Investec Asset Management PTY Ltd boosted its holdings in shares of Alaska Air Group, Inc. (NYSE:ALK) by 47.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,154 shares of the transportation company’s stock after buying an additional 3,898 shares during the period. Investec Asset Management PTY Ltd’s holdings in Alaska Air Group were worth $1,089,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bessemer Group Inc. boosted its stake in Alaska Air Group by 57.9% during the second quarter. Bessemer Group Inc. now owns 1,895 shares of the transportation company’s stock worth $171,000 after buying an additional 695 shares in the last quarter. Twin Tree Management LP acquired a new stake in Alaska Air Group during the first quarter worth $179,000. Assetmark Inc. boosted its stake in Alaska Air Group by 70.3% during the first quarter. Assetmark Inc. now owns 2,027 shares of the transportation company’s stock worth $187,000 after buying an additional 837 shares in the last quarter. Rehmann Capital Advisory Group acquired a new stake in Alaska Air Group during the second quarter worth $201,000. Finally, Insight Capital Research & Management Inc. acquired a new stake in Alaska Air Group during the second quarter worth $215,000. Hedge funds and other institutional investors own 87.76% of the company’s stock.

Shares of Alaska Air Group, Inc. (NYSE ALK) traded down 2.21% during midday trading on Monday, hitting $73.62. 714,507 shares of the stock traded hands. Alaska Air Group, Inc. has a 1-year low of $64.19 and a 1-year high of $101.43. The stock has a 50 day moving average of $79.30 and a 200 day moving average of $87.26. The company has a market capitalization of $9.09 billion, a P/E ratio of 11.97 and a beta of 1.00.

Alaska Air Group (NYSE:ALK) last issued 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). Alaska Air Group had a return on equity of 30.04% and a net margin of 11.02%. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.10 billion. During the same quarter in the previous year, the business posted $2.12 EPS. The firm’s revenue for the quarter was up 40.7% on a year-over-year basis. Equities research analysts predict that Alaska Air Group, Inc. will post $7.67 earnings per share for the current fiscal year.

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

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In related news, Chairman Bradley D. Tilden sold 5,600 shares of the firm’s stock in a transaction on Thursday, July 13th. The stock was sold at an average price of $94.48, for a total value of $529,088.00. Following the transaction, the chairman now owns 145,546 shares in the company, valued at $13,751,186.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Bradley D. Tilden sold 2,400 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $85.83, for a total value of $205,992.00. Following the completion of the transaction, the chairman now owns 140,346 shares in the company, valued at approximately $12,045,897.18. The disclosure for this sale can be found here. Insiders sold 10,350 shares of company stock worth $937,251 in the last 90 days. 0.57% of the stock is owned by company insiders.

A number of equities research analysts have weighed in on ALK shares. BidaskClub downgraded shares of Alaska Air Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Morgan Stanley reiterated an “overweight” rating on shares of Alaska Air Group in a research note on Tuesday, September 12th. ValuEngine downgraded shares of Alaska Air Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research downgraded shares of Alaska Air Group from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Finally, Cowen and Company reiterated a “buy” rating and set a $103.00 price target on shares of Alaska Air Group in a research note on Tuesday, September 12th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $106.05.

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

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