American Century Companies Inc. lifted its position in shares of Alaska Air Group, Inc. (NYSE:ALK) by 3.5% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 77,090 shares of the transportation company’s stock after buying an additional 2,610 shares during the quarter. American Century Companies Inc. owned about 0.06% of Alaska Air Group worth $5,880,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of ALK. LS Investment Advisors LLC lifted its holdings in shares of Alaska Air Group by 10.9% during the second quarter. LS Investment Advisors LLC now owns 3,146 shares of the transportation company’s stock worth $282,000 after buying an additional 310 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of Alaska Air Group by 1.3% during the second quarter. Louisiana State Employees Retirement System now owns 7,700 shares of the transportation company’s stock worth $691,000 after buying an additional 100 shares in the last quarter. Aperio Group LLC lifted its holdings in shares of Alaska Air Group by 8.7% during the second quarter. Aperio Group LLC now owns 53,209 shares of the transportation company’s stock worth $4,776,000 after buying an additional 4,259 shares in the last quarter. Insight Capital Research & Management Inc. acquired a new stake in shares of Alaska Air Group during the second quarter worth $215,000. Finally, Jag Capital Management LLC lifted its holdings in shares of Alaska Air Group by 32.6% during the second quarter. Jag Capital Management LLC now owns 9,500 shares of the transportation company’s stock worth $853,000 after buying an additional 2,335 shares in the last quarter. 88.37% of the stock is owned by institutional investors.

A number of equities research analysts have recently weighed in on ALK shares. Stifel Nicolaus reissued a “buy” rating and set a $125.00 target price on shares of Alaska Air Group in a report on Saturday, September 23rd. Barclays PLC reissued a “buy” rating on shares of Alaska Air Group in a report on Thursday, September 14th. Cowen and Company reissued a “buy” rating and set a $103.00 target price on shares of Alaska Air Group in a report on Tuesday, September 12th. ValuEngine downgraded Alaska Air Group from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Finally, Bank of America Corporation dropped their target price on Alaska Air Group from $100.00 to $96.00 and set a “buy” rating for the company in a report on Friday, October 13th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $91.27.

Alaska Air Group, Inc. (NYSE:ALK) opened at $65.58 on Thursday. Alaska Air Group, Inc. has a 12-month low of $61.10 and a 12-month high of $101.43. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.80 and a quick ratio of 0.78. The stock has a market capitalization of $8,144.34, a PE ratio of 8.99 and a beta of 1.01.

Alaska Air Group (NYSE:ALK) last released its earnings results on Wednesday, October 25th. The transportation company reported $2.24 earnings per share (EPS) for the quarter, missing the Zacks’ 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 business had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter in the prior year, the firm earned $2.20 EPS. The business’s revenue was up 35.4% on a year-over-year basis. equities research analysts forecast that Alaska Air Group, Inc. will post 6.77 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Tuesday, November 21st will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend is Monday, November 20th. Alaska Air Group’s dividend payout ratio is presently 19.26%.

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About Alaska Air Group

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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