “hold” rating in a research report on Thursday, June 29th. Bank of America Corporation upped their price objective 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. Finally, Zacks Investment Research raised shares of Alaska Air Group from a “hold” rating to a “buy” rating and set a $101.00 price objective for the company in a research report on Tuesday, July 4th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $104.86.

In other 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 transaction, the chairman now directly owns 145,546 shares of the company’s stock, valued at $13,751,186.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Andrew R. Harrison sold 2,350 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $86.03, for a total value of $202,170.50. Following the transaction, the executive vice president now directly owns 21,328 shares in the company, valued at $1,834,847.84. The disclosure for this sale can be found here. Insiders sold a total of 10,350 shares of company stock worth $937,251 over the last ninety days. 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.

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

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