Renaissance Group LLC increased its stake in Alaska Air Group, Inc. (NYSE:ALK) by 5.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 379,119 shares of the transportation company’s stock after purchasing an additional 17,981 shares during the period. Renaissance Group LLC owned approximately 0.31% of Alaska Air Group worth $28,915,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of Alaska Air Group by 2.3% in the second quarter. Vanguard Group Inc. now owns 11,829,247 shares of the transportation company’s stock worth $1,061,794,000 after purchasing an additional 261,887 shares during the last quarter. Egerton Capital UK LLP increased its position in shares of Alaska Air Group by 51.6% in the third quarter. Egerton Capital UK LLP now owns 4,476,494 shares of the transportation company’s stock worth $341,422,000 after purchasing an additional 1,524,149 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Alaska Air Group by 4.6% in 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 last quarter. Principal Financial Group Inc. increased its position in shares of Alaska Air Group by 22.8% in the third quarter. Principal Financial Group Inc. now owns 1,510,663 shares of the transportation company’s stock worth $115,218,000 after purchasing an additional 280,075 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Alaska Air Group by 10.8% in the second quarter. Ameriprise Financial Inc. now owns 1,491,104 shares of the transportation company’s stock worth $133,835,000 after purchasing an additional 145,328 shares during the last quarter. Institutional investors own 88.37% of the company’s stock.

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Several research analysts recently weighed in on the stock. Morgan Stanley set a $78.00 price objective on shares of Alaska Air Group and gave the stock a “buy” rating in a research report on Thursday, November 16th. Imperial Capital decreased their price objective 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 lowered Alaska Air Group from an “overweight” rating to a “neutral” rating and set a $74.00 target price for the company. in a research note on Wednesday, November 1st. ValuEngine lowered Alaska Air Group from a “strong-buy” rating to a “buy” rating in a research note 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 note on Tuesday, September 12th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, nine have given a buy rating and three have given a strong buy rating to the company. Alaska Air Group presently has an average rating of “Buy” and an average target price of $91.27.

Alaska Air Group, Inc. (NYSE ALK) traded down $0.30 during trading hours on Tuesday, hitting $66.10. The stock had a trading volume of 1,897,100 shares, compared to its average volume of 1,470,804. The stock has a market capitalization of $8,120.00, a price-to-earnings ratio of 9.02 and a beta of 1.01. Alaska Air Group, Inc. has a 52-week low of $61.10 and a 52-week high of $101.43. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.78 and a current ratio of 0.80.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings data on Wednesday, October 25th. The transportation company reported $2.24 earnings per share for the quarter, missing analysts’ consensus estimates of $2.26 by ($0.02). The company had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.13 billion. Alaska Air Group had a net margin of 10.34% and a return on equity of 28.74%. The business’s revenue for the quarter was up 35.4% compared to the same quarter last year. During the same period last year, the company posted $2.20 EPS. equities research analysts forecast that Alaska Air Group, Inc. will post 6.78 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Tuesday, November 21st will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend is Monday, November 20th. Alaska Air Group’s dividend payout ratio (DPR) is presently 19.23%.

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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